What is the name given to the working arrangement in which the employer permits two employees to work less than a full-time schedule but work at the same tasks? This situation most likely could have been caused by: At December 31, 20X2, Curry Co. had the following balances in selected asset accounts: Which of the following actions is an analytical procedure that an auditor most likely would use while auditing a company's notes payable? An entity is information about people, places, or events, where as an attribute is a column or specific field of the data elements associated with an entity. we gave two examples of market anomalies (the earnings-announcement puzzle and the new-issue puzzle). The accounting guideline prescribing that financial statement information be supported by independent, unbiased evidence other than someone's belief or opinion is the: Businesses can take all of the following forms except: A. Study with Quizlet and memorize flashcards containing terms like Analytical procedures used in planning an audit should focus on: A. reducing the scope of tests of controls and substantive tests. | Labor (hours) | 300 | 275 | a. consolidate IS resources and eliminate redundant functions. T or F, More than half of all Asian/Pacific Americans are foreign born. Internal users of accounting information include: The primary objective of financial accounting is: Internal users of accounting information always include: . Beachfront resorts have an inelastic supply, and Amirante has determined that the collectibility of the lease payments is probable and that the implicit interest rate is 5%. \text{Cash flows from operating activities}&\text{\$\hspace{5pt}121,000}&\text{\$\hspace{5pt}114,000}\\ Measures a merchandising firm's ability to earn a profit from the sale of inventory. \text{(b) July-December 2014} & \text{\$ 13.950.000} & \text{174} & \text{20} & \text{505}\\ B. The Consumer Confidence Survey is a monthly review that measures consumer confidence in the U.S. economy. D. Assets and expenses are both increased with a debit. A legal immigrant is an individual granted legal permanent residence. Carlos is working with an existing database, but he wants to eliminate some of the columns in the table to create a new, more streamlined database. The position of a _____ is a non-technical position responsible for defining and implementing consistent principles for setting data standards and data definitions that apply across all the databases in an organization. c. Which product experiences a larger change in C. An increase in an unearned revenue account. Their activities are best characterized as an example of _____. Study with Quizlet and memorize flashcards containing terms like the automobile industry in a developing country has very few sellers. T or F, Apple is a derogatory term that is sometimes used to refer to Native Americans. **Of the following errors, which one will cause the trial balance to be out of balance? Why is it important to be aware of stereotypes when dealing with this population? What business strategy does this represent? Fixed manufacturing overhead cost variances are written off to cost of goods sold in the period in which they occur. | Units produced | 1,000 | 1,000 | Employers may work with employees' schedules to accommodate the employees' lifestyles. T or F, Many Blacks left the South for the sole purpose of escaping racism and determination. The asset section of a classified balance sheet usually includes: A. As the company's management accountant, you have been asked to provide explanations for the disappointing September results. According to generally accepted accounting principles, a company's balance sheet should show the company's assets at: A. c. permitted consumers to sue the retailer from whom they had \text{Capacity Concept} & \text{OVerhead per Period} & \text{per Period} & \text{per Day} & \text{per Hour}\\ 1. a. Compute the budgeted fixed manufacturing overhead rate per barrel for each of the denominator-level capacity concepts. c. Social media is one example of this, as it can be used to target many places such as churches, community centers, mosques, etc. What are the advantages of LGBTQ officers serving as liaisons to LGBTQ communities? Amirante incurred costs of$300,000 in manufacturing the machine and $14,000 in legal fees directly related to the signing of the lease. According to the text, the 80/20 rule suggests that, Customer relationship management systems cannot be effective unless they are developed as, The most important component of customer relationship management is. Harboring unreasonable fears about black people is a result of the prevalence of stereotypes associated with criminality. Which word or phrase below means "deeply embedded system of societal structure whereby people are organized according to how much status and power they have"? c) develop plans for implementation and control. C. Under GAAP it is mandatory to present current assets first, while under IFRS it is customary (but not required) to present noncurrent assets first. Which of the following is NOT included in the Asian/Pacific American designation? B. Finally, somewhere like Spain or France will look for the tone of which someone is speaking, in addition to the facial expressiveness that they use, as that is sometimes more meaningful than the words themselves. C. Journalize, post, unadjusted trial balance. Brandon, a security specialist, explains that IS security managers must use their judgment to ensure that the cost of security risk control does not exceed the system's benefits or the risks involved. Law enforcement agents should understand the importance of eye contact because in situations where there is a language barrier and the citizen speaks little English, actions can "speak louder than words" and provide the nonverbal communication that one is still listening to you, trying to reason, etc. Determine the amount of net income for March, assuming that no additional capital stock was issued and no dividends were paid during the month. Macromolecules. The major activities of a business include: A. George is in charge of ordering supplies for his employer, and he usually buys these supplies from the same vendors. Which of the following is the correct sequence for the heading for ABC Company's 2013 balance sheet? 2. In organizations where IS becomes a catalyst for achieving new business objectives unreachable without IS, IS organizational strategies _____. _______is an employee's attitude or feeling about the job. C. Liabilities created when a customer pays in advance for products or services before the revenue is earned. The Kerner Commission Report identified the underrepresentation of blacks as a serious problem. this is an example of -monopoly oligopoly pure competition monopolistic Liquidity problems are likely to exist when a company's acid-test ratio: The acid-test ratio differs from the current ratio in that: B. Prepaid expenses and inventory are excluded from the calculation of the acid-test ratio. \begin{matrix} b. identity theft is a federal crime for which perpetrators may be sentenced to up to 15 years in prison. Each letter below contains three of the steps found in the accounting cycle. Unstructured data comes from sources such as word-processing documents and scientific research. That records the effects of transactions and other events in at least two accounts with equal debits and credits. **

Instructions

** b. Marshall's company currently maintains their data on in-house servers, but his supervisor has asked him to research their options for having some or all of it hosted by a cloud service provider. Study with Quizlet and memorize flashcards containing terms like Acquiring cultural competence includes: A) exploration of officers' belief systems and biases B) awareness of an officer's perspectives and perceptions C) increased communication skills leading to effective rapport building D) all of the above, The Chinese Exclusion Act in 1882 denied Chinese Laborers the B. when viewed as a trend of entity data. kilobytes? How is the vacation pay be reported on the companys balance sheet? With recent increases in his costs, he has a newfound interest in efficiency. They are good models to prove that they are not ashamed to do the job that they want to do. When the right combination of circumstances occurs at the right time to allow an organization to take action toward a target market, the firm is faced with a, In response to the increase in demand for organic foods, Wegmans, Inc., a regional supermarket, recently created organic food departments within their large stores. Study with Quizlet and memorize flashcards containing terms like T/F - Downloading music into a computers random access memory, or RAM, without authorization is copyright infringement., T/F - A franchisee's breach of the duty of honesty and fidelity can be enough to allow a franchisor to terminate a franchise even if their contract contains a notice-and-cure provision, Donuts Whole Level of inherent risk. Means that information is supported by independent, unbiased evidence. Thanks to the Identity Theft and Assumption Deterrence Act, _____. \text{Accounts receivable}&800,000&960,000\\ Using the straight-line method, what is the amount that should be recorded as depreciation on December 31? \begin{matrix} \text{Selling price per book} & \text{\$ 20}\\ A database administrator is an important nontechnical position responsible for defining and implementing consistent principles for a variety of data issues, including setting data standards and data definitions that apply across all the databases in an organization. &\textbf{2018}&\textbf{2017}\\[5pt] Which of the following statements is FALSE? The three states with the largest Native American population in 2015 were: What do Native Americans speak of as a cultural legacy from their tradition that all people should embrace for the future of the environment? 35 terms. Drilling exploration to discover oil, stock in a secure "blue chip" corporation, government bonds. Which of the following is a true statement about a principles-based system? $$ Amirante Inc. manufactures an X-ray machine with an estimated life of 12 years and leases it to Chambers Medical Center for a period of 10 years. \text{Denominator-Level} & \text{Manufacturing } & \text{Production} & \text{Production} & \text{Barrels}\\ $$ D. Business entity assumption E. Full disclosure assumption. Because they must deal with large quantities of data from so many different sources, IS employees at financial institutions may be at increased risk of failing to comply with government regulations designed to prevent money laundering, such as the _____. Study with Quizlet and memorize flashcards containing terms like Which of the following is true regarding when an offeree may reject an offer? The seller had paid $300,000 for the building six years ago. | | Last year | Now | $$ After a successful cyberattack, the funds spent on repairing affected systems, restoring lost data, and performing a post-incident analysis are considered part of the _____. One myth is that all people of Hispanic/Latino origin that are in the United States are illegal aliens. Management's use of resources can best be evaluated by focusing on measures of: An individual interested in making a judgment about the profitability of a company should: An entity's current ratio will be influenced by: A potential creditor's judgment about granting credit would be most influenced by the potential. Marian Mosely is the owner of Mosely Accounting Services. On January 1, Able Company purchased equipment costing $135,000 with an estimated salvage value of $10,500, and an estimated useful life of five years. A. A. The organization that attempts to create more harmony among the accounting practices of different countries by identifying preferred practices and encouraging their worldwide acceptance is the: The private board that currently has the authority to establish U.S. generally accepted accounting principles is the: Which of the following statements best describes the relationship of U.S. GAAP and IFRS? All ledger accounts with balances, none of which can be temporary accounts. ________ is the beliefs, habits, attitudes, values, and patterns of thinking, behavior, and everyday customs that have been passed on from generation to generation. They would then ____. ***Answer: include an explanation that this is a stereotype. T or F, Arabs in general are very warm and expressive people, both verbally and nonverbally. T or F, Some Indian tribes believe that looking directly into another's persons eyes for a prolonged period of time is disrespectful. Household relationships and communication patterns are often ________. The official position of the Biden regime as articulated by its chief press spokesperson is that political opposition is "a threat to **Which of the following is the appropriate journal entry if a company performs a service and then bills the customer? A post-closing trial balance should include only permanent accounts. what it was). In a _____, all network devices are connected to a common backbone that serves as a shared communications medium. Matthew develops Web services using _____. The effect of this error will be that: If the Debit and Credit column totals of a trial balance are equal, then: D. The total debit entries and total credit entries are equal. d. drivers that set information system organizational strategy. Suppose your computer network was compromised in a large-scale virus attack last Thursday. As a result of it, the courts a. permitted consumers to sue manufacturers with whom they had no contractual relationships. A company is investing in a solar panel system to reduce its electricity costs. How does this transaction affect the company's accounting equation? A. The journal entry made by Wisconsin Rentals to record this transaction will include a: An asset created by prepayment of an expense is: B. ___________ refers to the coordination of internal exchanges between the organization and its employees to better achieve successful external exchanges between the organization and its customers. D. They appear on the statement of retained earnings. (that is, the quantity demanded at each price is twice Marina is a data scientist at a large financial corporation, and therefore she _____. A reduction in price below the list price, D. The document a buyer issues to inform the seller of a debit made to the seller's account in the buyer's records. How might the IRS limit the flexibility of an absorption-costing company like Castle Lager attempting to minimize its taxable income? 5G networks can support the exchange of brief bursts of data between next-generation autonomous cars because they provide _____. John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Anderson's Business Law and the Legal Environment, Comprehensive Volume, David Twomey, Marianne Jennings, Stephanie Greene, Principles of Operations Management: Sustainability and Supply Chain Management, Alan Eisner, Gerry McNamara, Gregory Dess, Seung-Hyun Lee. An appliance manufacturer that sells to large retail stores, wholesalers, and institutions would probably organize its marketing unit on the basis of. D) is all of the above., 12) A disadvantage of general partnerships is: A) double taxation of distributed profits. Middle Easterners come to the United States for numerous reasons. A nationally representative census of law enforcement agencies, including organizations at the city, county, state, and federal levels, is conducted how often by the Bureau of Justice Statistics? In order to keep the company operating as a single entity, the CEO has created an intra-company information exchange similar to Facebook, he has a weekly newsletter posted on-line for employees, and takes input for improvements or problem solutions from any employee wherever they are located and whatever their position is. Following a bumpy launch week that saw frequent server trouble and bloated player queues, Blizzard has announced that over 25 million Overwatch 2 players have logged on in its first 10 days. When you connect to the university library website to find out whether the library has an article you want to read, and the site then interacts with a database that contains a catalog of library books and articles to determine whether the book you want is available, the database management system functions as a(n) __________ to query the database and provide the requested information to the website. Study with Quizlet and memorize flashcards containing terms like 11) Accounting: A) measures business activities. Study with Quizlet and memorize flashcards containing terms like ______ economic resources means limited goods and services. 1. This may indicate that: An auditor's analytical procedures indicate a lower than expected return on an equity method investment. It is based on a typical sample of 5,000 U.S. households. The comparison of activity measures of different companies is complicated by the fact that: If a firm's payment terms for sales made on account to its customers were 2/10, n30, the. Leonard, a data scientist working in an information systems organization, is considering pursuing a certification in either Hadoop or Python. Which of the following is not something that we would consider motivational for an individual? A. T or F, Ongoing skill training and educational opportunities should be made available primarily to higher ranking officers. The official position of the Biden regime as articulated by its chief press spokesperson is that political opposition is "a threat to The system is expected to generate net cash flows of$13,000 per year for the next 35 years. To what do some observers attribute the early departure of females from gang membership? What happens to the equilibrium price and Its profit margin is: **Which of the following accounts would be closed at the end of the accounting period? What denominator-level capacity concept would Castle Lager prefer to use for U.S. income-tax reporting? c. the estimated cost of the direct impact, business disruption, recovery efforts, and legal and reputation damages. C. Help curb financial abuses at companies that issue their stock to the public. Involve using resources to research, develop, purchase, produce, distribute, and market products and services. a. interorganizational information system. The Asian/Pacific Americans involved in criminal justice careers are largely: In 1997, the U.S. Government divided the Asian/Pacific Americans into how many groups? At Mrs. a. Which of the following is not a category of financial statement ratios? Cost of sales. This database contains not only enterprise data but also data from other organizations. Jones Hardware, Inc. paid a cash dividend of $6,000. Finally, a misconception about human trafficking victims is that they can escape, but choose not to. Among these changes is the difficulty in recruiting qualified candidates for law enforcement positions. Which of the following transactions would improve Gil's current ratio? Means that information is supported by independent, unbiased evidence. E. A principles-based system depends heavily on control procedures to reduce the potential for fraud or misconduct. \begin{matrix} He learns that _____. D? D. the normal balance of an expense account is a credit. T or F, The ability to remain quiet, to be still, and to observe is highly valued in Native American culture; consequently, silence is truly a virtue. Often, when a new client needs a technological solution that cannot be solved in any one location, individuals who would like to work on the project, volunteer and communicate via a company video conferencing and information exchange site. Maximum Experience had an appraisal done and found that the building was worth $575,000. Heath Co.'s current ratio is 4:1. Liesel ___________. Which of the following is NOT one of the reasons? The Adjustments columns show expired insurance of $200. C. when compared to an industry average for the most recent year. Corporate strategy, business unit strategies, innovative thinking, and technology innovations are all _____. Which of the following responses is NOT correct? B. automobiles have an elastic supply. Barry works with a(n) _____. Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Alvin A Arens, Mark A Beasley, Mark S Beasley, Randal J Elder. The cash equivalent value of what was given up. Realizing that consumers have begun to seek vehicles that use less gasoline, Toyota heavily promotes its hybrid automobiles to capitalize on this __________ while the strategic window is open. Which accounting principle would require Myers Legal Services to record the legal fees revenue in 2014 and not 2013? If a firm borrowed money on a six-month bank loan, the firm's working capital immediately. \text{Cash dividends paid were \$20,000, both years}\\ The Adjusted Trials total is: A. Operating, investing, making a profit. C. Preparing a post-closing trial balance. Which of the following circumstances most likely would cause an auditor to suspect an employee payroll fraud scheme? The______maintains that people are motivated to obtain and preserve fair treatment for themselves. NYAH_WILLIAMS18. Source documents include all of the following except: B. To identify, record, and communicate business transactions. The final step in the security risk assessment process is to _____. $$ Scarce B. Eye contact is different across cultures as well, so it should be known that eye contact does not mean what someone may immediately draw a conclusion to. Find the probability of an event when the odds against the event are 3:7. What is a recommended course of action to prepare for future events? Which of the following theories or studies maintained that, as pertaining to employees, a state of no dissatisfaction cannot exist because people will always be dissatisfied with something? T or F, Kochman explains that, for some blacks, fighting does not begin until one person does something physically provocative (Kochman, 2013). The process of transferring general journal information to the ledger is: A column in journal and ledger accounts used to cross reference journal and ledger entries is the: The record in which business transactions are first recorded is the: What is another name for the general journal? The Maximum Experience Company acquired a building for $500,000. Indicate the effect of the misstatement on Russian Baths December 31, 2012, balance sheet and income statement for the year ended December 31, 2012. Fill's Cookie Co., top-level managers delegate very little authority to lower-level employees. \text{Cash flows from financing activities}&\text{(12,000)}&\text{(15,000)}\\ The amount shown as Office Supplies in the Balance Sheet columns of the work sheet is: A company shows a $600 balance in prepaid insurance in the Unadjusted Trial Balance columns of the work sheet. Joseph Robinette Joe Biden, Jr. aka Pops, The Big Guy, and My Chairman (born November 20, 1942) is the authoritarian kleptocrat and dictator of the United States. Hadoop processes data using a Java-based system called _____. The first wave of migration by Cubans into the United States occurred between what years? The number of credit union members has been: A. growing steadily. c. If necessary, re-estimate the model, allowing for autocorrelated errors. Financial information related to Ebony Interiors for February and March 2014 is as follows: If ________ occurs, police departments will be subjected to adverse media attention, lawsuits, citizen complaints, human relations commission involvement, or dismissal of the chief or other management. price? \text{Supplies}&30,000&35,000 Based on this information, this firm is most likely organized according to which of the following? Early 5G users should be aware that their coverage may be limited compared with 4G coverage, at least initially. Arab communities will not report crimes to avoid: Arab communities expect communication to be: What percentage of Iranians and Turks are Muslim? A hospital system that wants to utilize big data can use HIPAA regulations to help them _____. Fees earned (but not yet received in cash) by a business in exchange for services that it has provided appear on which of the following statements? A firm that wants to put more senior management personnel into the field, to get closer to customers, and to enable the company to respond more quickly and efficiently to competitors would probably organize its marketing unit on the basis of, The marketing control process consists of, The first step in the marketing control process is to, An expected level of performance against which actual performance can be compared is a, Marketing managers can take each of the following corrective actions for reducing a discrepancy between established performance standards and actual performance except, When an organization attempts to control its marketing activities, it may find it difficult to, The time lag between the performance of marketing activities and their results, Favorable conditions in the marketplace environment that could produce business rewards for the organization if acted upon properly are called, The Boston Consulting Group's matrix is based on the, According to the Boston Consulting Group, marketers may classify their products as all of the following except, Based on the work by the Boston Consulting Group, products with a dominant share of the market and good prospects for growth are, The Boston Consulting Group classifies products that have a dominant market share but low prospects for growth and that generate more cash than is required to maintain market share as, Products that have a relatively low market share and low prospects for growth are considered by the Boston Consulting Group to be, According to the Boston Consulting Group, question marks are characterized as products. C. The uncertainty about the expected return that will be earned from an investment. Each attribute in a relational database model can be constrained to a range of allowable values called a _____. A company failed to post a $50 debit to the Office Supplies account. Accrued revenues at the end of one accounting period often result in cash receipts from customers in the next period. T or F, Affirmative action and consent decrees have been extremely successful in achieving parity in the hiring of women and individuals from ethnically diverse backgrounds. Round to the nearest cent. Retained earnings must be closed each accounting period. Jan is using her firm's data warehouse. A record of the increases and decreases in a specific asset, liability, equity, revenue, or expense is a(n): An account used to record the owners' investments in the business is called: The account used to record the transfers of assets from a business to its stockholders is: Which of the following statements is correct? 82-140 Chapter 2 On December 30, 20X1, Vida Co. had cash of $200,000, a current ratio of 1.5:1 and a quick ratio of 0.5:1. 1-81 Chapter 1 The executive vice president of the company observed that the operating income for September was much lower than Anticipated, despite a higher-than-budgeted selling price and a lower-than-budgeted variable cost per unit. Which challenge of big data is Marshall helping to address? T/F, Accrual accounting attempts to measure revenues and expenses that occurred during accounting periods so they equal net operating cash flow. b. adopted the principle of caveat emptor. T or F, The "Blue Code of Silence" is one factor contributing to officers' legitimizing prejudicial behavior, i.e., when fellow officers do not report injustices. ________ is a systematic program of encouraging desirable behavior involving rewards to encourage desirable actions and punishments to discourage undesirable actions. Miles has experienced an attack vector known as _____. c. can rely on her familiarity with Internet technology. Prop 30 is supported by a coalition including CalFire Firefighters, the American Lung Association, environmental organizations, electrical workers and businesses that want to improve Californias air quality by fighting and preventing wildfires and reducing air pollution from vehicles. a. 3. Determine the net present value of this investment. D. Increases in retained earnings from a company's earning activities. For marketing implementation to be successful, the needs of _________ customers must be met. Which of the following elements are found on the income statement? Sellers wish to ensure that the sale in question was rung up on the register in the first place. A 10-column spreadsheet used to draft a company's unadjusted trial balance, adjusting entries, adjusted trial balance, and financial statements and which is an optional tool in the accounting process is a(n): **The alternative method of accounting for prepayments. For example, the man mentioned earlier had people who helped smuggle victims into the U.S. while HHS was having a hard time with all the people going through. c. allow all sorts of documents to be converted to electronic form for employee access. T or F. There are ________ Native American languages. 79% of Americans believe Biden stole the 2020 Presidential election. c. Prepare all of the lessor's journal entries for the first year. The estimated amount of the current years vacation pay is $42,000. Fourthly, victims do not have the freedom of movement. How did this phrase come about and why does it NOT simply connote that "All Lives Matter?". \begin{array}{lrr} D. Is the excess of revenues over expenses. Indian culture values ________ because of the respect they have for wisdom and experience. The underbanked represented 14% of U.S. households, or 18. Also, it helps to build better communities and allow people of Hispanic/Latino origin more faith in the law enforcement system, as crimes are underreported. Prepare a flexible-budget-based variance analysis of the September performance. Collaboration between two or more organizations that lowers costs and reduces manual effort among employees is enabled by a(n) _____. T or F, The act intentional and unintentional of applying or incorporating personal, social, or organizational biases and/or stereotypes in decision-making, police actions, or the administration of justice is bias-based policing. Because a later step in the assessment process involves performing a cost-benefit analysis, Eboni will include _____. T or F, Researchers Cho and Kim (2012) point out that, "Asian victims of intimate partner violence are less likely to use mental health services than any other racial groups." Explain your answer. A liability created by the receipt of cash from customers in payment for products or services that have not yet been delivered to the customers is: C. Recorded as a credit to an unearned revenue account. B. Secondly, there is a myth that human traffickers are committing unlawful acts. A(n) _____ is a field or set of fields in a record that uniquely identifies the record. \text{Capital expenditures were 40\\\% of investing activities, both years}\\ Which of the following is NOT one of the states that has seen the fastest growth of Hispanics? She sells it when it increases to$47,300, months later, and uses a discount broker who charges $19 per trade. Recognizes that a customer returned merchandise and/or received an allowance. c. they can support many more devices at one time than 4G networks, Charles D. Miller, Christopher Heeren, John Hornsby, Vern Hereen, Multiply and, if possible, simplify. Listed below are two pieces of information. Fabiola's IS management team is formulating their IS strategic plan. A health insurance firm is hit by a successful cyberattack. Phil is preparing to publish a Web site he just created and researches his options. d. identify which data needs to be protected from unauthorized access. It assumes that all resources are static and incapable of shifting. The accounting, tax, and advisory company Grant Thornton International has several IS labs around the world that employ experts who examine digital evidence for use in legal cases. C. Assets, liabilities, and equity are unchanged. Another stereotype to combat is that all people who look "Hispanic" speak Spanish. T or F, Language barriers can lead to serious problems for those who cannot speak English. In 2014, the Jacksonville Brewery reported these production results: $84,000 C. $85,700 D. $85,900 E. $87,600. Balancing is required because of the possibility of any action leading to varied outcomes. Study with Quizlet and memorize flashcards containing terms like _______is an employee's attitude or feeling about the job., The underlying cause for a person to act in a particular manner may be referred to as a_______, Frederick W. Taylor used scientific management as a means to improve__________ and more. An upper-level IS manager proposes that his organization implement a system to consolidate shipping and exception data from multiple carriers so that consumers know when their purchase will ship and when it will arrive. d. the data is checked against the constraints defined in the database schema. What characteristic of big data does this best demonstrate? Several angry customers have filed charges. The principle that (A) requires revenue to be recognized at the time it is earned, (B) allows the inflow of assets associated with revenue to be in a form other than cash, and (C) measures the amount of revenue as the cash plus the cash equivalent value of any noncash assets received from customers in exchange for goods or services is called the: The question of when revenue should be recognized on the income statement (according to GAAP) is addressed by the: The International Accounting Standards Board (IASB). This is known as big data's _____. One reason for this is: Police departments reflect society and, in this way are ________ of the larger society. Donna is a member of a team trying to select the best type of database for a business problem. Its net sales for October were $10,000. \end{matrix} b. Those who have a checking or savings account, but also use financial alternatives like check cashing services are considered underbanked. For example, an officer might make the assumption that the person is guilty based on the fact that they will not make eye contact when in reality they may not be guilty, just nervous and it is not in their culture to make direct eye contact. **Which of the following accounts would not be on the post- closing trial balance? Prepare a static-budget-based variance analysis of the September performance. Which accounting principle would prescribe that Maximum Experience record the building on its records at $500,000? Where is the best place to locate this information, in the journal or the ledger? Hannah needs to create a Web site to advertise her catering services. Study with Quizlet and memorize flashcards containing terms like Identifying types of resources Each item described in the table falls into the resource category of labor, capital, or land., Complete the following statement, Juanita and Gilberto need to decide which one of them will take time off from work to complete the rather urgent task of digging postholes for their new fence. Peter Bryant, Castle Lager's controller, obtains the following information about Jacksonville Breweries capacity and budgeted fixed manufacturing costs for 2014:$ Is generally accepted for external reporting since it is more useful for most business decisions. \text{Fixed costs for the month} & \text{\$ 145.000}\\ English and US revolution. The statement of cash flows reports on cash flows for: The statement of cash flows reports information on: B. Which of the following formulas can be used to calculate the debt ratio? A. What kind of team did he form? Is the cost of merchandise sold to customers. $$ The percentage of adults in an area who are interested in opening an account with an investment company drops significantly after the media reports on a successful cyberattack on this organization. b. Successful business organizations should take actions to convert internal weaknesses into ___________ and external threats into ___________. a. the technique used to gain unauthorized access to a device or a network. What is the primary difference between an entity and an attribute? One reason AT&T and Verizon have plans to expand their 5G networks is that _____. if one automobile company raises the prices of its trucks by a certain amount, other automobile companies in the industry follow by raising prices by a similar amount. Explain. $$. A debit to Sales Returns and Allowances and a credit to Accounts Receivable: B. Chapter 4 Social Studies Quiz (Gambrel) 36 terms. Douglas McGregor observed management's view of workers from two perspectives. T or F, When people have implicit biases, it means that they are consciously aware of the prejudices they hold. B. In one perspective, he said managers view workers as slothful, lazy, and have no desire to work. \end{array} \text{Master-budget capacity for each half year}\\ b. He has the following data representing a month from last year and an equivalent month this year: Some databases use ______, which is a visual approach to developing queries and requests. Based on this information, which of the following is a true statement? Study with Quizlet and memorize flashcards containing terms like 1. b. Sales less sales discounts less sales returns and allowances equals: Which of the following accounts would be closed with a debit? Not to mention, that they take jobs that many Americans would never do, just to earn their living. One of the vendors, Business Office Supplies, has given George limited access to their inventory system. How can he make his social media use safer? Billie Jean doesn't need to consider her information system strategic plan when she chooses projects to assign to the contractors she is supervising. c. corporate strategy and business unit strategies. A) every six years. An income statement that includes cost of goods sold as another expense and shows only one subtotal for total expenses is a: Expenses that support the overall operations of a business and include the expenses relating to accounting, human resource management, and financial management are called: B. b. cybercriminals and new laws and regulations. \text{Ending inventory in barrels, 12-31-2014} & \text{210.000}\\ There's basically two types of communication: high-context communication and low-context communication. The oral interview panel screening law enforcement applicants should: In the past three decades, there have been major shifts in employment trends in law enforcement agencies nationwide. Is referred to as accumulated depreciation. product. The Internet Corporation for Assigned Names and Numbers (ICANN) uses companies called _____ to handle the business of registering domain names. A financial statement providing information that helps users understand a company's financial status and lists the types and amounts of assets, liabilities, and equity as of a specific date is called a(n): The financial statement that describes where a company's cash came from and how it was spent during the period is the: The financial statement that shows beginning and ending retained earnings balances and the effects of net income (loss) and a dividend for the period is the: Cash investments by owners in exchange for stock are listed on which of the following statements? The Black Lives Matter movement was a phrase that was used in response to the beatings and killings of black individuals. If you were a marketing manager, under which type of organizational structure would you most likely be working if your firm were a large business with centralized marketing operations? If she is starting from monthly sales data, and wishes to get weekly sales data, she should use the ___ feature. To assist them with this, they rely on strategic planning to provide _____. Given P(2, -5), what are the coordinates of $r_{\left(90^{\circ}, 0\right)}(P)$? Which of the following list of events properly reflects the early steps taken in the accounting process? Congress passed the Sarbanes-Oxley Act to. What is the opportunity component of the fraud triangle? D. assessing the adequacy of the Initially records all prepaid expenses with debits to expense accounts. c. aims to uncover insights that will influence organizational decisions. **Which of the following statements is incorrect? The utilization of economic resources by Finn designs and sells screen-printed t-shirts. The morale of an individual on the job is closely tied to job satisfaction and having needs met. The broad principle that requires expenses to be reported in the same period as the revenues that were earned as a result of those expenses is the: The system of preparing financial statements based on recognizing revenues when the cash is received and reporting expenses when the cash is paid is called: Which of the following accounts would not be impacted by adjusting journal entries? Fred Smith, CEO and founder of FedEx, once described the early days of the company, the issues they had to resolve, and the drive and determination that pushed them through the obstacles. What is the only country in the Middle East where the majority of the population is NOT Muslim? E. Adjusting entries affect the cash account. C. A complete record of each transaction in the place from which transaction amounts are posted to the ledger accounts. A relatively high ratio is always desirable. Some common myths and misconceptions around human trafficking are that the people being trafficked know what they are getting into. The Adjustments columns contain entries for the following: Office supplies used during the period, $1,200. a. A. Supervision b. Unearned revenue is reported on the financial statements as: Which of the following assets is not depreciated? Beginning inventory plus net cost of purchases is: B. $$. Suppose a new tech startup wants to define the data model. An important element in the effective application of analytical procedures is the development by the auditor of relevant expectations regarding the client's financial statements. T or F, Most agencies have eliminated the height requirement for law enforcement positions. No more guesswork - Rank On Demand Study with Quizlet and memorize flashcards containing terms like Financial statement ratios support informed judgments and decision making most effectively: A. when viewed for a single year. Castle Lager has just purchased the Jacksonville Brewery. Motivation affects an individual's internal process. B. declining Estimate the regression: Suppose that a rise A. B. \begin{matrix} Refer to merchandise that customers return to the seller after the sale. Investing, making a profit, operating C. Making a profit, operating, borrowing D. Operating, investing, financing E. Investing, making a profit, financing. A company's risk assessment process can consider numerous threats to the computers and networks. T or F, Cubans immigrated to the United States in three waves. and "What is our core competency?" Are the origins of accounting information. B. Jennifer is a programmer who develops malware and deploys it in the computer systems of her organization's competitors so that she can secretly steal data about new product plans and designs, thus gaining a competitive advantage for her organization. Cash, short-term investments, and current receivables. If a company failed to make the end-of-period adjustment to remove the amount earned from the Unearned Management Fees account, there would be: A company records the fees for legal services paid in advance by its clients in an account called Unearned Legal Fees. Employees from different departments within the company may be brought together temporarily in a_______to tackle a specific problem. Which of the following is not a component of a marketing plan? What is the necessary entry to record this transaction? The customer has a friend in Seattle who was just telling her about a new snack Frito-Lay has introduced that is selling rapidly. Managed security service providers primarily help organizations keep pace with _____. The Inn requires guests to make reservations at least two months in advance of their stay. Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Looking To Improve Your Website's Search Engine Optimization? What assumption does the Ricardian model of comparative advantage make in terms of converting resources? Is a collection of all accounts used in a company's information system. a. involve using IS to achieve a competitive advantage. Some of these things include avoiding stepping on a prayer mat/rug with shoes on, speaking softly while people are praying, dressing conservatively (does not matter the gender; shows better respect if followed), and inviting people out of a prayer area to talk to them so as not to interrupt others who might be praying. Compute the Jacksonville Breweries operating income when the denominator-level capacity is (a) theoretical capacity, (b) practical capacity, and (c) normal capacity utilization. E. Debit to Accounts Receivable, credit to Service Revenue. Why is it important for officers to understand what stereotypes and myths exist regarding Latino/Hispanic Americans and how can they combat these views? On December 31, 20X1, all cash was used to reduce accounts payable. Balance Sheet-Credit; Balance Sheet Debit; and Income Statement-Credit. d. interorganizational information system, Common themes in setting organizational strategies include "_____.". Ann's office does not market this product, and at the present knows very little about it. b. The employees of Zingerman's Deli are its ______ customers. The accounting principle that requires revenue to be reported when earned is the: C. Affect both income statement and balance sheet accounts. $$ a) Regardless of how long an offeror states that an offer will be held open, once the offeree rejects it the offer is terminated. Nonverbal communication can be different in many cultures in different ways. In the following situation, determine if it involves a **positive** or **negative externality**. B. Haley's employer has asked her to review tens of thousands of social media posts about their company's products and compile this data into a database. In terms of the characteristics of big data, Haley is dealing with ________. T or F, An example of a secondary dimension is educational level. Sales price. Global data on human trafficking can be relied upon as representing the extent of the problem. Ryan is involved in ___________. Gil Corp. has current assets of $90,000 and current liabilities of $180,000. \text{Capital stock}&200,000&200,000\\ Extent of tests of controls. T or F, The term "U.S. born" describes those who are foreign citizens at birth, but who then immigrated to the U.S. T or F, The majority of Mexican-Americans migrated into the United States before 1910. What year did the FBI develop a National Gang Strategy designed to incorporate the successful investigative and prosecutorial practices for the Organized Crime/Drug Program National Strategy? What kind of nonverbal communication differs across cultures? A _____ network is one in which all network devices are connected to one another through a single central device called the hub node. (T/F), Without copyright or patent protection, a business firm's competitor cannot simply copy the firm's product. What were the objections made by opponents of the In a denial-of-service (DDoS) attack, the perpetrator ____. Analysis of business transactions and events. George is interested in determining the productivity of his organization. \text{Cash}&320,000&380,000\\ \text{Variable cost per book} & \text{\$ 8}\\ Data will zip through a 5G network much faster than through a 4G network because of the 10-fold difference in _____. During the modeling phase of the CRISP-DM method, the team conducting the data mining project ______. Data scientists are a necessary component to ensure an organization's business intelligence and analytics efforts are effective because they _____. Discuss the nature of this lease in relation to the lessor and compute the amount of each of the following items. A customer in a crowded restaurant decides to light a cigarette immediately after finishing her dinner. B. Debit to Cash, credit to Service Revenue. For example, if one was to assume that all terrorists came from a religious affiliation such as Islam, which is heavily observed in countries such as Pakistan, Indonesia, and Bangladesh, then you would be writing off a group of people and putting them into a category of "foreign terrorists". This means your company has an adequate backup process in place. Which of the following is the primary purpose of accounting? C. discover a less expensive type of loan. It is a complete matter of manipulation that these captors use to get labor out of these poor people. Suppose a customer calls Ann's office at Frito-Lay in Atlanta. $80,400 B. The next period's beginning inventory. Liesel is an entrepreneur, and she'd like to publish a Web site for her small business. 3. T or F, According to American Indian philosophy, the earth is sacred and is a living entity. Multiple choice question. Barry's job responsibilities include helping maintain a large database that holds business information from over a dozen source systems, covering all aspects of his company's processes, products, and customers. 1. The director of marketing for 3M tapes tells the rest of the management team, "When it comes to our transparent packaging tape unit, our strategy will be to use funds generated here to support our venture in the industrial bonding market." The value of the assets stolen or damaged due to the cyberattack is considered _____. Joan's organization has just set up a corporate intranet. Which of the following statements is false with regard to the debt ratio? A simple account form widely used in accounting to illustrate how debits and credits work is called a: C. The left side of a T-account is the debit side. Which of the following is the most specific and detailed type of business strategy? He said there were times that the entire board of directors, which was made up of individuals with varying specialties, expertise, and skills, would come together to resolve an issuein his case this usually meant finding a way to get shipments from one point to another by the deadline with very few resources. It is very important for officers to understand these stereotypes and views so they do not allow it to impact their policing or treatment of the individual. Advertising campaigns are another large recruitment strategy, and there are many different areas that are targeted. \text{(b) July-December 2014} & \text{\$ 13.950.000} & \text{174} & \text{20} & \text{505}\\ The development of a general strategy and a detailed approach for the expected nature, timing, and extent of audit refers to: a. What is the difference between GAAP and IFRS presentations of the current assets section on the balance sheet? The term "______" describes measuring and evaluating a firm's quality in products and processes against industry leaders. This adjusting entry results in: Which of the following errors would cause the Balance Sheet columns of a work sheet to be out of balance? Check for autocorrelated errors in this model. \text{Variable cost per book} & \text{\$ 7}\\ What percentage of the first wave of Arab immigrants to the U.S. were Christians? A company had service revenue of $250,000, rent expense of $10,000, utility expense of $3,500, salary expense of $18,500, depreciation expense of $9,000, advertising expense of $4,500, dividends in the amount of $18,000, and a beginning balance in retained earnings of $17,900. Double-entry accounting is an accounting system: B. Study with Quizlet and memorize flashcards containing terms like The primary function of financial accounting is to provide relevant financial information to parties external to business enterprises. Assets created by selling goods and services on credit are: An exchange of value between two entities is called: How would the accounting equation of Boston Company be affected by the billing of a client for $10,000 of consulting work completed? Study with Quizlet and memorize flashcards containing terms like Among the factors an entrepreneur will consider in selecting an organizational form for a business are tax considerations. c. Level of detection risk. The financial statement that reports whether the business earned a profit and also lists the types and amounts of the revenues and expenses is called a(n): C. The types and amounts of assets, liabilities and equity of a business as of a specific date. ___________ strategy determines the means for utilizing resources in the functional areas of marketing, production, finance, research and development, and human resources to achieve the organization's goals. The approach to preparing financial statements based on recognizing revenues when they are earned and matching expenses to those revenues is: Prepaid expenses, depreciation, accrued expenses, unearned revenues, and accrued revenues are all examples of: A. A high-level IS manager has his firm utilize sophisticated information systems to digitally design its products so that design defects can be detected and removed early in the process, reducing development cost. During the load phase of the ETL process, _____. What type of cyberattack is Jennifer involved in? b. a data processing component and a distributed file system. In addition to officers' achieving respect in interaction with all people, a critical goal in officer communication is: What forms the basic technique for problem-solving with multicultural populations? Other Quizlet sets. Multiple choice question. Janelle is helping create a strategic plan for her organization. Bank Management develops its flexible budget on the basis of budgeted per-output-unit revenue and per-output-unit variable costs without detailed analysis of budgeted inputs. What are some of the recruitment strategies for diverse candidates? Would you expect this trend toward a service-based economy to continue? Multiple Choice (T/F), Choosing a business organizational form that limits its B. $24,900, Feedback: 135,000-10,500 = 124,500/5 = $24,900. Which of the following is the appropriate journal entry if a company hires a new employee? Which of the following are uses for peyote? Which product experiences a larger change in \text{(a) January-June 2014} & \text{\$ 13.950.000} & \text{174} & \text{20} & \text{315}\\ This is not true because many people fear being deported and having to be sent back home where their family might be put in danger because the so-called "debt" has not been paid off, the traffickers take the deeds to the land/houses of these families and "own" them. C) is often called the language of business. I'm not sure how to spell it, but I think you know what I mean). c. It may expand his career possibilities. A. The Chinese Exclusion Act in 1882 denied Chinese Laborers the right to enter: What are the dimensions of diversity that influence the personal and professional lives of law enforcement personnel? In a traditional organization, marketing decisions are likely to be, A marketing unit can be organized according to functions, products, regions, and, Key factors in determining the best organizational structure for a marketing unit are the. | Capital invested ($) | 10,000 | 11,000 | The satisfaction or pleasure obtained from consuming a good or service B. Lease receivable at commencement of the lease. At Coast-to-Coast Moving and Van Lines, Ryan is responsible for managing the flow of the company's data, from initial acquisition of new data to deletion of old, outdated data. 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