The debit balance in cash short and over at the end of an accounting period is reported as

When a company uses LIFO for external reporting purposes and FIFO for internal reporting purposes, an Allowance to Reduce Inventory to LIFO account is used.

A company has had stable sales and production for several years. Next year, sales are expected to increase by at least 50%.

Which of the following is a true statement about closing the books of a corporation? A) Expenses are closed to the Expense Summary account. B) Only revenues are closed to the Income Summary account.

The gain from international trade is: a. increased employment in the domestic export sector. b. more goods than would be attainable through domestic production alone. c. tariff revenue. d. increased employment in the domestic import sector.

What do people supply in return for factor payments? A. Innovation, profit, or goods B. Land, labor, or capital C. Services, goods, or traditions D. Innovation, labor, or trade

On the day of the interview, make sure to do which of the following? A. Plan what you want to wear. B. Arrive 10 to 15 minutes early. C. Bring a friend to vouch for your qualifications. D. All of the above

A pharmaceutical company wanted to estimate the population mean of monthly sales for their 250 sales people. Forty sales people were randomly selected. Their mean monthly sales was $10,000 with a population standard deviation of $1000.

What motivates high school students to join professional organizations? A. getting higher credits B. participating in competitive events C. getting scholarships to further their education D. paying lower membership dues

Google: What does it take to be successful?

The sales manager believes at 10% increase in variable unit selling expense well increase sales volume. if the sales volume increases by 28.5% what will be the change in net operating income? Is this a good idea, why or why not?