In making a sales forecast, the business owner can only use his best judgment to determine projected costs and revenues.

a. True

b. False

A lawyer collected $860 of legal fees in advance. He erroneously debited Cash for $680 and credit Accounts Receivable for $860. The correcting entry is

John Daniel opened a medical practice in Sacramento, California, and had the following transactions during the month of January. Jan. 1 The business received $34,000 cash and issued common stock to Daniel.

Parton Company provides its employees with varying amounts of vacation per year, depending on the length of employment. The estimated amount of the current year's vacation cost is $196,800.

Josh bought a bond with a par value of 1,500 from company ABC. The bond pays twenty annual coupons of 90 and matures at the end of twenty years. It is bought and redeemed at par.

What term is used to describe the interest rate charged by the central bank when it makes loans to commercial banks? a) discount rateb) open market ratec) reserve requirementd) Fed rate

Williams Inc. is expected to pay a $5 dividend next year and that dividend is expected to grow at 2.5% every year thereafter. If the discount rate is 11.

Consider the following information attributed to the material management departmentBudgeted usage of materials-handling labor-hours 3,400 Budgeted cost pools: Fixed costs: $146,200 Variable costs: $108,800 (3,400 hours x $ 32 per hour) The company

Sonya is considering launching a daycare center in her community and uses information from the U. S. Census Bureau to determine the number of children who are less than six years old, the number of households with children present, and a breakdown

Why should a student not eat or drink from laboratory equipment?

How would an increase in the price of paper influence the market for college textbooks?