Which of the following is a service-based business? (Select the best answer.)

Question 1 options:

A house cleaning company

A cupcake shop

An online clothing store

A shoe store

If a mining company extracts 1,500,000 tons in a period but only sells 1,200,000 tons, total depletion on the mine is based on the 1,200,000 tons. depletion expense is recognized on the 1,500,000 tons extracted.

Under the periodic inventory system, in addition to making the entry to record a sale, a company would A. Debit merchandise inventory and credit cost of goods sold. B. Debit costs of goods sold and credit merchandise inventory. C.

Read the information about two competing credit cards. Credit Card 1 Credit Card 2 Interest rate 0% introductory rate, then 13.8% after one year 12.

Quality, personal attention, leadership, and respect are examples of what? A. A company's values B. A company's mission statement C. A company's elevator pitch D. A company's employee morale

Bridgeport Corp. has these accounts at December 31: Common Stock, $10 par, 4,800 shares issued, $48,000; Paid-in Capital in Excess of Par Value $18,300; Retained Earnings $43,300; and Treasury Stock, 430 shares, $9,460.

According to the federal Administrative Procedure Act, an agency is any governmental authority besides Congress and the courts. Which function does not fall under the category of what an agency does?

A supplier to Toyota stamps out parts using a press. Changing a part type requires the supplier to change the die on the press. This changeover currently takes four hours. The supplier estimates that each hour spent on the changeover costs $250.

A company issued a short-term note payable to a bank with a stated 12 percent rate of interest. The bank charged a. 5% loan origination fee and remitted the balance to the company.

Which best describes how a recession develops as demand and production decrease The recession enters a recovery period. The recession slows. The recession accelerates. The recession starts and stops.

Closing entries are Question 13 options: a. an optional step in the accounting cycle. b. posted to the ledger accounts from the worksheet. c. made to close permanent or real accounts. d. journalized in the general jou