A good definition for a database is:
A) A collection of related data
B) A piece of software for managing databases
C) A text file with values delimited by commas
D) A card catalogue
A
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Caution should be taken when interpreting a segment margin income statement because:
A) revenues may be based on transfer prices. B) the interactive effects among responsibility centers are generally not clearly captured. C) expenses may be a result of subjective allocation of jointly incurred costs. D) All of the above are correct.
Given below are the daily balances in the accounts of Travel Tips, Inc.. Assuming only one transaction occurred each day, explain the nature of each transaction from June 1 to June 10
Accounts Owner, Cash Receivable Inventory Equipment Payable Capital Bal. $6,000 $3,000 $8,000 $7,000 $4,000 $20,000 June 1 6,000 3,000 8,700 7,000 4,700 20,000 June 2 6,600 2,400 8,700 7,000 4,700 20,000 June 3 5,800 2,400 8,700 7,000 3,900 20,000 June 4 6,900 2,400 8,700 7,000 3,900 21,100 June 5 5,600 2,400 8,700 9,600 5,200 21,100 June 6 5,600 2,400 8,200 9,600 4,700 21,100 June 7 6,100 3,700 8,200 7,800 4,700 21,100 June 8 4,000 3,700 8,200 7,800 4,700 19,000 June 9 3,200 3,700 9,000 7,800 4,700 19,000 June 10 3,200 3,700 9,000 9,500 4,700 20,700