If cluster analysis is used as a general data reduction tool, subsequent multivariate analysis can be conducted on the clusters rather than on the individual observations

A business paid $9000 to a creditor in payment of an amount owed. The effect of the transaction on the accounting equation was to

A. increase one asset, decrease another asset B. increase an asset, increase a liability c. decrease an asset, decrease a liability D. increase an asset, increase owner's equity

The faster a firm grows, the greater is the shortfall in cash and the firm might borrow funds from the bank on a revolving credit arrangement. Why?

a. Most of the cash outflows for expenses occur before the firm receives the cash inflows from a sale. b. The lag between cash outflows and cash inflows can lead to cash shortfalls. c. Cash disbursements to employees and suppliers precede cash collections from customers. d. all of the above e. none of the above