If an expense is paid with cash

A. assets will decrease.
B. retained earnings will increase.
C. liabilities will increase.
D. expenses will decrease.

Ans: A. assets will decrease.

Business

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Anthony Delivery Service has a weekly payroll of $32,000. December 31 falls on Tuesday and Anthony will pay its employees the following Monday (January 6 ) for the previous full week

Assume that Anthony has a five-day workweek and has an unadjusted balance in Salaries Expense of $925,000. What is the December 31 balance of Salaries Expense after adjusting entries are recorded and posted? A) $925,000 B) $957,000 C) $944,200 D) $937,800

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What is the purpose of the "marketing intelligence system" subsystem of the marketing information system?

A) to obtain everyday information about pertinent developments in the environment B) to supply collected data that may be accessed and analyzed using tools and techniques that assist managers in decision making C) to gather information generated by internal reports, which includes orders, billing, receivables, inventory levels, stock-outs, among others D) to generate the particular information needed for the specific situation E) to gather information not gathered by the other MIS component subsystems

Business