Packaged air conditioning units for areas other than guestrooms are generally installed:
a. in service rooms adjacent to the rooms being served
b. in the central mechanical room of the hotel
c. on the roof
d. through the wall in each of the areas served
Answer: c. on the roof
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Accord Corporation purchased land for $100,000 by making a cash payment of $30,000 and promising to pay the remaining amount in a later accounting period. What is the net effect of this transaction on Accord's accounting equation?
A) assets increase by $100,000 and liabilities decrease by $30,000 B) assets increase by $100,000 and liabilities decrease by $70,000 C) assets and equity increase by $70,000 D) assets and liabilities increase by $70,000
Which of the following is a "for-your-information" message?
A) Telling a colleague about a workshop, you think he will be interested in B) Informing a client about a price increase in your services C) Convincing your customer to extend your deadline D) Announcing the launch of a new product on your website E) Sending a tweet about the positive review of your product in a trade magazine