Using a perpetual inventory system, the entry to record the return from a customer of merchandise sold on account includes a

A) credit to Customer Refunds Payable
B) debit to Inventory
C) credit to Inventory
D) debit to Cash

Which method would you recommend the Canadian Armed Forces use to decrease driving accidents associated with its armoured vehicle units?

A) role play
B) lecture
C) simulation
D) behaviour modelling

By definition,discontinued operations will not generate future cash flows thus transactions related to operations the firm intends to discontinue,or has already discontinued,must be reported separately from other income items on the income statement.

Mike is a stock broker and financial planner. Phil is one of Mike's clients. Phil prefers to meet with Mike just once a year to review his investment portfolio. At their most recent meeting, Phil stated he believes the stock market is going to decline in value over the next six months. Thus, Phil instructed Mike to sell every stock he owns that is currently worth more than what he paid to purchase it. Phil also instructed Mike to retain any stock that would create a capital loss if sold. Phil is displaying the behavior known as:

A) Over-confidence.
B) Arbitrage theory.
C) The disposition effect.
D) The house money effect.
E) A confirmation bias.

Of the six behaviors stated in the textbook that change perceived inequity, an attempt to change outcomes means that employees might try to get better outcomes for their efforts.

You are considering investing in ABC, Inc.'s stock which is selling at $45.95. Similar stocks return 16%. ABC's last dividend ABC was $4.50 and a 6% constant growth rate is anticipated. Should you purchase ABC, Inc.?

A) No, because the stock is overpriced by $1.75.
B) No, because the stock is overpriced by $3.85.
C) Yes, because the stock is underpriced by $1.75.
D) Yes, because the stock is underpriced by $3.85.