A Credit Entry

question 73

Multiple Choice

A credit entry:

• A)Increases asset and expense accounts, and decreases liability, stockholders' equity, and revenue accounts.
• B)Is always a decrease in an account.
• C)Decreases asset and expense accounts, and increases liability, stockholders' equity, and revenue accounts.
• D)Is recorded on the left side of a T-account.
• E)Is always an increase in an account.

Differentiate between sales and financial objectives in marketing.

Understand the concept of return on marketing investment and its significance in evaluating business performance.

Appreciate the role of staircase analysis in enhancing sales forecast accuracy.

Understand the physiological and psychological responses to stress and conflict in individuals.

---

Definitions:

Nominal Rate

The stated interest rate of an investment or loan, not adjusting for inflation or the compounding of interest.

Compounded Quarterly

Involves the periodic addition of interest to a sum of money, specifically every three months, resulting in an exponential growth of the amount over time.

Amortization Period

The length of time over which a loan or mortgage is scheduled to be repaid.

Compounded Quarterly

Interest calculated four times a year on both the initial principal and the accumulated interest from previous periods.