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1- A purchase of supplies on account is recorded in the a. general journal b. cash payments journal c. purchases journal d. revenue journal 2-

1- A purchase of supplies on account is recorded in the

a. general journal

b. cash payments journal

c. purchases journal

d. revenue journal

2- The following is an example of

Current Year Prior Year
Segment Amount Percent Amount Percent
College textbooks $ 78,000 25.0% $ 55,000 18.9%
High school textbooks 129,000 41.3 115,000 39.5
Elementary school textbooks 105,000 33.7 121,000 41.6
Total revenues $312,000 100.0% $291,000 100.0%

a. horizontal analysis

b. percentage analysis

c. product analysis

d. vertical analysis

3- Which of the following is not an area where the Internet is used for business purposes?

a. business cycle management

b. product life-cycle management

c. supply chain management

d. customer relationship management

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