1. Which of the following is an example of an unsystematic risk factor:

a. Inflation unexpectedly increases by two percentage points

b. The global price of oil decreases by $5 per barrel

c. A company wins major contract that is expected to triple its sales

d. Unemployment numbers cause investors to expect a recession soon

e. Congress decreases tax rates for corporations and individuals by 10 percentage points

2. Calendar made a $1200 sale on account. What is the general journal entry to record this transaction?

a. DEBIT: Cash for $1200; CREDIT: Revenue for $1200

b. DEBIT: Revenue for $1200; CREDIT: Cash for $1200

c. DEBIT: Cash for $1200; CREDIT Accounts Receivable for $1200

d. DEBIT: Accounts Receivable for $1200; CREDIT: Revenue for $1200