Fenchurch Corp uses the direct write-off method to account for bad debts. What are the effects on the accounting equation of the entry to record the write-off of a customer's account balance?
a. Assets and liabilities decrease.
b. Assets and owners' equity decrease.
c. Owners' equity decrease and liabilities increase.
d. No effect; assets increase and decrease by the same amount.
b
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Masterson Company's budgeted production calls for 56,000 units in April and 52,000 units in May of a key raw material that costs $1.85 per unit. Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The April 1 inventory for this material is 16,800 units. What is the budgeted materials purchases for April?
A. $106,560. B. $132,460. C. $101,380. D. $72,520. E. $103,600.
________ consists of evaluating each market segment's attractiveness and selecting one or more segments to enter
A) Positioning B) Mass customization C) Market targeting D) Market segmentation E) Differentiation
____ is a service provided by a long distance service provider that delivers the telephone number of the person calling.
A. ANI B. Caller ID C. DNIS D. IID
What is the difference between ISO 9000 and ISO 14000?
What will be an ideal response?