What is the "Two for one rule?"
What will be an ideal response?
Answer: When you can perform two additional repetitions with a given weight on two consecutive training sessions, increase the load.
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When using special journals, the sale of merchandise in exchange for cash would be recorded in the
a. cash receipts journal. b. sales journal. c. cash payments journal. d. accounts receivable ledger.
All of the following are recognized as disadvantages of using telephone interviewing to collect research data EXCEPT:
A) no use of physical stimuli. B) limited to simple questions. C) low quantity of data. D) poor response rate. E) B and C
Allowance for Doubtful Accounts has a debit balance of $800 at the end of the year (before adjustment), and an analysis of accounts in the customers ledger indicates doubtful accounts of $15,000. Which of the following entries records the proper provision for doubtful accounts?
A) debit Uncollectible Accounts Expense, $800; credit Allowance for Doubtful Accounts, $800 B) debit Uncollectible Accounts Expense, $14,200; credit Allowance for Doubtful Accounts, $14,200 C) debit Allowance for Doubtful Accounts, $800; credit Uncollectible Accounts Expense, $800 D) debit Uncollectible Accounts Expense, $15,800; credit Allowance for Doubtful Accounts, $15,800
In a short essay, discuss how the practices of one time charges and cookie jar accounting enable managers to manipulate financial statements or manage earnings.
What will be an ideal response?