The primary reason for documenting the views of employees and supervisors on compensable factors is to meet the requirements of the Equal Pay Act.
Answer the following statement true (T) or false (F)
False
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Age the receivables and determine the estimated balance of the Allowance for Bad Debts account: Not yet due: $24,000, 1% uncollectible; 1-60 days past due: $6,000, 4% uncollectible; 61-180 days past due: $2,000, 25% uncollectible; Over 180 days past due: $400, 60% uncollectible
a. $24,000 b. $300 c. $1,120 d. 1,650 e. None of the above
If the net present value of an investment is negative, then:
A) the present value of the cash inflows is greater than the present value of the cash outflows. B) the discount rate is negative. C) the actual rate of return is less than the discount rate used. D) increasing the cost of the investment will change the net present value to a positive number.
Remedies available to the FTC for violations of unfair and deceptive trade practices include:
a. affirmative disclosure. b. corrective advertising. c. multiple product orders. d. All of these.
The two main reasons for criticism of promotional activities are that promotion
A. has some flaws, and it is deceptive. B. is deceptive, and it causes prices to rise. C. pervades our daily lives, and it creates needs in us. D. creates needs in us, and it encourages materialism. E. has some flaws, and it pervades our daily lives.