On September 1, 2015, Excellent Company received an $80,000, 12%, 120-day note from a credit customer wishing to extend its repayment period. On October 1, 2015, thirty days after the note was received, Excellent discounted the note at the bank at 14%. How much cash did Excellent Company receive from the bank?
A) $80,800
B) $80,749
C) $80,288
D) $79,317
C
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When an account has been written off under the direct write-off method in one period and is collected in a subsequent period, the credit to reinstate the account is made to
a. Accounts Receivable. b. Bad Debt Expense. c. Bad Debt Income. d. Uncollectible Accounts Recovered.
Barbara is interviewing for a paralegal position at one of the biggest law firms in the country. During the interview, she is asked a particular question that she refuses to answer. Frustrated by her behavior, the interviewer repeats the question. She refuses to answer it again and says that it violates her rights under equal employment opportunity law. Which question is she most likely being asked?
A. Have you ever been convicted of a crime? B. What organizations or groups do you belong to that you consider relevant to being able to perform this job? C. What is your ancestry? D. What is your complete name? E. Can you meet the requirements of strict work schedules?
The purpose of the purchase order is to
a. order goods from vendors b. record receipt of goods from vendors c. authorize the purchasing department to order goods d. approve payment for goods received
________ is a type of validity that consists of a subjective but systematic evaluation of the representativeness of the content of a scale for the measuring task at hand
A) Content validity B) Criterion validity C) Construct validity D) Coefficient validity E) Type I validity