Under the direct write-off method, if an accounts receivable is written off in one accounting period and is collected in the next period, which of the following is required when reinstating the account?
a. a credit to
Accounts Receivable; b. a credit to Bad Debt Expense; c. a credit to
Cash; d. credit to Uncollectible Accounts Recovered; e. none of these
D
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Answer the following statements true (T) or false (F)
1. When Angela, a new nurse was hired at Mercy Hospital, the HR manager gave her a handout containing a chart that showed a family-tree-like pattern of boxes and lines. This document, which shows the formal lines of authority and the organization's official positions and work specializations, at the hospital is called an organization chart. 2. The arrangement of having discrete parts of a task done by different people is known as division of labor. 3. Tom's Hardware has a simple organizational structure. There are no levels of middle management, because all employees report to the owner, Tom, or to his assistant managers. Tom's Hardware has a thin organizational structure. 4. Two advantages of decentralization are that (1) managers are encouraged to solve their own problems, and (2) decisions are made more quickly, increasing the organization's flexibility and efficiency.
Consider Figure 4.1. In the absence of trade, Mexico's producer surplus and consumer surplus respectively equal
a. $120 and $240. b. $180 and $180. c. $180 and $320. d. $240 and $240.
After researching the organization, the industry and the market, what is the next step in preparing for the interview?
A) Ensuring the appropriate business attire is cleaned and pressed B) Thinking about and planning responses for potential questions you will be asked C) Thinking about additional information you need to know from the organization D) Practicing the interview E) Preparing to arrive at the interview
______ describes what occurs when new technologies cause previously successful firms to fail.
a. Dynamic disruption b. Customers’ adoption lag c. Technology paradox d. Innovator’s dilemma