The Fair Debt Collections Practices Act applies to both commercial and consumer debt
Indicate whether the statement is true or false
False
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If a company uses the allowance method to account for bad debts, when will the company's owners' equity decrease?
a. At the date a customer's account is written off b. At the end of the accounting period when an adjusting entry for bad debts is recorded c. At the date a customer's account is determined to be uncollectible d. When the accounts receivable amount becomes past due
In preparing adjustments on the work sheet, which of the following accounts most likely would be added to the Account Name column?
a. Telephone Expense b. Retained Earnings c. Income Taxes Payable d. Accumulated Depreciation–Equipment
Jack and Jill (Scenario)Jack Jones and Jill Smith are both managers at a medium-sized medical supply firm. Jack emphasizes to his people that the work must be done, regardless of circumstances, and encourages his employees to meet their sales quotas. He is generally liked, but because sales are unstructured, sometimes his employees resent his rather heavy-handed approach. Jill has tried hard to build a good rapport with her employees and knows each of their families. She encourages her employees to work hard, but to be certain to take time out for themselves and their families.Which of the following would be assumed by Fiedler's contingency model about the leadership styles of Jack and Jill?
A. Their leadership styles can be adjusted to fit the situation. B. Their leadership styles are fixed, regardless of the situation. C. Jill's leadership styles can be classified as selling. D. Jack's style is well suited for unstructured tasks.
Answer the following statements true (T) or false (F)
1. Global suppliers have shorter lead times as compared to the local suppliers. 2. Companies that have implemented postponement strategies have an increased range of customized products. 3. One of the features of managing customer services is the stock on hand. 4. An objective of the establishing customer service objectives is to make them ambitious.