The direct write-off method of determining bad debt expense is usually acceptable for financial reporting purposes
Indicate whether the statement is true or false
F
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Which of the following is a factor contributing to the establishment of an international division for an organization?
A) the need for foreign subsidiaries to be bound within the guidelines of the headquarters B) the need for a single organization unit with complete authority to take decisions C) the top management's commitment to head global operations by a single executive D) the top management's decisions to only respond to situations in the global market
On January 2, 2016, Christopher inherited a trust fund that he could use for college tuition. Christopher hopes to make five equal withdrawals of $40,000 each year for the next five years from the fund that will earn 10% compounded annually. The first withdrawal will be made on January 2, 2017. How much does he need to have invested in the fund on January 2, 2016, to be able to withdraw the
needed amounts each year? A) $151,631 B) $200,000 C) $244,204 D) $268,624
Ben always reaches for the bright blue and yellow box of Ritz crackers when he visits the snack food aisle in the grocery store. He rarely even reads the box or checks the price. Which of the following heuristics is most likely being used by Ben?
A) availability B) representative C) anchoring D) adjustment E) semantic
Incorporators of Maizey Co signed and delivered the corporate charter to the proper office, but due to inefficiencies in the government office, the filing was delayed. During the period between the delivery of the charter and the filing, a promoter of Maizey Co entered a contract for the delivery of goods using the corporate name. The supplier, if it finds out the filing had not been completed
when the contract was entered, may hold the promoter personally liable on the contract. a. True b. False Indicate whether the statement is true or false