The National Park Service hires Outdoor Play, Inc, to replace outdated playground equipment in a handful of national parks. For this action, an environmental impact statement is most likely
a. prohibited because the action does not affect the environment.
b. required because the action is "federal.".
c. unnecessary because the action is not "major.".
d. voluntary because the action does not affect the environment.
c
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The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts expense, reports the following selected amounts: Accounts receivable$441,000?DebitAllowance for Doubtful Accounts 1310?DebitNet Sales 2,160,000?CreditAll sales are made on credit. Based on past experience, the company estimates 2.5% of ending account receivable to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?
A. Debit Bad Debts Expense $15,400; credit Allowance for Doubtful Accounts $15,400. B. Debit Bad Debts Expense $5400; credit Allowance for Doubtful Accounts $5400. C. Debit Bad Debts Expense $11,025; credit Allowance for Doubtful Accounts $11,025. D. Debit Bad Debts Expense $12,335; credit Allowance for Doubtful Accounts $12,335. E. Debit Bad Debts Expense $9715; credit Allowance for Doubtful Accounts $9715.
Kekiwi Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During January, the company budgeted for 6,900 units, but its actual level of activity was 6,910 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for January:Data used in budgeting: Fixed Element per MonthVariable element per unitRevenue - $39.30 Direct labor$0 $3.10Direct materials 0 18.90Manufacturing overhead 45,900 1.70Selling and administrative expenses 27,000 0.30Total expenses$72,900 $24.00?Actual results for January: Revenue$281,473Direct labor$20,591Direct materials$134,889Manufacturing overhead$57,087Selling and administrative
expenses$28,063?The net operating income in the flexible budget for January would be closest to: A. $40,902 B. $40,784 C. $32,823 D. $32,670
The targeted consumers during the maturing phase of a product life cycle are innovators and early adopters.
Answer the following statement true (T) or false (F)
When you use the direct plan for a bad-news message, you should
A) save any mention of the justification for the closing paragraph. B) include a sincere apology in the first paragraph. C) emphasize the reasons before presenting the negative news. D) state the information in language as positively as possible. E) avoid a friendly closing so you won't seem insincere.