Using an alternative workweek system has been found to increase employee absenteeism and tardiness
Indicate whether the statement is true or false.
F
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Trendy Calendars is a new business. During its first year of operations, credit sales were $40,000, and collections of credit sales were $36,000. One account, $650, was written off. Using the aging-of-receivables method, management calculates $200 as its estimate of uncollectible amounts at year end. Prepare the journal entry to record bad debts expense. Omit explanation.
What will be an ideal response?
Siva has noticed a problem with his team that he manages. He has come up with a theory to explain the problem. He then tests his theory with independent and dependent variables. Siva has used what to help his critical-thinking process?
A. leadership B. the scientific method C. evidence-based management D. the open systems theory
Unearned revenues are recorded by companies that
a. receive money in advance of the performance of a service. b. pay money at the time the performance of a service is complete. c. receive money at the time the performance of a service is complete. d. pay money in advance of the performance of a service.
On January 1, Alistair Manufacturing had a beginning balance in Work-in-Process Inventory of $164,000 and a beginning balance in Finished Goods Inventory of $25,000. During the year, Alistair incurred manufacturing costs of $202,000.
During the year, the following transactions occurred: Job C-62 was completed for a total cost of $140,000 and was sold for $157,000. Job C-63 was completed for a total cost of $181,000 and was sold for $212,000. Job C-64 was completed for a total cost $82,000 but was not sold as of year-end. The Manufacturing Overhead account had an unadjusted credit balance of $24,000 and was adjusted to zero at year-end. What was the amount of gross profit reported by Alistair at the end of the year? A) $48,000 B) $72,000 C) $17,000 D) $31,000