The percent of sales method of estimating bad debts focuses more on the realizable value of accounts receivable than on expense recognition.
Answer the following statement true (T) or false (F)
False
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All of the following are types of direct marketing except
A. catalog marketing. B. direct-response marketing. C. direct selling. D. television home shopping. E. online retailing.
Answer the following statements true (T) or false (F)
1. When valuing intangible property, all of the intangible assets are included in the calculation. 2. Fair market value is the value at which an asset will change hands when the exchange is between a willing buyer and a willing seller when neither is acting under compulsion and both have a reasonable knowledge of relevant fact. 3. The longer the forecast period, the more accurate will the forecast be. 4. Intangible property cannot be valued. 5. The Weighted Average Cost of Capital (WACC) can be used to discount all of the firm’s cash flows.
On January 1, a company issued a $500,000, 10%, 8-year bond payable, and received proceeds of $473,845. Interest is payable each June 30 and December 31. The total interest expense on the bond over its eight-year life is $400,000.
Answer the following statement true (T) or false (F)
When faced with an intercultural ethical dilemma, you should ask yourself if the action is legal, if you can rule out a better alternative, if a trusted advisor would agree, and ________.?
A) ?if there is money to be made B) ?how your decision will benefit your company C) ?if you would do it if you were on the opposite side D) ?if religious beliefs are involved