In a(n) _________________________, a person pledges to make responsible and moral decisions
Fill in the blank(s) with correct word
code of ethics
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On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $69,000 and $2500, respectively. During Year 2, Kincaid reported $180,000 of credit sales, wrote off $1600 of receivables as uncollectible, and collected cash from receivables amounting to $210,100. Kincaid estimates that it will be unable to collect one percent (1%) of credit sales.What effect will the entry to recognize the uncollectible accounts expense for Year 2 have on the elements of the financial statements?
A. Decrease total assets and increase retained earnings. B. Decrease total assets and net income. C. Increase total assets and decrease net income. D. Increase total assets and retained earnings.
[The following information applies to the questions displayed below.]AccountCompany XCompany YCompany ZCost of goods sold$1,980,000 $4,338,000 $3,234,000 Inventory$ 175,000 $ 295,000 $ 250,500 What is the average number of days to sell inventory for Company Y?
A. 15.3 B. 25.6 C. 23.9 D. 24.8
Rhome Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and sells 4,000 units, its average costs per unit are as follows: Average Cost per UnitDirect materials$5.40Direct labor$3.55Variable manufacturing overhead$1.70Fixed manufacturing overhead$3.00Fixed selling expense$0.60Fixed administrative expense$0.40Sales commissions$1.00Variable administrative expense$0.40If 5,000 units are sold, the variable cost per unit sold is closest to:
A. $13.65 B. $16.05 C. $10.65 D. $12.05
Influencing employees to act (or not act) in a certain way is a primary part of the management function called
A. leading. B. controlling. C. organizing. D. planning.