Ready Corporation's accounts receivable balance after posting net collections from customers for 2012 is $190,000. Management feels that uncollected accounts should be based on the following aging of accounts receivable and uncollected percentages. There are $120,000 that are 1 to 30 days past due at 3% and $70,000 that are 31 to 60 days past due at 8%. The net realizable value of the accounts
receivable is:
A) $184,400
B) $186,400
C) $190,000
D) $180,800
D
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__________ is the process of increasing the number of tasks in a job to increase variety and motivation.
A. Job rotation B. Job design C. Job development D. Job enlargement E. Job enrichment
On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Klein uses the perpetual inventory system and the gross method of accounting for sales. The journal entry or entries that Klein will make on March 12 is (are):
A.
| Accounts receivable | 7,800 | |
| Sales | 7,800 | |
| Cost of goods sold | 4,500 | |
| Merchandise Inventory | 4,500 |
B.
| Sales | 7,800 | |
| Accounts receivable | 7,800 | |
| Cost of goods sold | 4,500 | |
| Merchandise Inventory | 4,500 |
C.
| Sales | 7,800 | |
| Accounts receivable | 7,800 |
D.
| Accounts receivable | 7,800 | |
| Sales | 7,800 |
E.
| Accounts receivable | 4,500 | |
| Sales | 4,500 |
What are the different sets of benefit programs that are common in U.S. companies? Please list and explain the purpose of each set of benefit programs. Be sure to give examples of each.
What will be an ideal response?
The money that an artist gets per CD:
A. Net artist royalty rate B. Gross artist royalty rate C. Base royalty rate D. SRLP