Goals of ERP include all of the following except
a. improved customer service
b. improvements of legacy systems
c. reduced production time
d. increased production
B
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Regarding accounting for troubled debt, which of the following statements is true?
a. The treatment for troubled debt is the same under both U.S. GAAP and IFRS. b. The settlement of troubled debt results in an economic loss to the debtor because the creditor accepts more than the book value of the debt to settle the debt. c. U.S. GAAP uses a "10 percent rule" to determine whether a gain is recognized by the debtor in a troubled debt situation. d. Because IFRS uses the present value approach to determine the magnitude of the settlement for troubled debt, the magnitude of the new book value of the restructured debt will be lower and the gain recognition will be larger under IFRS.
What is alternative dispute resolution? Discuss the various devices that can be used
Steven, an employee with a newspaper company in New York, was not getting a promotion because he was over 55 years of age. He was also not getting increments in comparison to employees who were thirty years and below. He filed complaint with local EEO agency but they ruled out the discrimination. Now he can file suit directly in:? A) federal court.? B) ?court of appeals
C) ?district court. D) ?bankruptcy courts.
An income statement for Sam's Bookstore for the first quarter of the year is presented below:Sam's BookstoreIncome StatementFor Quarter Ended March 31Sales $950,000?Cost of goods sold 650,000?Gross margin 300,000?Selling and administrative expenses Selling$104,000? Administration 112,000? 216,000?Net operating income $84,000?? On average, a book sells for $50. Variable selling expenses are $4 per book with the remaining selling expenses being fixed. The variable administrative expenses are 3% of sales with the remainder being fixed.The net operating income using the contribution approach for the first quarter is:
A. $224,000 B. $300,000 C. $84,000 D. $195,500