________ inventory is the surplus inventory that a company holds to protect against uncertainties in demand, lead-time, and supply
Fill in the blanks with correct word
Safety stock
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The binary logit model commonly deals with the issue of how likely an observation is to belong to each group. It estimates the probability of an observation belonging to a particular group
Indicate whether the statement is true or false
The compensation method is effective in handling a valid objection.
Answer the following statement true (T) or false (F)
Roe Corporation owns 2,000 shares of WRJ Corporation stock. WRJ Corporation has 25,000 shares of stock outstanding. WRJ paid $4 per share in cash dividends to its stockholders. Roe's entry to record the receipt of these dividends is:
A. Debt Long-Term Investment, $8,000; credit Cash, $8,000. B. Debit Cash, $8,000; credit Interest Revenue, $8,000. C. Debit Cash, $8,000; credit Dividend Revenue, $8,000. D. Debit Cash, $8,000; credit Long-Term Investments, $8,000. E. Debit Unrealized Gain-Equity, $8,000; credit Cash, $8,000.
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.