Answer the following statements true (T) or false (F)
1) The percent-of-sales method, used to compute bad debt expense, is also known as the balance sheet approach.
2) The percent-of-sales method calculates bad debts expense as a percentage of net credit sales.
3) The aging-of-receivables method is a balance sheet approach of estimating uncollectible accounts.
4) A company's liquidity can be evaluated by analyzing the company's current assets.
5) Some companies promote and issue their own private label credit cards.
1) FALSE
2) TRUE
3) TRUE
4) TRUE
5) TRUE
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Austin writes programs for a living. He is happy with his company specifically because they allow him to work from anywhere where there is Internet access. He was able to work from home and even when he took his family on vacation. This scenario is an example of
a. Flextime b. Compressed workweek c. Job sharing d. Telecommuting
Solomon breaches his contract with Neal to purchase the 500 pairs of socks he had promised to buy. Neal is able to sell the 500 pairs to Renny for a much lower amount. Neal then sues Solomon for damages. Neal will be able to recover
A. the amount in the liquidated damages clause. B. the difference between Solomon's contract price and the amount paid by Renny. C. Solomon's contract price. D. an amount which depends on whether Solomon intentionally breached because he found cheaper socks somewhere else.
Obtaining primary and secondary data would take place during which step of the five-step marketing research approach?
A. develop findings B. collect relevant information C. take marketing actions D. define the problem E. develop the research plan
Answer the following statement(s) true (T) or false (F)
Wealth creation occurs at the intersection of entrepreneurial and strategic actions.