The general ledger account for Accounts Receivable shows a debit balance of $50,000. Allowance for Uncollectible Accounts has a credit balance of $3,000. Net sales for the year were $500,000. In the past, 3 percent of sales have proved uncollectible, and an aging of accounts receivable resulted in an estimate of $20,000 of uncollectible accounts receivable. Using the percentage of net sales
method, the entry to record the Uncollectible Accounts Expense would be:
A) Uncollectible Accounts Expense 12,000 Allowance for Uncollectible Accounts 12,000
B) Uncollectible Accounts Expense 15,000 Allowance for Uncollectible Accounts 15,000
C) Allowance for Uncollectible Accounts 18,000 Uncollectible Accounts Expense 18,000
D) Allowance for Uncollectible Accounts 20,000 Uncollectible Accounts Expense 20,000
B
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Roland and Kelly were involved in a car accident in which Kelly was badly injured and had to be hospitalized. After investigation, it was found that Roland's negligence was the cause of the accident
He was duly charged with reckless driving, which is classified as a crime. What action should Roland take to avoid being sued by Kelly, who held him liable for her injuries and subsequent hospital bills? A) enter into a plea of nolo contendere B) plead not guilty and go to trial C) enter into a plea bargain with the government and pay a nominal penalty set by the government D) plead guilty and serve the punishment set by the government as it will serve as the all-binding punishment for the crime
An interviewer who requires the applicant to perform difficult tasks under the pressure of limited time is conducting which type of interview?
a. Stress interview b. Focused interview c. Structured interview d. Group interview
Which of the following is a purpose of the SQL standard?
A) To specify syntax and semantics of SQL data definition and manipulation B) To specify maximum and incomplete standards C) To define every operation for every SQL database D) To permit no degrees of freedom for SQL DBMS
Jamie's company manufactures 3D printers, and his job is to prepare user manuals for the products. Jamie also prepares training material for the workers who are involved in the manufacturing process. With reference to his job profile, Jamie is a ________.
A. server administrator B. programmer C. systems analyst D. consultant E. technical writer