The data below is for Music Corporation for 2016. Accounts receivable—January 1, 2016 $236,000 Credit sales during 2016 820,000 Collections from credit customers during 2016 590,000 Customer accounts written off as uncollectible during 2016 8,000 Allowance for doubtful accounts—January 1, 2016 8,700 Estimated uncollectible accounts based on an aging analysis 9,600 Refer to the data for Music
Corporation. What is the balance of Accounts Receivable at December 31, 2016?
a. $336,000
b. $448,400
c. $458,000
d. $466,000
c
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______ policies are designed to improve work outcomes for underrepresented groups by providing them with extra help in the employment process.
a. Equal employment b. Valuing diversity c. Affirmative action d. Inclusion focus
What type of situation requires an ethical leadership style?
a. when the organization’s culture is ethically compromised b. when a manager is authoritarian, as this style is associated with the most ethical problems c. situations in which authority is primarily delegated d. all situations, regardless of a manager’s leadership style
Clyde realizes that to improve sales he needs to fully understand the services and value offered by E-Z Clean and other laundromats in the area. Which of the following would be the LEAST useful resource for Clyde?
A) competitors' Websites B) competitors' press releases C) appliance brands used by the competition D) marketing materials used by the competition E) pricing and service structures of the competition
Under the perpetual inventory system, Village Fabrics purchased 25 yards of blue plaid fabric at a cost of $2.00 per yard on June 1; on June 3, 22 yards were sold of the blue plaid; a new shipment came in with 25 more yards at a cost of $1.25 per yard on June 5; on June 15, 17 yards of the blue plaid fabric were sold; Village Fabrics purchased another 25-yard bolt at a cost of $1.00 per yard on
June 19; on June 27, 11 more yards had been sold. What is the value of inventory as of June 30 under the LIFO method? a. $25.00 b. $31.25 c. $30.00 d. $35.00