The owner's equity in a business had a $30,000 balance at the beginning of the year. At the end of the year, the balance was $43,000 . During the year, the owner withdrew $4,500 and made no additional investments. The net income for the year was
a. $4,500; b. $8,500; c. $17,500; d. $22,500; e. $43,000
C
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The purpose of an import quota is to ________
A) eliminate competition for a nation's domestic industries B) increase competition for a nation's domestic industries C) reduce competition for a nation's domestic industries D) make foreign competitors' goods less expensive than domestic goods E) make foreign competitors' goods more expensive than domestic goods
________ e-commerce is the online exchange between companies and individual consumers
A) B2B B) B2C C) P2P D) C2C E) C2B
Human resources management is especially concerned with ______ penetrating company computer systems that have sensitive employee information on them.
A. outsiders B. internals C. Type As D. loafers
On December 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable, debit balance of $95,250; Allowance for Doubtful Accounts, credit balance of $921. What amount should be debited to Bad Debts Expense, assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible?
A. $5,715. B. $5,770. C. $5,660. D. $4,794. E. $6,636.