What is the term used to describe the amount of accounts receivable that is actually expected to be collected?
A. The present value of accounts receivable
B. Uncollectible accounts expense
C. Net realizable value
D. Allowance for doubtful accounts
Answer: C
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When supplies ordered for use in an activity accounted for in the General Fund are received at an actual price that is more than the estimated price on the purchase order, the Encumbrance account is:
A. Debited for the estimated price on the purchase order. B. Credited for the estimated price on the purchase order. C. Credited for the actual price for the supplies received. D. Debited for the actual price for the supplies received.
The dependence effect is based on John Kenneth Galbraith's claim that consumer demand depends on what producers have to sell. In effect, advertising, by creating wants, manipulates consumers and violates their autonomy.
Answer the following statement true (T) or false (F)
Which of the following decisions does a firm need to make as soon as it has identified the activities from the value chain that are bringing the highest added value to their customers?
A. Target low value-adding activities to increase their value. B. Perform some combination of the two. C. Target high value-adding activities to further enhance their value. D. All of these.
Which of the following is true of the Equal Pay Act?
A) It protects both sexes from pay discrimination based on sex. B) Federal workers are covered under the Equal Pay Act. C) Employees cannot bring a private cause of action against an employer for violating the Equal Pay Act. D) An employer who has violated the Equal Pay Act must lower the wages of employees whose wages had been increased.