Values are
A. superficial in a society's belief system.
B. static and resistant to change.
C. universally held beliefs and the same across all societies.
D. easily changed and the changes are easily accepted.
E. invested with emotional significance.
Answer: E
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______ culture prefers reserve, formality, and silence and contrasts with Americans, who prefer informality, talkativeness, and assertion?
Fill in the blank(s) with the appropriate word(s).
Hutchison is introducing a series of evolving changes. Which of the following best describes the type of change he is engaging in?
A. radical B. proactive C. incremental D. reactive
On December 31, of the current year, Spectrum Company's unadjusted trial balance revealed the following: Accounts receivable of $185,600; Sales Revenue of $1,280,000; (75% were on credit), and Allowance for Doubtful Accounts of $1,600 (credit balance).Prepare the adjusting journal entry to record Spectrum's estimate for bad debts assuming:1. 6.0% of the accounts receivable balance is assumed to be uncollectible.2. Bad debts expense is estimated to be 1.5% of credit sales.3. Show how Accounts Receivable and the Allowance for Doubtful Accounts would appear on the balance sheet after adjustment assuming the percentage of sales method is used.4. Prepare the entry to write off a $1,500 account receivable on January 1 of the next year.5. Show how Accounts Receivable and the Allowance for
Doubtful Accounts would appear on the balance sheet immediately after writing off the account in part 4 assuming the percentage of sales method is used. What will be an ideal response?
Small claims courts are: A) federal specialty courts
B) also known as probate courts. C) also known as courts of claim. D) part of the state court system.