Which of the following is not a U.S. person?
a. Domestic corporation.
b. Citizen of Turkey with U.S. permanent residence status (i.e., green card).
c. U.S. corporation 100% owned by a foreign corporation.
d. Foreign corporation 100% owned by a domestic corporation.
d
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During June 2019, Andy Company had the following transactions:
1. Sales of $185,000 ($142,000 on account, $43,000 for cash). 2. Collections on account, $128,000 3. Write-offs of uncollectible receivables, $1,900 4. Recovery of receivable previously written off, $600. Additional information: Ignore Cost of Goods Sold Andy uses the allowance method for uncollectibles. Andy estimates that 4.50% of its accounts receivable will be uncollectible. On June 1, 2019, the Accounts Receivable balance was $25,000 and the Allowance for Bad Debts had a normal account balance of $1,125. Requirements: a. Prepare the journal entries for the June 2019 transactions. Because the transactions represent a summary of events, use June 30 for all dates. Omit explanations. b. Prepare the June 30, 2019 adjusting journal entry. Omit explanation. c. What is the net realizable value of Accounts Receivable on June 30, 2019 (after the adjusting journal entry has been posted)? Show computations and label your work.
Which of the following is an appropriate guideline to follow when communicating with a cell phone?
A. Remember the person you are with should be the most important person for you to be communicating with. B. Speak louder into a cell phone than you would in other types of phones. C. Always keep your phone in message mode. D. Never ignore a cell phone call. E. Never let your voice mail take the call.
Ashana Vogel, a book salesperson, approaches a prospect with the following words, "Hello, Dr. Stein-your colleague Josh Stockard suggested I contact you concerning our new accounting workbooks." Which of the following would reduce the effectiveness of this approach?
A. Vogel employs a SPIN approach. B. Dr. Stein dislikes the AIDA approach. C. Dr. Stein lacks respect for Josh Stockard. D. Dr. Stein is already acquainted with Vogel. E. Vogel is unable to develop a FAB presentation.
Which of the following statements about histograms is false?
a. The intervals of a histogram do not overlap. b. Every observation is assigned to one and only one class in a histogram. c. The intervals of a histogram are equally wide. d. None of these choices.