When the direct write-off method is used to account for uncollectible accounts, which of the following accounts would not be used?
A. Allowance for Doubtful Accounts
B. Accounts Receivable
C. Bad Debt Expense
D. Notes Receivable
Answer: A
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A company seeking to expand the number of existing products sold to its current markets, would be using a "market-penetration strategy."
Indicate whether the statement is true or false
Robert has been chosen to lead a needed change effort at his organization. The reason for the change is clear to Robert and the other strategic leaders at the organization. Robert has begun articulating the reasons and need for the change and what will happen in the first steps of the change process that will occur. He frequently speaks at employee meetings and gatherings to discuss this message. At these events, he will often tell stories to emphasize and illustrate his points about the need for change. Sometimes, he will appear in other locations via videoconference to reach as many people as possible with his message. Finally, he spends part of each day walking around and talking to various employees about change and answering their questions. Robert is in which of Kotter’s 8 Steps?
a. create a sense of urgency b. communicate and role-model the vision widely c. remove obstacles d. build on the change
Viewing the leader as being “one of us” increases followers’ ______ of the leader due to their social identity with the team.
A. team mental models B. explicit norms C. implicit norms D. positive endorsements
As a company's inventory turnover ratio decreases from one year to the next, they will find that the number of days inventory is held before sale:
A) decreases. B) increases. C) stays the same. D) can not be determined.