There are two approaches that management can use to estimate the amount of credit sales that would prove to be uncollectible, they are the _____. Over time, the two methods, correctly used, will give the same cumulative income and asset totals. U.S. GAAP and IFRS do not require firms to use one or the other, and some firms use both methods
a. gross amount of sales procedure and the aging-of-accounts-receivable procedure.
b. percentage-of-sales procedure and the aging-of-accounts-receivable procedure.
c. percentage-of-cost of good sold procedure and the amount of accounts-receivable procedure.
d. percentage-of-cost of good sold procedure and the aging-of-notes-receivable procedure.
e. gross amount of sales procedure and the amount of accounts-receivable procedure.
B
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Which of the following statements is true about the Hispanic consumer market?
a. The United States' Hispanic consumer market is now larger than all world economies. b. Hispanics prefer purchasing local products than their native products. c. Over the last decade, the largest growth in the Hispanic population has come from immigration, not births. d. Hispanics accounted for most of the population growth in the 2010 Census.
The duty of care for managers and members includes the duty not to usurp the LLC's (limited liability company's) opportunities
Indicate whether the statement is true or false
An employee may quit and then use information he learned at the company to compete with the company, unless there was some unfair competition or trade secret involved
a. True b. False Indicate whether the statement is true or false
What are ethical issues in contracting? Discuss.
What will be an ideal response?