Alpha Corporation owns and controls several retail outlets and is pursuing a strategy called franchising.
Answer the following statement true (T) or false (F)
False
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The amount of uncollectible accounts is adjusted by
a. debiting Factory Overhead and crediting Accounts Receivable. b. debiting Bad Debt Expense and crediting Factory Overhead Applied. c. debiting Factory Overhead and crediting Allowance for Bad Debts. d. debiting Bad Debt Expense and crediting Allowance for Bad Debts.
Using the data given below, calculate the income from unknown sources for years 2 and 3 respectively. Year 1 Year 2 Year 3 Total Assets $252,000 $266,000 $309,000 Total Liabilities 244,000 134,000 64,000 Known Income 30,000 69,000 74,000 Total Living Expenses 17,500 10,800 8,800
a. (i) -3,200; -26,200 b. (i) 65,800; 47,800 c. (i) 76,600; 56,600 d. (i) 69,000; 74,000
Which of the following are the two components of a global marketing strategy?
A. understanding the supply chain and distribution networks in foreign markets B. developing culturally appropriate advertising messages and cultivating "domestic" habits among foreign consumers C. understanding foreign currency fluctuations and developing products that can be priced accordingly D. determining which target markets to pursue and developing a marketing mix to obtain a competitive advantage E. adapting to foreign regulations and targeting as many people as possible
Chisholm Associates uses the indirect method to prepare the operating activities section of the statement of cash flows. The following accounts and balances were drawn from the company's accounting records: Beg. Bal.End. Bal.Accounts receivable $31,100? $41,350? Prepaid insurance 5700? 2350? Accounts payable 25,100? 27,150? Unearned revenue 7500? 5150? Net income for the period was $53,500. What is the net cash flows from operating activities?
A. $51,450 B. $59,200 C. $51,000 D. $46,300