Caudill Sales Company made most of its sales on credit during its first year of operation, 2014. At the end of the year, accounts receivable amounted to $100,000. On December 31, 2014, management reviewed the collectible status of the accounts receivable. Approximately $6,000 of the $100,000 of accounts receivable were estimated to be uncollectible. As per the accounts receivable aging method the
adjusting entry that would be made on December 31 of that year is:
A) Uncollectible Accounts Expense 6,000 Accounts Receivable 6,000
B) Allowance for Uncollectible Accounts 10,000 Uncollectible Accounts Expense 10,000
C) Uncollectible Accounts Expense 6,000 Allowance for Uncollectible Accounts 6,000
D) Allowance for Uncollectible Accounts 10,000 Accounts Receivable 10,000
C
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Which of the following is the least important factor in determining whether an employee votes "yes" in a union election?
A. Frustration or dissatisfaction with current working conditions. B. The belief that the union can help improve working conditions. C. Demographics of the employee (i.e., age, gender). D. Attitude of the employee to unions in general.
Jobs designed by scientific management:
A. included tasks that were designed in a manner that a worker is required to deliberate. B. were too narrow and limited in the number of tasks and activities assigned to each worker. C. consisted of different activities to overcome the boredom of overspecialized work. D. required workers to calibrate and define each task carefully.
On January 1, 20X7, Pisa Company acquired 80 percent of Siena Company by purchasing 40,000 shares of Siena's common stock. There was no differential related to this transaction. The noncontrolling interest had a fair value equal to 20 percent of book value. The book value of Siena on December 31, 20X7 was as follows: Common Stock ($10 par value)$500,000 Retained Earnings 350,000 Total$850,000 On January 1, 20X8, Pisa purchased an additional 12,500 shares directly from Siena for $25 per share.Based on the preceding information, what is Pisa's new ownership interest?
A. 84 percent B. 64 percent C. 70 percent D. 55 percent
To design a successful global information system (GIS), management of a company:
A) should not assume that customers' preferences will not change. B) should assume that consumer needs will remain the same. C) should not assume that the company's products will sell at varying rates. D) should assume that the company will not lose competitive advantage.