All members of an industry are bound to follow trade association guidelines.
Answer the following statement true (T) or false (F)
False
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The 2013 year-end balance in Accounts Receivable, Gross, for Healthy Lawn Maintenance is $1,085,000 An aging of these accounts receivable shows that the estimated uncollectible amount is $24,200 . Before aging the accounts, the Allowance for Uncollectibles has a debit balance of $15,000 from writing off actual accounts during 2013 . Healthy Lawn Maintenance would record the following adjusting
entry at the end of 2013 to obtain a credit balance in the Allowance for Uncollectibles of $24,200: a. Bad Debt Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,200 Allowance for Uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,200 b. Allowance for Uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,200 Bad Debt Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,200 c. Allowance for Uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39,200 Bad Debt Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39,200 d. Bad Debt Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39,200 Allowance for Uncollectibles . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . 39,200 e. Allowance for Uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000 Bad Debt Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000
Empathic writers A) use more first-person pronouns than second-person pronouns in their messages
B) try to give something to the receiver. C) think about their needs before the receiver's needs. D) All answer choices reflect techniques used by empathic writers.
Group decision making is particularly helpful in
A) gaining acceptance and commitment for a decision. B) avoiding conformity in thinking. C) arriving at quick decisions. D) ensuring that everybody makes a fair contribution.
As a farmer, Charles Forsythe is familiar with the economics of perfect competition. How is the price at which he sells his corn determined?
A. It is determined by Charles because he has the product that many people want. B. The price is determined by combining the actions of all buyers and all sellers together. C. The price he will receive is primarily determined by the buyer at the local grain bin. D. The government sets the price of the corn to level the playing field for everyone. E. The price will be approximately 25 percent higher than what other farmers are selling the same corn for because Charles is an astute businessperson.