Which of the following is an important skill for an accounting major?
A) An understanding of online transaction and reporting systems
B) An understanding of product management enterprise systems
C) An understanding of supplier management enterprise systems
D) An understanding of enterprise systems that enhance leadership
E) An understanding of enterprise systems for customer relationship management
A
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A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable$357,000?debitAllowance for uncollectible accounts 520?debitNet Sales 802,000?creditAll sales are made on credit. Based on past experience, the company estimates 0.4% of net credit sales to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?
A. Debit Bad Debts Expense $3208; credit Allowance for Doubtful Accounts $3208. B. Debit Bad Debts Expense $1948; credit Allowance for Doubtful Accounts $1948. C. Debit Bad Debts Expense $1428; credit Allowance for Doubtful Accounts $1428. D. Debit Bad Debts Expense $3728; credit Allowance for Doubtful Accounts $3728. E. Debit Bad Debts Expense $2688; credit Allowance for Doubtful Accounts $2688.
How has the increase in product variety affected the costs of American business?
When presenting, use a conversational style and many contractions, but speak slightly slower than in normal conversation
Indicate whether the statement is true or false
Raine will sometimes take orders from customers, but her primary job is to assist retailers with restocking shelves, setting up displays, providing in-store demonstrates, and giving out free samples. Raine is most like a
A. trade salesperson. B. missionary salesperson. C. technical salesperson. D. inside salesperson. E. consultative salesperson.