Thatcher Company had a January 1, credit balance in its Allowance for Doubtful Accounts of $4,000 for the current year. The following transactions and events affected the Allowance for Doubtful Accounts during the current year:Apr. 15Bean's account receivable of $2,700 was deemed uncollectible.July 1Cho paid the full amount of a previously written-off account receivable. This receivable of $1,300 had been written off in the prior year.Dec. 31Bad debts expense of $4,500 was recorded.What amount should appear in the allowance for doubtful accounts in the December 31, balance sheet for the current year?
What will be an ideal response?
$4,000 ? $2,700 + $1,300 + $4,500 = $7,100.
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Facebook has hired you to manage its launch team for its new dating app. What would be the highest priority on your list of activities to ensure a successful launch and implementation of this new app?
A. centralizing authority in the hands of a chief strategy implementer so as to create the leadership authority for driving implementation forward at a rapid pace. B. decentralizing authority for performing strategy-critical value chain activities, establishing at least two distinctive competencies, and hiring talented employees. C. staffing the organization, acquiring, developing, and strengthening key resources and competitive capabilities, and structuring the organization and work effort. D. empowering employees, maximizing internal operating efficiency, and optimizing core competencies. E. investing heavily in employee training, using an empowered organization design and organization structure in order to maximize labor productivity, and employing effective incentive compensation systems.
The test for when a court can add an implied term into a contract is the
A) subjective assessment test B) objective assessment test C) reasonable person test D) beyond reasonable doubt test E) officious bystander test
Some professional associations manage customer expectations by offering different membership packages to professionals, students and retirees. What is the term used to describe this practice?
What will be an ideal response?
Concurrent conditions arise when there is both a condition precedent and a condition subsequent.
Answer the following statement true (T) or false (F)