Timing is especially critical in
a. the new-venture profitability method.
b. marketing.
c. accounting.
d. the economy.
ANSWER: b
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Answer the following statements true (T) or false (F)
1. A change agent is a behavioral sciences consultant who helps organizations deal with old problems in new ways. 2. One of the primary situations in which OD is used is when adapting to mergers. 3. Even when it comes to technology-induced change, OD can be helped by opening communication and dealing with stress. 4. The three steps of the OD process are diagnosis, experimentation, and adaptation.
Twilight Company uses the aging of accounts receivable method to estimate Bad Debt Expense. The balance of each account receivable is aged on the basis of three categories as follows: (1) 1-30 days old, (2) 31-90 days old, and (3) more than 90 days old. Based on experience, management has estimated what portion of receivables of a specific age will not be paid as follows: (1) 3%, (2) 17%, and (3) 30%, respectively.At December 31, 2019, the unadjusted credit balance in the Allowance for Doubtful Accounts was $300. The total Accounts Receivable in each age category were: (1) 1-30 days old, $58,000, (2) 31-90 days old, $16,000, and (3) more than 90 days old, $2,000.Required:a. Calculate the estimate of uncollectible accounts at December 31, 2019. Estimated uncollectible
accounts?b. Prepare the appropriate adjusting entry dated December 31, 2019. NoDateGeneral JournalDebitCredit?????????? What will be an ideal response?
Green Acres Lawn Care provided $600,000 of services to customers during Year 1. All customers paid for the services with credit cards. The company submitted the credit card receipts to the credit card company immediately, and the credit card company paid cash in the amount of face value less a 4 percent service charge.Required:Record the (1) credit card sales and (2) collection of the receivables in the horizontal statements model, below. Show dollar amounts of increases and decreases. For cash flows, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Use NA to indicate that an element is not affected by an event.
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The Foreign Sovereign Immunities Act specifically provides that a foreign state shall be immune from neither federal nor state court jurisdiction if the suit is based on which of the following?
a. A commercial activity conducted in the United States by the foreign state. b. An act that the foreign state performed in the United States in connection with a commercial activity it carried on elsewhere. c. A commercial activity performed outside U.S. borders that directly affects the U.S. d. All of these.