If the direct write-off method of accounting for uncollectible receivables is used, what general ledger account is credited to write off a customer's account as uncollectible?
A) Uncollectible Accounts Expense
B) Accounts Receivable
C) Allowance for Doubtful Accounts
D) Interest Expense
B
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The constraint for the North American supply region is:
A) X11 + X21 + X31 + X34 - 5Y11 - 10Y21 ? 0. B) X11 + X12 + X13 + X14 - 5Y11 - 10Y12 ? 0. C) X11 + X12 + X13 + X14 - 3200Y11 - 4800Y12 ? 0. D) X11 + X12 + X13 + X14 - 5Y11 - 10Y12 = 0.
Maury Slater and Harry Katz operate a clothing store, Maury's Fifth Avenue, as a partnership. They agree that Maury will concentrate on sales and Harry will deal with the wholesalers
Harry tells all his suppliers not to listen to Maury if he should call. While Harry is in Florida for a two week vacation and Maury is minding the store, Joe Feller, the sales representative for Regency Clothes, one of their major suppliers, pays a visit. He leaves with an order for 200 suites, when Harry returns, he tells Joe he won't pay for them. Can Regency sue Fifth Avenue? A) Yes. The indoor management rule applies. B) Yes. Maury had apparent authority to place orders for the partnership C) No. Regency was aware that Maury did not have authority to make orders. D) No. The indoor management rule applies only to corporations. E) Both A and B
The CISG specifically excludes sales of which of the following?
a. Goods bought for personal, family, or household use. b. Ships or aircraft. c. Electricity. d. All of these are specifically excluded.
When interested in examining how one variable changes in relation to another, which of the following descriptive statistics would you want to use?
a.Mean b.Variance c.Correlation d.Standard Deviation