When a previously written-off account is recovered in the same accounting period, under the direct write-off method, which of the following entries is required to reinstate the account?
a. debit Accounts Receivable and credit Cash; b. debit Cash and credit Bad Debt Expense; c. debit Cash and credit Accounts Receivable; d. debit Accounts Receivable and credit Bad
Debt Expense; e. debit Bad Debt Expense and credit Cash
D
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Group technology (GT) ______.
A. addresses the need for product variety B. facilitates mass consumption C. increases the cost per unit of product D. eliminates the need for quality control
Which of the following statements is CORRECT?
A. The after-tax cost of debt usually exceeds the after-tax cost of equity. B. For a given firm, the after-tax cost of debt is always more expensive than the after-tax cost of non-convertible preferred stock. C. Retained earnings that were generated in the past and are reported on the firm's balance sheet are available to finance the firm's capital budget during the coming year. D. The required return on debt used in calculating a firm's WACC should be based on the debt's current required return even if it is higher than the debt's coupon rate. E. The WACC is calculated using before-tax costs for all components.
Under which of the following circumstances will the NLRB allow the union to hold an election?
A) If the union has engaged in unfair labor practices B) If an election has been held within the last year C) If the union can show that at least 30 percent of the employees are interested in joining the union D) If the employees have a union and a valid contract with the employer E) In C and D only
Intellectual property rights are the tangible property owned by a firm.
Answer the following statement true (T) or false (F)