The main purpose of the Fair Debt Collection Practices Act is to ensure that creditors are always paid by debtors.?
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False
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Tanning Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $300,000 and credit sales are $1,000,000. An aging of accounts receivable shows that 5% will be uncollectible. What adjusting entry will Tanning Company make if the Allowance for Doubtful Accounts has a credit balance of $2,000 before adjustment?
A) Bad Debts Expense 13,000Allowance for Doubtful Accounts 13,000 B) Bad Debts Expense 15,000Allowance for Doubtful Accounts 15,000 C) Bad Debts Expense 13,000Accounts Receivable 13,000 D) Bad Debts Expense 15,000Accounts Receivable 15,000
Why is the ability to track purchases by song mix so important for Ferrante's clients?
A) Ferrante sells cheaper custom mixes than standard soundtracks available from other vendors. B) It allows the clients to shape the store brand with music. C) It gives them information on their competitor's products and services. D) It allows them to increase sales by playing the songs that stimulate purchases. E) It requires them to play certain songs no more than a few times in a shift.
The fact that people around the world can watch MTV, wear Levi’s, or eat at Pizza Hut points primarily to ______.
a. the ability of consumers to buy products or services from firms, regardless of where the firms or the customers are located b. economies of scale in production c. the increase in global offshoring d. the increase in global outsourcing
The characters and the names of a movie may be registered as collective marks
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