ABC Partnership agrees to hire an "errand runner" 20 hours per week for the summer. Alan, a partner, interviews a college student and decides to offer her the job. But she says she needs a 40-hour-a-week job, so Alan agrees to make it 40 hours. What result?
a. ABC Partnership is not bound to hire her.
b. ABC Partnership is bound to pay her for 40 hours per week.
c. Alan is bound to pay her for 20 hours per week.
d. Alan has to pay her for 40 hours per week.
b
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On January 1, 2019, Triangle Company has the following account balances:
During the year, Triangle has $165,000 of credit sales, collections of credit sales of $143,000, and write-offs of $3000. It records bad debts expense at the end of the year using the aging-of-receivables method. At the end of the year, the aging analysis shows that $2100 is the estimate of uncollectible accounts. Before the year-end entry to adjust the bad debts expense is made, the balance in the Allowance for Bad Debts is ________.
A) a debit of $1700
B) a credit of $4300
C) a zero balance
D) a debit of $3000
When would an advertiser be charged a short rate?
A. If the ad is not ready by the closing date specified by the newspaper publisher. B. If the advertiser wants to use a preprinted insert in addition to a display ad. C. If the newspaper advertiser wants to change an ad after the closing date. D. If the advertiser requests its ads to be placed in a particular section of the newspaper. E. If the advertiser contracts for a full year's worth of advertising and fails to buy it.
Which of the following is true regarding active listening?
A. It shows little respect. B. It encourages more one-way communication. C. It is a powerful tool used by effective salespeople. D. It allows leaders to deliver one message effectively.
Clear Window Cleaners Clear Window Cleaners purchased new cleaning equipment at the beginning of 2011. The equipment has a cost of $53,000, an estimated life of 5 years, and an estimated residual value of $3,000. A full year's depreciation expense is to be recorded in 2011. The equipment was used 20,000 hours during 2011 and 24,000 hours during 2012. The number of expected hours over five years
is 125,000. Refer to the information provided for Clear Window Cleaners. By what amount would double-declining-balance depreciation exceed straight-line depreciation over the 5-year life of the equipment? A) The salvage value of $3,000. B) Cost less total depreciation. C) Cost plus total depreciation. D) Total depreciation expenses under double-declining-balance and straight-line depreciation are equal.