In a seller's accounting records, ________ are promises of payment waiting to be received from customers.
Fill in the blank(s) with the appropriate word(s).
Accounts receivable
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Outside influences for change in organizations, such as competitors’ actions and customers’ changing preferences are called ______.
A. external forces B. interior pressures C. internal forces D. exterior pressures
For a construction firm using the completed-contract method, if costs exceed billings on some contracts by $1,000,000 and billings exceed costs by $800,000 on others, the contracts should ordinarily be reported as a
a. current asset of $200,000. b. current liability of $200,000. c. current asset of $1,000,000 less a contra-current asset of $800,000. d. current asset of $1,000,000 and a current liability of $800,000.
Dr. Beswick was writing questions for a test, but found herself listening to reggae music coming from an adjoining office, and thinking about her upcoming trip to the Caribbean. She is experiencing
A. mindfulness. B. attention delinquency. C. PsyCap. D. positive deviance. E. attentional deficit.
Under the Uniform Commercial Code, it is possible for a nonmerchant to be liable on a contract
for the sale of goods of $500 or more without having signed any writing. Indicate whether the statement is true or false