A(n) ________ uses cash or stock award if specific goals are achieved.
A. restricted stock plan
B. performance share plan
C. incentive stock option
D. nonqualified stock option
Answer: B
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Alimony that is ordered by the court to be paid by one divorcing spouse to the other divorcing spouse for a limited period of time is known as ________
A) rehabilitation alimony B) lifetime alimony C) life estate D) intestacy allowance
Regal Marine:
A) no longer builds boats with any wooden parts. B) has replaced all human labor with robots. C) treats the product design decision as critical to its success. D) gets its competitive advantage by being the low-cost producer of boats designed by others. E) designs several new boats each year, but contracts other firms for their manufacture.
At a local fast food joint, cars arrive randomly at a rate of 12 every 30 minutes. Service times are random (exponential) and average 2 minutes per arrival. The average time in the queue for each arrival is
A) 2 minutes. B) 4 minutes. C) 6 minutes. D) 8 minutes. E) 10 minutes.
On December 31, of the current year, Spectrum Company's unadjusted trial balance revealed the following: Accounts receivable of $185,600; Sales Revenue of $1,280,000; (75% were on credit), and Allowance for Doubtful Accounts of $1,600 (credit balance).Prepare the adjusting journal entry to record Spectrum's estimate for bad debts assuming:1. 6.0% of the accounts receivable balance is assumed to be uncollectible.2. Bad debts expense is estimated to be 1.5% of credit sales.3. Show how Accounts Receivable and the Allowance for Doubtful Accounts would appear on the balance sheet after adjustment assuming the percentage of sales method is used.4. Prepare the entry to write off a $1,500 account receivable on January 1 of the next year.5. Show how Accounts Receivable and the Allowance for
Doubtful Accounts would appear on the balance sheet immediately after writing off the account in part 4 assuming the percentage of sales method is used. What will be an ideal response?