Present your business card with both hands when in
a. Africa.
b. Japan.
c. Germany.
d. Russia.
B
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Caudill Sales Company made most of its sales on credit during its first year of operation, 2014. At the end of the year, accounts receivable amounted to $100,000. On December 31, 2014, management reviewed the collectible status of the accounts receivable. Approximately $6,000 of the $100,000 of accounts receivable were estimated to be uncollectible. As per the accounts receivable aging method the
adjusting entry that would be made on December 31 of that year is: A) Uncollectible Accounts Expense 6,000 Accounts Receivable 6,000 B) Allowance for Uncollectible Accounts 10,000 Uncollectible Accounts Expense 10,000 C) Uncollectible Accounts Expense 6,000 Allowance for Uncollectible Accounts 6,000 D) Allowance for Uncollectible Accounts 10,000 Accounts Receivable 10,000
A company established a petty cash fund in November of the current year and experienced the following transactions affecting the fund during November:Nov. 1Established a $200 petty cash fund.5Paid $55 to acquire office supplies.8Reimbursed the company controller for $30 spent on beverages for recruits (entertainment expense).18Paid $45 for postage.20Paid $25 for C.O.D. charges on merchandise inventory, terms FOB shipping point.25Paid $40 for janitorial services.28When sorting the petty cash receipts to replenish the fund, the custodian noted that there was $10 cash remaining.Prepare the journal entries to establish the fund on November 1 and to reimburse the fund on November 28.
What will be an ideal response?
Active Beverages targets the same people who watch the Gravity Games and enjoy skateboarding, in-line skating, mountain biking, and other extreme sports. It makes high-energy drinks for this target market
It does not attempt to make any drinks that are not targeted to this market. Active uses a(n) ________. A) undifferentiated marketing strategy B) filling-out strategy C) cannibalization strategy D) limited-line strategy E) brand extension strategy
On December 31, Strike Company has decided to discard one of its batting cages. The initial cost of the equipment was $215,000 with an accumulated depreciation of $185,000. Depreciation has been taken up to the end of the year. The following will be included in the entry to record the disposal
A) Accumulated Depreciation Dr. $215,000 B) Loss on Disposal of Asset $185,000 C) Equipment Cr. $215,000 D) Gain on Disposal of Asset $30,000