Government supercomputers are capable of reading every e-mail sent, listening to every mobile conversation, reading every text message, knowing every user location, and following every credit card purchase besides tracking every website visited by
Internet users around the globe.
Indicate whether the statement is true or false
TRUE
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The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts expense reports the following selected amounts: Accounts receivable$435,000DebitAllowance for Doubtful Accounts 1,250CreditNet Sales 2,100,000CreditAll sales are made on credit. Based on past experience, the company estimates 3.5% of ending account receivable to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?
A. Debit Bad Debts Expense $15,225; credit Allowance for Doubtful Accounts $15,225. B. Debit Bad Debts Expense $17,350; credit Allowance for Doubtful Accounts $17,350. C. Debit Bad Debts Expense $7,350; credit Allowance for Doubtful Accounts $7,350. D. Debit Bad Debts Expense $16,475; credit Allowance for Doubtful Accounts $16,475. E. Debit Bad Debts Expense $13,975; credit Allowance for Doubtful Accounts $13,975.
The EPA's Final Policy on Penalty Reductions encourages firms to engage in environmental self-auditing
Indicate whether the statement is true or false
When using the objective-and-task method of IMC budgeting for multiple products and services, how often must the process be repeated?
A. when the prior year's budget is exceeded B. once, by each management team member C. never, after the first product/service D. only when a product is removed from the line E. once, for each individual product and service
Discuss the relationship between r2 and adjusted r2
What will be an ideal response?