Momentum Products Inc. just recorded an adjusting journal entry for the current year's estimate of bad debts. Assuming all else is equal, this adjusting journal entry will cause:
A. net income to increase.
B. the accounts receivable turnover ratio to increase.
C. total assets to remain unchanged.
D. net accounts receivable to increase.
Answer: B
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Which of the following is not an operating activity?
a. Cash collections from credit customers. b. Cash payments for operating expenses. c. Cash receipts for interest earned. d. Cash payments for dividends to stockholders.
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Indicate whether the statement is true or false
The most likely union avoidance strategy in a paternalistic/strategic organization is:
A. Participatory management. B. Adversarial HR management. C. Union suppression. D. Union substitution.
IBN has two manufacturing facilities, one in New York and one in Oklahoma. Marjorie has worked in the Oklahoma plant for 15 years assembling resistors. Her sister, Ellen, has worked at the same plant for 15 years also. Their brother, Hank, has worked there for 10 years in the same job as his sisters. Ellen transfers to the New York facility. Their salaries are now as follows: Marjorie-$12 per
hour; Ellen-$19.50 per hour; Hank-$14 per hour. Is there a violation of the Equal Pay Act? a. Yes, because Ellen's pay is higher than Marjorie's. b. Yes, because Ellen and Hank receive more per hour than Marjorie. c. Yes, because Hank's pay is higher than Marjorie's. d. No, since they are different people with different personalities.