Under the direct write-off method, recording an estimate of future uncollectible accounts includes a debit to Bad Debt Expense and a credit to the Allowance for Uncollectible Accounts.

Answer the following statement true (T) or false (F)


False

Under the direct write-off method, future uncollectible accounts are not estimated.

Business

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Temporary differences arise when revenues or gains are included in pretax financial income Prior to the Time After the Time They Are Included in They Are Included Taxable Income in Taxable Income I. Yes Yes II. Yes No III. No Yes IV. No No ?

A) I B) II C) III D) IV

Business

For this question, please use the standard normal distribution table, Table A2. It has been estimated that the mean time required to complete a project is 20 weeks and the variance of project completion time is 9 weeks. What is the probability that the project will be completed in 23 weeks?


Table A2

A) 34%
B) 50%
C) 68%
D) 84%

Business

Which of the following statements is false?

a. Because there is one single way to segment a market, managers must consider several variable or characteristics that could be used to identify segments. b. Surveys of customers are used to gather data about various aspects of the market. c. Statistical techniques are applied to the survey data to define the market segments. d. Market segmentation separates consumers of a product into different groups in such a way that members of each group are similar to each other and there are differences between groups.

Business

The sample unit refers to the basic level of investigation; this could be a person, household, or supermarket.

a. true b. false

Business