Port cities in California imposed a property tax on cargo containers used by Japanese ships for loading and unloading cargo. The Supreme Court held the tax:
a. constitutional because it was on foreign-owned property
b. constitutional because it was imposed the same on all containers, regardless of ownership c. unconstitutional interference with foreign trade
d. unconstitutional interference with the exclusive federal taxing power e. none of the other choices
c
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The Links Company uses the percent of sales method of accounting for uncollectible accounts receivable. During the current year, the following transactions occurred:Sept 7Links Company determined that the $8,000 account receivable of the Rainier Company was uncollectible, and wrote it off.Oct 15Links Company determined that the $3,500 account receivable of the Olympic Company was uncollectible and wrote it off.Nov 9Rainier Company paid $6,000 of the amount owed to the LinksCompany. Links Company does not expect further collections from the Rainier Company.Dec 31Links Company estimates that 1% of its $1,900,000 of credit sales would be uncollectible.1. Prepare the general journal entries to record these transactions.2. If the balance of the allowance for uncollectible accounts was a
$4,000 credit on January 1 of the current year, determine the balance of the allowance for uncollectible accounts at December 31 of the current year. Assume that the transactions above are the only transactions affecting the allowance for uncollectible accounts during the year. What will be an ideal response?
Costs that preclude product defects resulting from flaws in processing are referred to as ______________________________
Fill in the blank(s) with correct word
Claims related to product warranties, guarantees, or contractual conditions are typically ____ claims
a. persuasive b. inductive c. routine d. negative news
As stated in the textbook, in general, people use which two main bargaining strategies?
a. Distributive and Assimilative bargaining b. Dissemination and Assimilative bargaining c. Distributive and Integrative bargaining d. Dissemination and Integrative bargaining