Under federal law, how much time does a union have after the representation election as an exclusive representative to reach a contract for the newly organized workers?

A. 12 months
B. 6 months
C. 3 months
D. 18 months


Answer: A

Business

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The big advantage of price skimming is that it typically discourages or blocks competition from entering a market.

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

Business

Under the allowance method, the write-off of an account as uncollectible affects the income statement

Indicate whether the statement is true or false

Business

A $18 credit to Sales was posted as a $180 credit. By what amount is the Sales account in error?

A. $180 understated. B. $162 overstated. C. $18 understated. D. $162 understated. E. $180 overstated.

Business

When a company makes a change in an estimate that it has used in its financial statements, it should account for the change by

a. retroactively restating all prior financial statements b. treat the change as a cumulative effect change in accounting estimate c. spread the effect of the change over the current and future periods d. companies are not allowed to make changes to estimates

Business