Employment contracts have an implied morals clause
Indicate whether the statement is true or false
FALSE
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Machine setup is normally considered a unit-level cost
Indicate whether the statement is true or false
Over time, most contracts are:
A) Executory at one time and executed at another time. B) Implied at one time and express at another time. C) Bilateral at one time and unilateral at another time. D) Valid at one time and void at another time.
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$440,000?DebitAllowance for Doubtful Accounts 1300?CreditNet Sales 2,150,000?CreditAll sales are made on credit. Based on past experience, the company estimates 3.0% 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 $6450; credit Allowance for Doubtful Accounts $6450. B. Debit Bad Debts Expense $13,200; credit Allowance for Doubtful Accounts $13,200. C. Debit Bad Debts Expense $14,500; credit Allowance for Doubtful Accounts $14,500. D. Debit Bad Debts Expense $11,900; credit Allowance for Doubtful Accounts $11,900. E. Debit Bad Debts Expense $16,450; credit Allowance for Doubtful Accounts $16,450.
In which B2B buying situation does a buyer or buying organization purchase additional product units, service subscriptions, or both as per previously purchased?
A. adapted buys B. ordinary rebuys C. straight rebuys D. minor buys E. generic buys