In a purchasing process, receiving goods, but not a vendor invoice, from a supplier typically results in an update to all of the following data stores except the:
a. inventory master data
b. vendor master data
c. accounts payable master data
d. purchase order master data
C
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What does business risk include?
a. Economic factors. b. Competitive factors. c. Regulatory risk. d. All of the above.
A company uses the aging of accounts receivable method to estimate its bad debts expense. On December 31 of the current year an aging analysis of accounts receivable revealed the following: Account AgeBalanceEstimated Uncollectible PercentageCurrent (not yet due)$620,0000.5%1-30 days past due270,0002.0%30-60 days past due145,0008.0%61-90 days past due55,00020.0%90-120 days past due32,00050.0%Over 120 days past due18,00070.0%Total$1,140,000?Required:a. Calculate the amount of the Allowance for Doubtful Accounts that should be reported on the current year-end balance sheet.b. Calculate the amount of the Bad Debts Expense that should be reported on the current year's income statement, assuming that the credit balance of the Allowance for Doubtful Accounts on January 1 of the current year
was $41,000 and that accounts receivable written off during the current year totaled $43,200.c. Prepare the adjusting entry to record bad debts expense on December 31 of the current year.d. Show how Accounts Receivable will appear on the current year-end balance sheet as of December 31. What will be an ideal response?
Under conditions of perfect capital markets, M&M suggest that the average cost of capital for the firm will ________ with the ________ of debt
A) decrease; addition B) remain the same; addition C) increase; reduction D) increase; addition
User authentication is the fundamental building block and the primary line of defense
Indicate whether the statement is true or false.