Answer the following statement(s) true (T) or false (F)
One of the most common reasons for acquiring a business is developing more growth-phase products.
ANSWER: True
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Exhibit 22-5 Daniel Company, having a fiscal year ending on December 31, discovered the following errors in 2016: · A collection of $12,000 from a customer for rent related to January, 2017, was recorded as revenue in 2016. · Depreciation was understated by $600 in 2016. · The January 1, 2015, inventory was overstated by $10,000. · The January 1, 2016, inventory was understated by $6,000. ·
Insurance premiums of $2,000 that relate to 2017 were expensed in 2016 when paid. ? Assume no other errors have occurred and ignore income taxes. ? Refer to Exhibit 22-5. Total assets at December 31, 2016, were A) overstated by $1,400. B) overstated by $4,600. C) understated by $4,600. D) understated by $1,400.
Many B2B marketers can take advantage of the ________ of business customers, focusing their sale efforts and perhaps even locating their distribution centers in a single region
A) geographic concentration B) mass media consumption C) multiple requirements D) fluctuating demand E) organizational changes
Bonita Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis. ???DaysPastDue??TotalCurrent1 to 3031 to 6061 to 90Over 90Accounts receivable$110,00068,00017,00010,0008,0007,000Percent uncollectible?1%2%5%8%13%a. Estimate the balance of the Allowance for Doubtful Accounts using the aging of accounts receivable method.b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $550 credit.c. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $300 debit.
What will be an ideal response?
A manager is given notice of a male employee's inappropriate conduct toward a female employee. If the manager does not take timely action against the male employee, the manager is guilty of ________
A) defamation B) negligent supervision C) negligent hiring D) slander