An increase in collection efforts by a firm will result in ________ in sales volume, ________ in the investment in accounts receivable, ________ in bad debt expenses, and ________ in collection expenditures
A) an increase; a decrease; an increase; a decrease
B) an increase; a decrease; a decrease; an increase
C) an increase; a decrease; an increase; an increase
D) a decrease; a decrease; a decrease; an increase
D
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Karl Company accrued wages of $7,350 that were earned by employees unpaid at the year-end. Assuming Karl uses reversing entries, which of the following entries correctly reverses the accrued wages at the beginning of the following year?
A. Debit Cash $7,350; credit Wages Expense $7,350. B. Debit Wages Expense $7,350; credit Wages Payable $7,350. C. Debit Wages Payable $7,350; credit Cash $7,350. D. Debit Wages Expense $7,350; credit Cash $7,350. E. Debit Wages Payable $7,350; credit Wages Expense $7,350.
For many of your classroom presentations, you will be trying to persuade your audience to adopt, support, or lobby for policy changes. Using the following list of words, create a question of policy for each word and explain why this would be a question of policy: college loans, attendance policies, and textbook rental.
What will be an ideal response?
A ___________ is a recipe that can be used to produce a product.
What will be an ideal response?
A firm has an expected dividend next year of $1.20 per share, a zero growth rate of dividends, and a required return of 10 percent. The value of a share of the firm's common stock is:
A) $120 B) $10 C) $12 D) $100