In 1995, Congress enacted the Administrative Dispute Resolution Act to require federal agencies to use arbitration or mediation to resolve disputes

Indicate whether the statement is true or false


False

Business

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On February 1, a customer's account balance of $4000 was deemed to be uncollectible. What entry should be recorded on February 1 to record the write-off assuming the company uses the allowance method?

A. Debit Allowance for Doubtful Accounts $4000; credit Bad Debts Expense $4000. B. Debit Bad Debts Expense $4000; credit Allowance for Doubtful Accounts $4000. C. Debit Bad Debts Expense $4000; credit Accounts Receivable $4000. D. Debit Accounts Receivable $4000; credit Allowance for Doubtful Accounts $4000. E. Debit Allowance for Doubtful Accounts $4000; credit Accounts Receivable $4000.

Business

A general power of attorney limits the agent to those acts enumerated by the agreement

Indicate whether the statement is true or false

Business

As production volume activity increases, variable cost per unit remains constant.

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

Business

Assorting activities involve putting together a variety of products to give a target market what it wants.

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

Business