The ORDER_LINE table in the TAL Distributors database contains information about the date an order was placed
a. True
b. False
Indicate whether the statement is true or false
False
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The reason the allowance method of recognizing bad debts is used is primarily because it recognizes the maximum amount of write-off in each period
a. True b. False Indicate whether the statement is true or false
Misappropriation of assets can involve various schemes: expense reimbursement fraud, lapping, and payroll fraud. Explain each and give an example
Ethan was a professional classical guitar player until a motorcycle accident left him disabled
After long months of therapy, he hired an experienced luthier and started a small shop to make and sell Spanish guitars. The guitars sell for $600, and the fixed monthly operating costs are as follows: Rent and utilities $600 Wages and benefits to luthier 2,200 Other expenses 470 Ethan's accountant told him about contribution margin ratios, and Ethan understood clearly that for every dollar of sales, $0.60 went to cover his fixed costs, and anything above that point was profit. Ethan wishes to earn $5,000 of operating profit each month. Calculate the amount of sales revenue required to achieve the target profit. (Round your answer to the nearest dollar.) A) $5,450 B) $8,175 C) $13,784 D) $20,675
Identify and describe two opportunities and two threats pertaining to the success of small businesses.
What will be an ideal response?