In what different ways can a lawyer fulfill pro bono obligations?
What will be an ideal response?
A lawyer could engage in pro bono activities by representing parties free of charge or at substantial discounts, or could contribute financially to charitable legal services organizations.
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Confidence intervals may be very narrow when:
A) the sample size is large and variability is low B) the sample size is small and the variability is low C) the sample size is large and the variability is high D) the sample size is small and the variability is high E) the sample size is average and the variability is higher than average
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?
The profit-oriented school of social responsibility argues that businesses should be judged ________
A) on both their profit and non-profit activities B) solely on the basis of economic efficiency and growth C) solely on the unintended impact of their profit-making activities D) on how they do business with their consumers
Management accountability is the manager's responsibility to the various stakeholders of the company to maximize profits
Indicate whether the statement is true or false