What organization administers the Malcolm Baldrige National Quality Award?
A. United Nations (UN)
B. National Aeronautical and Space Administration (NASA)
C. National Institute of Standards and Technology (NIST)
D. National Merit Award Administration (NMAA)
Answer: C
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When a company writes off an account receivable using the direct write-off method, the effect of this write-off on the financial statements is to
A) increase the net realizable value of accounts receivable. B) reduce total expenses. C) reduce total assets. D) increase working capital.
Which of the following descriptions is most valid, as it applies to accurate methods of analyzing data?
a. Judge data on the basis of personal consideration. b. Judge data on the basis of the evidence and soundness of research techniques. c. Judge data on the basis of the evidence and on the character and ability of the study's participants. d. Judge data on the basis of findings of similar studies.
On July 1, 2017, Miniature Company has bonds with balances as shown below
Bonds Payable 70,000 Discount on Bonds Payable 3,600 If the company retires the bonds for $71,150, what will be the effect on the income statement? A) loss on retirement of $4,750 B) gain on retirement of $4,750 C) sales revenue of $66,400 D) no effect on net income
Wiley trades in securities on a regional securities exchange. These trades are subject to regulation by
a. the National Securities Markets Agency. b. the Securities and Exchange Commission. c. the Securities Enforcement Remedies Administration. d. the U.S. Department of Justice.