Hair It Is operates two wellness spas in the Miami area. The company employees work hard to develop long-term
relationships by calling customers to make sure they are satisfied with the recent visit to the spas and hosting free
wellness evaluations. Hair It Is, is using concepts from the:
a. Entrepreneurship Era.
b. Production Era.
c. Relationship Era.
d. Technology Era.
c
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GAAP requires that a company expense all of its research and development costs as they are incurred. ?
Indicate whether the statement is true or false
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable$365,000?debitAllowance for uncollectible accounts 600?debitNet Sales 810,000?credit All sales are made on credit. Based on past experience, the company estimates that 0.4% of net credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared?
A. $3240 B. $3840 C. $860 D. $2060 E. $2640
Which of the following is true of a deed of trust?
A) The legal right of the property is with the creditor until payment. B) The legal rights to possession of real property lie with a trustee. C) The trustor has legal rights to possession of the real property. D) The deed of trust is a two-party instrument.
Dave has been arrested in connection with a recent string of burglaries. While he was in custody, he was shown falsified laboratory results that connected him with the crimes. Based on the false evidence, Dave confessed to the crimes during
interrogation. Dave was then given his Miranda warnings and booked. What constitutional rights may Dave assert to prevent his confession being used against him at trial? Does the state have any defenses available? Discuss fully.