Excluding important negative information about a candidate in a recommendation letter
A) is expected—otherwise no one would be able to get a good job.
B) has led some employers to sue after hiring the candidate and discovering problems.
C) is the only way to prevent the candidate from suing you.
D) is okay, as long as you explain to the candidate that you are doing it.
E) is okay—as long as you add a release from liability clause to the letter.
Answer: B
Explanation: B) Failing to warn future employers about criminal or unethical behavior on the part of a candidate can result in legal problems. For example, if you fail to reveal that a candidate was guilty of sexual harassment while he worked for you, the person's employer may take action against you for being less than forthcoming.
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On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Klein uses the perpetual inventory system and the gross method of accounting for sales. On March 15, Babson returns some of the merchandise. The selling price of the merchandise is $600 and the cost of the merchandise returned is $350. Babson pays the invoice on March 20, and takes the appropriate discount. The journal entry that Klein makes on March 20 is:
A.
| Cash | 4,500 | |
| Accounts receivable | 4,500 |
B.
| Cash | 7,644 | |
| Sales discounts | 156 | |
| Accounts receivable | 7,800 |
C.
| Cash | 7,056 | |
| Accounts receivable | 7,056 |
D.
| Cash | 7,056 | |
| Sales discounts | 144 | |
| Accounts receivable | 7,200 |
E.
| Cash | 7,800 | |
| Accounts receivable | 7,800 |
The direct method of reporting the cash flows from operating activities on the statement of cash flows is the method most widely used in practice
Indicate whether the statement is true or false
Under the False Claims Act, private citizens may sue employers on behalf of the government for fraud against the government
Indicate whether the statement is true or false
Do a brief research on the Internet regarding informal employment in Thailand. Do you agree that educating the workers would help improve their working conditions? If you agree, how could education help? If you disagree, could you suggest any other solutions?
What will be an ideal response?