The write-off of specific customers' accounts has no effect on Accounts Receivable, Net, because the write-off amount decreases Accounts Receivable, Gross, and its contra account, the Allowance for Uncollectibles, by exactly the same amount
Indicate whether the statement is true or false
T
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Along with physical elements, the training context should include emotional elements.
Answer the following statement true (T) or false (F)
ITIL defines a(n) _______ as an unplanned interruption to an IT service or a reduction in the quality of an IT service.
Fill in the blank(s) with the appropriate word(s).
Magnolia Company has identified seven activities as part of its manufacturing process and chosen corresponding activity drivers for each activity. The chart below lists the total cost of each activity, the amount of activity driver used for each of Magnolia's two products, the activity rate, and the activity cost assigned to each product. Fill in the blanks below:ActivityCostActivity DriverDriver UsageActivity RateActivity Cost: Prod. 1Activity Cost: Prod. 2???Prod. 1Prod. 2???Design$60,000Design time800 hours1,200 hoursa.b.c.Preparation$18,000Labor hours3,000 hoursd.e.$9,000f.Machining$90,000Machine
hoursg.h.$18.00/hour$27,000i.Finishingj.Batches200300$50/batchk.l.Inspectionm.Unitsn.o.$6/unit$3,000$6,000Packagingp.Ordersq.50$300/order$13,500r.Shipping$17,000Packages70s.t.u.$3,000 What will be an ideal response?
In a common size income statement, the 100% figure is
A) net cost of goods sold. B) net income. C) gross profit. D) net sales.