Camera World had $326,500 in revenues last year. This year, they earned 14.4% more. How much did they earn this year?
What will be an ideal response?
$373,516
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Which of the following damages must be foreseeable in order to be collected?
A) Nominal and liquidated B) Consequential C) Compensatory, consequential, and punitive D) Liquidated and compensatory E) Consequential and compensatory
Domino Company ages its accounts receivable to estimate uncollectible accounts expense. Domino began Year 2 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $76,500 and $5,800, respectively. During Year 2, the company wrote off $4,640 in uncollectible accounts. In preparation for the company's estimate of uncollectible accounts expense for Year 2, Domino prepared the following aging schedule:Number of DaysPast DueReceivablesAmount% Likely to beUncollectibleCurrent $104,000 1% 0-30 45,000 5% 31-60 9,920 10% 61-90 4,440 25% Over 90 3,800 50% Total $167,160 What amount will be reported as uncollectible accounts expense on the Year 2 income statement?
A. $1,512 B. $6,132 C. $4,640 D. $7,292
Which is most likely when the assessed level of control risk increases?
A. Perform substantive procedures directed inside the entity rather than tests directed toward parties outside the entity. B. Change from performing substantive procedures at year-end to an interim date. C. Use the maximum number of dual purpose tests. D. Use larger sample sizes for substantive procedures.
Logical and ________ database design is typically performed in parallel with other systems design steps
A) Normal B) Physical C) Conceptual D) Normalized