Answer the following statement(s) true (T) or false (F)
If two variables are correlated, this implies that one variable causes the other.
ANS:F
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When developing a routine request for a recommendation, what should go in the body of the message?
A) Why the writer wants the position B) An expression of appreciation C) Information the recipient needs to write the recommendation D) Any deadlines that might be important E) The purpose of the needed recommendation
The purpose of strategic planning is to find ways in which your company can best use its strengths to take advantage of attractive opportunities in the environment
Indicate whether the statement is true or false
A method of estimating bad debts that focuses on the balance sheet rather than the income statement is the allowance method based on
a. direct write-off. b. specific accounts determined to be uncollectible. c. credit sales. d. aging the trade receivable accounts.
Consider the following events for Sophia Incorporated:April 5 Sophia purchases volleyballs for $200 on account.April 6 Sophia advertises a sand volleyball camp for $20 a person.April 12 Thirty people sign up for the camp paying a total of $600.April 21 Sophia hosts the sand volleyball camp.April 23 Sophia pays for the volleyballs purchased on April 5.Under cash-basis accounting, what is the appropriate day to record the expenses related to the sand volleyball camp?
A. April 21. B. April 23. C. April 5. D. April 12.