Superior Health Club's mar¬keting strate¬gies entice many of Tone-Up Exercise Club's members to change clubs. After less than a year in business, Superior surpasses Tone-Up in numbers of members. Superior is liable for
a. appropriation.
b. conversion.
c. no tort.
d. wrongful interference with a business relationship.
c. no tort.
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A minority active investment is accounted for by the:
A. lower of cost or market method. B. equity method. C. speculative investment method. D. cost method.
A company is referred to as a parent if it owns
a. 33% of the debt securities of a second company b. 100% of the debt securities of a second company c. 15% of the equity securities of a second company d. None of these choices
Store location planners look at a store's ________, the geographic zone that accounts for the majority of its sales and customers
A) trade area B) microenvironment C) primary market D) traffic paths E) target market
Tanning Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $300,000 and credit sales are $1,000,000. An aging of accounts receivable shows that 5% will be uncollectible. What adjusting entry will Tanning Company make if the Allowance for Doubtful Accounts has a credit balance of $2,000 before adjustment?
A) Bad Debts Expense 13,000Allowance for Doubtful Accounts 13,000 B) Bad Debts Expense 15,000Allowance for Doubtful Accounts 15,000 C) Bad Debts Expense 13,000Accounts Receivable 13,000 D) Bad Debts Expense 15,000Accounts Receivable 15,000