Kramer's, Inc estimates its uncollectible accounts at 2% of its credit sales of $800,000 . The debit to Bad Debt Expense is
a. $160,000; b. $16,000;
c. $1,600; d. $160; e. can't be determined
B
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Inventory is more liquid than accounts receivable because receivables must be collected and some customers may not be willing to pay, while inventory need only be sold in a retail store
a. True b. False Indicate whether the statement is true or false
Which of the following is the best example of trended data?
A) responses from surveys about current fashions and fads collected from 100 teenagers over the period of a weekend B) responses from surveys about packaged goods brand attributes collected every six months from the same set of 100 parents ages 29-39 C) telephone responses from a direct response television ad aired on different channels at different times over the course of a month D) comparisons of competitors' sales performance in a single business quarter E) interview responses that have been adjusted to compensate for bias from the interviewers
The salesperson was selling the couple a garden tub for their new bathroom. He said, "The water jets, large capacity, and marble finish are wonderful features, wouldn't you agree?" When this first close failed, he asked, "Will you want to use clear or white caulk to install your new tub?" The couple did not answer this question. The salesperson then began making a two-column list with reasons for and against buying. The salesperson used a:
A. presumptive close. B. dyadic close based on the SELL Sequence. C. multiple-close sequence. D. probability or rating close. E. multiple distribution technique.
Although classical economists assumed that labor was ______, we now know that labor mobility does exist.
Fill in the blank(s) with the appropriate word(s).