In estimating the amount of uncollectible accounts the accountant (1) estimates the amount of uncollectible accounts that will likely occur over time in connection with sales of each period and (2) makes an entry debiting Bad Debt expense and crediting Allowance for Uncollectible Accounts. The name of this procedure is/are the
a. percentage-of-sales.
b. aging-of-accounts-receivable.
c. direct write-off.
d. indirect write-off.
e. tax accounting.
A
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Clothing, perfume, and cologne have sexual connotations, so they are more likely to be advertised using:
A) rational appeals B) subliminal approaches C) sexual suggestiveness D) scarcity appeals
A manufacturing firm has manufacturing costs which become product costs. These manufacturing costs do not include:
a. direct material costs (or raw material costs). b. direct labor costs. c. manufacturing overhead costs (sometimes called indirect manufacturing costs). d. expenditures for administrative staff. e. expenditures for supervisors' salaries, factory utilities, property taxes, insurance, and depreciation on manufacturing plant and equipment.
The two dimensions of using interpersonal communication to build relationships are
A) assertive-aggressive, and passive-assertive. B) happy-unhappy, and extraversion-introversion. C) interest-disinterest, and honest-dishonest. D) dominant-subordinate, and cold-warm.
The 2002 Sarbanes-Oxley Act forbids use of an audit committee by the board of a publicly held corporation; the full board must oversee the work of the public accounting firm employed to audit the corporate books
a. True b. False Indicate whether the statement is true or false