Lifebelt Insurance sells insurance only through its door-to-door salespeople. What type of marketing channel does Lifebelt use?
A) inclusive
B) multitiered
C) indirect
D) direct
E) selective
D
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Capital budgeting decisions must be based on the accounting income the project generates since stockholders are concerned with the reported net income the firm generates.?
Answer the following statement true (T) or false (F)
Game Apps Corporation hires independent contractors instead of employees. If these workers are determined to have been misclassified, Game Apps may be liable for
a. a seniority and tenure system. b. back payroll taxes. c. copyright and trademark royalties. d. job reinstatement.
Stocks A and B each have an expected return of 15%, a standard deviation of 20%, and a beta of 1.2. The returns on the two stocks have a correlation coefficient of +0.6. You have a portfolio that consists of 50% A and 50% B. Which of the following statements is CORRECT?
A. The portfolio's beta is less than 1.2. B. The portfolio's expected return is 15%. C. The portfolio's standard deviation is greater than 20%. D. The portfolio's beta is greater than 1.2. E. The portfolio's standard deviation is 20%.
The Links Company uses the percent of sales method of accounting for uncollectible accounts receivable. During the current year, the following transactions occurred:Sept 7Links Company determined that the $8,000 account receivable of the Rainier Company was uncollectible, and wrote it off.Oct 15Links Company determined that the $3,500 account receivable of the Olympic Company was uncollectible and wrote it off.Nov 9Rainier Company paid $6,000 of the amount owed to the LinksCompany. Links Company does not expect further collections from the Rainier Company.Dec 31Links Company estimates that 1% of its $1,900,000 of creditsales would be uncollectible.1. Prepare the general journal entries to record these transactions.2. If the balance of the allowance for uncollectible accounts was a $4,000
credit on January 1 of the current year, determine the balance of the allowance for uncollectible accounts at December 31 of the current year. Assume that the transactions above are the only transactions affecting the allowance for uncollectible accounts during the year. What will be an ideal response?