According to the external control view of leadership, which of the following factors would not be considered an external factor that might positively or negatively affect a firm's success?
A. outbreak of war
B. economic downturns
C. governmental legislation
D. company employee morale
Answer: D
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________ are products that have minor blemishes to the fabric or errors in the construction.
A. Hard goods B. Soft goods C. Irregulars D. Closeouts E. Category killers
Both the SEC and the PCAOB have expressed an opinion as which internal control framework an organization should use to comply with SOX legislation. Explain
Which of the following does NOT have a 10 day cooling off period?
A) a door-to-door sale of a food processor B) the purchase of a fitness club membership C) a contract for dance lessons D) the purchase of a new house E) the purchase of a time share condominium
The Branson Company uses the percent of sales method of accounting for uncollectible accounts receivable. During the current year, the following transactions occurred:Mar 7Branson Company determined that the $2,000 account receivable of the Bing Company was uncollectible, and wrote it off.Jun 9Bing Company paid $1,500 of the amount owed to the BransonCompany. Branson Company does not expect further collections from the Bing Company.Dec 31Branson Company estimates that 1.5% of its $900,000 of creditsales will be uncollectible.Prepare the general journal entries to record these transactions.
What will be an ideal response?