Alice Jones receives a bonus of $500 from her boss. She needs cash for her vacation, so she indorses the check to Charlie who gives her $300 cash and an IOU for $200. When Charlie presents the check to Alice's company for payment, her boss says the check was meant for Alex Jones instead; it was all a big mistake. What will Charlie be able to collect from the company?
A) $500
B) $300
C) $420
D) Nothing
B
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At the end of the current year, using the aging of receivable method, management estimated that $23,250 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $625. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?
A.
| Accounts Receivable | 23,875? | |
| Allowance for Doubtful Accounts | 23,875? |
B.
| Bad Debts Expense | 23,250? | |
| Allowance for Doubtful Accounts | 23,250? |
C.
| Bad Debts Expense | 23,875? | |
| Allowance for Doubtful Accounts | 23,875? |
D.
| Accounts Receivable | 23,250? | |
| Bad Debts Expense | 625? | |
| Sales | 23,875? |
E.
| Bad Debts Expense | 22,625? | |
| Allowance for Doubtful Accounts | 22,625? |
Compare and contrast the four types of buying decision behavior exhibited by consumers
What will be an ideal response?
Shareholder proposals can include topics such as executive compensation
Indicate whether the statement is true or false
Weimar Corporation is conducting a time-driven activity-based costing study in its Order Fulfillment Department. The company has provided the following data to aid in that study: Weimar CorporationOrder Fulfillment DepartmentData InputsResource Data: Number of employees 13 Average salary per employee$36,720 Weeks of employment per year 50 Minutes available per week (40 hours × 60 minutes) 2,400 Practical capacity percentage 85% Activity Data:Processing OrdersPreparing DeliveriesHandling ReturnsMinutes per unit of the activity162844 Cost Object Data:All CustomersNumber of orders processed21,750Number of deliveries prepared11,130Number of returns handled410 On the Capacity Analysis report in time-driven activity-based costing, the "unused capacity in minutes" would be
closest to: A. 663,000 minutes B. 648,320 minutes C. 655,660 minutes D. 677,680 minutes