The first step in the collection of overdue accounts is ________.
A) a letter
B) contacting a collection agency
C) legal actions
D) a personal visit
A) a letter
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The ability of a business to pay its debts as they come due and to earn a reasonable amount of income is referred to as
A) solvency and leverage B) solvency and profitability C) solvency and liquidity D) solvency and equity
In business documents, a general rule for readability is that paragraphs normally should be
a. 6 lines or less in length. b. 7 to 12 lines in length. c. no longer than 20 lines. d. any desired length, as the number of lines is not important.
Indicate how each event affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. Increase = IDecrease = DNo Effect = NA(Note that "No Effect" means that the event either does not affect the element of the financial statements or that the event causes an increase in that element and is offset by a decrease in that same element.) Sierra Mining is the defendant in a $3 million lawsuit involving damage to the environment. Sierra's attorneys have advised the company that the outcome of the lawsuit is reasonably possible, but not probable.AssetsLiabilitiesStk. EquityRevenuesExpensesNetStmt. of ?IncomeCash Flows???????
What will be an ideal response?
Beth is a victim of Carl's violation of a criminal law. Criminal law is con¬cerned with
a. the prosecution of private individuals by other private individuals. b. the prosecution of public officials by private individuals. c. the relief available when a person's rights are violated. d. wrongs committed against the public as a whole.