An account you would not expect to find under the heading of "Current Assets" in a chart of accounts is
a. Merchandise Inventory; b. Accounts
Receivable; c. Cash; d. Supplies; e. Purchases.
E
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The PJC department of McIntyre Company shows gross sales of $730,600 for computer supplies and $934,900 for general office supplies. It has determined that computer supplies cost $534,000 and that general office supplies cost $391,400 . What is the total gross profit for the PJC department?
a. $934,900 b. $754,000 c. $1,590,900 d. $740,100
Answer the following statements true (T) or false (F)
1) Factoring is an option available to a business to reduce the risk of uncollectible accounts receivable. 2) When a business pledges its accounts receivable, it transfers the right to collect cash from customers to the bank. 3) The expense associated with the cost of uncollectible accounts receivable is called bad debts expense. 4) Accounts receivable that are uncollectible must remain on the books because the customer may eventually pay. 5) Bad debt expense is a cost to the seller of extending credit.
Why is it important to cite sources when writing reports?
A) Sources replace research and data needed to complete the report B) Sources can replace the synthesis of material C) Sources make the writers ideas seem original D) Sources allow you to present someone else's materials as your own E) Sources help your audience locate information
Along with the creation of an international presence, ____ major function(s) of HRM must become more complex.
A. two B. some C. every D. no E. one