Afonso is a customer service representative who determines his work behavior solely on whether he thinks he can do actions without receiving immediate punishment from his boss. According to Kohlberg, which of the following stages of moral development does Afonso's behavior exemplify?
A. preconventional stage
B. righteous stage
C. unconventional stage
D. principled stage
E. conventional stage
Answer: A
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Morgan Company reported the following information for the year ended December 31, 2015: Net income $ 600,000 Preferred dividends declared and paid 60,000 Common dividends declared and paid 90,000 Average common shares outstanding 90,000 Ending market price per share 45 Net sales 5,100,000 ? What was Morgan's earnings per share for 2015?
A) $6.67 B) $6.00 C) $5.11 D) $0.15
A person who receives a check as a gift cannot qualify as a holder in due course.
Answer the following statement true (T) or false (F)
________ involves persuading people to buy goods they had no thought of buying
A) Sustainable marketing B) High-pressure selling C) Strategic marketing D) Redlining E) Reverse redlining
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 credit sales 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?