KS
Kirsten Schwenk
Answers (6)
KS
Answered
As members of a group have a common goal, individual responsibilities are minimal or nonexistent.
On Jul 27, 2024
False
KS
Answered
The chart of accounts is a special ledger used in accounting systems.
On Jul 24, 2024
False
KS
Answered
One reason auto companies spend millions on racing cars is that they offer the opportunity to test new designs and technology under extreme conditions. Using the cars in a real-use setting provides an opportunity for ________ the product.
A) pretesting
B) beta testing
C) test marketing
D) alpha testing
E) concept testing
A) pretesting
B) beta testing
C) test marketing
D) alpha testing
E) concept testing
On Jun 27, 2024
B
KS
Answered
What is meant by an antilapse clause, and how do these usually work? Do you believe that all states and all types of policies should have antilapse clauses, and why or why not?
On Jun 24, 2024
Some states require that insurance companies include an antilapse clause, typically in life insurance policies, that provides a grace period of usually 30 days in which to make an overdue payment. During this grace period, the insurance is effective. If the insured fails to make a payment in those 30 days, the insurer is not allowed to automatically cancel the policy. Student responses will vary on the issue of whether all states and all policies should have antilapse clauses.
KS
Answered
A tax credit for purchases of capital goods causes the interest rate to increase and the exchange rate to appreciate.
On May 28, 2024
True
KS
Answered
How can an estimate of the uncollectible accounts expense be estimated in advance of the write-off using the Allowance method?
A) Cash sales plus a percentage of credit sales.
B) As a percentage of credit sales or as a percentage of accounts receivable.
C) As a percentage of cash sales or a percentage of credit sales.
D) As a percentage of newer receivables with little or no consideration of older receivable balances.
A) Cash sales plus a percentage of credit sales.
B) As a percentage of credit sales or as a percentage of accounts receivable.
C) As a percentage of cash sales or a percentage of credit sales.
D) As a percentage of newer receivables with little or no consideration of older receivable balances.
On May 25, 2024
B