Answers

JH

Answered

Which of the following is one way to improve your cultural competency?

A) Become aware of your own biases
B) Be consistent about applying the "Golden Rule"
C) Incorporate the use of industry jargon
D) Use humor often to put others at ease
E) Strive for equality and avoid individualism

On Jul 27, 2024


A
JH

Answered

According to the text,what are four advantages of alternative dispute resolution (ADR)over traditional litigation?

On Jul 01, 2024


Students should choose from the following reasons:
(1)It is usually faster and cheaper than traditional litigation.
(2)Some forms of ADR can be structured so that a business may avoid the uncertainty associated with a jury decision.
(3)A business may want to avoid setting a precedent through a court decision.
(4)Because many forms of ADR are less adversarial than litigation,the parties are able to preserve a business relationship.
(5)A business may prefer ADR because it is confidential.
JH

Answered

The _______ date marks the beginning of the credit period.

A) Cash.
B) Invoice.
C) Discount.
D) Net payment.
E) Due.

On Jun 27, 2024


B
JH

Answered

When an account is determined to be uncollectible, "writing off" the bad debt usually involves:

A) reducing the receivables balance and the bad debt reserve by the amount of the account.
B) writing a letter to the customer demanding payment.
C) "expensing" the amount deemed uncollectible.
D) All of the above

On Jun 01, 2024


A
JH

Answered

On July 1, Deuce Hardware, Inc.had an inventory of 300 gas grills costing $100 each.Purchases and sales during July are as follows: DatePurchasesSales July 3 100@$125 each  July 10150@$110 each  July 17150@$130 each  July 1750@$120 each \begin{array}{lll}\text {Date}&\text {Purchases}&\text {Sales}\\\text { July 3 } & & 100 @ \$ 125 \text { each } \\\text { July } 10 & 150 @ \$ 110 \text { each } \\\text { July } 17 & &150 @ \$ 130 \text { each }\\\text { July } 17 & 50 @ \$ 120 \text { each } &\end{array}Date July 3  July 10 July 17 July 17Purchases150@$110 each 50@$120 each Sales100@$125 each 150@$130 each  What is the cost of Deuce's inventory on July 31 using the FIFO method?

A) $15, 000
B) $16, 000
C) $16, 500
D) $18, 000

On May 28, 2024


C