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GCM Corporation had a 1/1/14 balance in the Allowance for Doubtful Accounts of $25,000. During 2014, it wrote off $18,000 of accounts and collected $5,250 on accounts previously written off.

Firm A has a debt-equity ratio of. 5. Firm B has a debt-equity ratio of. 8. All other features of these firms are identical. The return on equity of Firm A is: A. Equally as volatile as the return of equity of Firm B. B.

A share stock is a small piece of ownership in a company Ture or false

Whispering Winds Corp. uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $190000 and credit sales are $1910000. Management estimates that 5% of accounts receivable will be uncollectible.

The decision of which assumptions to make is:a. an easy decision for an economist, but a difficult decision for a physicist or a chemist. b. not a particularly important decision for an economist. c. usually regarded as an art in scientific thinking.

When responding to behavioral interview questions, you should briefly explain the situation and describe the problem or task, your action, and its results. True or false?

Which of the following accounts neither increases nor decreases the fund balance of the General Fund during the fiscal year? A. Deferred revenues. B. Revenues. C. Expenditures. D. Other financing sources.

At Afterbadge, a chain of stores that sells computer accessories, all the marketing activities are planned at the company headquarters. These plans are required to be carried out by the employees without any deviation.

A teacher writes the results of a test on the board: 7 students received a's, 10 students received b's, 18 students received c's, 4 students received d's and 1 student received an f.

Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 2 for $34,000.