In comparison to low-level managers, most top executives:
A) have a longer time perspective
B) have a stronger concern about efficiency
C) are more autocratic in their decision making
D) are more focused on solving immediate problems
A
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Which of the following statements about self-insurance is (are) true? I. It is a form of planned retention. II. State law usually prohibits its use for workers compensation
A) I only B) II only C) both I and II D) neither I nor II
Healthy Lawn Maintenance deems uncollectible any customer account not paid after six months. This means that every accounting period, Healthy Lawn Maintenance ascertains which accounts remained uncollected for six months, and treats these customer accounts as uncollectible by writing them off. If, during 2013, Healthy Lawn Maintenance identified accounts of specific customers totaling $20,000
with unpaid balances for six months and wrote them off, the journal entry would be as follows: a. Bad Debt Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 Accounts Receivable—gross . . . . . . . . . . . . . . . . . . . . . . . . 20,000 b. Bad Debt Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20,000 Accounts Receivable—specific accounts . . . . . . . . . . . . . . . . 20,000 c. Allowance for Uncollectibles . . . .. . .. . .. . .. . .. . .. . .. . .. . .. 20,000 Accounts Receivable—specific accounts . . . . . . . . . . . . . . . . 20,000 d. Allowance for Uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . 20,000 Accounts Receivable—gross . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 e. Allowance for Uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . .20,000 Bad Debt Expenses . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000