Variable-pay or pay-for-performance programs operate reward programs at three levels
a. individual, group and organizational.
b. individual, departmental and organizational.
c. individual, departmental and community.
d. individual, group and community.
e. individual, group and managerial.
Ans: a. individual, group and organizational.
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The book value of a plant asset is
a. the fair market value of the asset at a balance sheet date b. the asset's acquisition cost less the total related depreciation recorded to date c. equal to the balance of the related accumulated depreciation account d. the assessed value of the asset for property tax purposes
Manning Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $200,000 and credit sales are $1,000,000. Management estimates that 5% of accounts receivable will be uncollectible. What adjusting entry will Manning Company make if the Allowance for Doubtful Accounts has a credit balance of $2,000 before adjustment?
a. Bad Debts Expense 10,000 Allowance for Doubtful Accounts 10,000 b. Bad Debts Expense 8,000 Allowance for Doubtful Accounts 8,000 c. Bad Debts Expense 8,000 Accounts Receivable 8,000 d. Bad Debts Expense 10,000 Accounts Receivable 10,000