Jasper company uses the allowance method to account for bad debts. During 20x6, the company recorded bad debt expense of $9,000 and wrote off as uncollectible accounts receivable totaling $5,000. These traditions caused a decrease in working capital (current assets minus current liabilities) of:

a. $7,000
b. $5,000
c. $9,000
d. $14,000

Ans: c. $9,000

Business

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Beth likes to volunteer at a local food bank. Because she once worked at a large supermarket and saw lots of food that had not been purchased, she arranged for a local store to give unsold items to the food bank. Beth was engaged in ________

A) lateral cycling B) divestment cycling C) freecycling D) underground cycling

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The question, "What type of hotel do you usually stay in when on a trip?" violates which of the "do's" of question wording?

A) focused B) simple C) brief D) crystal clear E) overstatement

Business