Explain why accountabilities are determined
What will be an ideal response?
Accountabilities are determined to identify a limited number of highly important results that, when achieved, will have a dramatic impact on the overall success of the organization.
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A newly created design business, Rhodes Art, is finishing its first year of operations
During the year, credit sales were $45,000 and collections of credit sales were $33,000. One account for $675 was written off. Smart Art uses the aging-of-receivables method to account for bad debts expense. It has estimated $200 as uncollectible at year-end. What is the amount of the Bad Debts Expense for the first year of operations? A) $11,125 B) $675 C) $200 D) $875
During a project, the project manager may interact with lateral juniors
Indicate whether the statement is true or false