Teresa manages a local retail store. She regularly works over 40 hours per week, is ineligible for overtime pay, and earns a salary of $50,000 a year. She is considered to be a/an
A. exempt employee.
B. nonexempt employee.
C. 1099 employee.
D. independent contractor.
Ans: A. exempt employee.
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At the beginning of 2017, Yummy Cupcakes, Inc has the following ledger balances
Accounts Receivable $40,000 (Debit) Allowance for Bad Debts $7,000 (Credit) During the year, credit sales amounted to $810,000. Cash collected on credit sales amounted to $760,000, and $16,000 has been written off. Yummy Cupcakes uses the aging-of-receivables method to record bad debts expense. The estimate of uncollectible accounts was $26,000. The ending balance in the Allowance for Bad Debts is ________. A) $35,000 B) $16,000 C) $26,000 D) $19,000
Governments in Japan, Singapore, South Korea, and China have supported exports for years which have tremendously helped their economies
Since exporting is a very important component of a country's business strategy, many government programs are offered that support exports. Describe ways by which governments can support exports.