The process of organizing data into tables and then defining the relationships among them is known as:

The Allowance for Doubtful Accounts has a debit balance of $3,000 at the end of the year (before adjustment), and the balance of Allowance for Doubtful Accounts is estimated at $12,000 . If Accounts Receivable are $700,000, the amount of the adjusting entry to record the provision for doubtful accounts using the analysis of receivables method is ________

a. $16,000 b. $9,000 c. $12,000 d. $15,000

Which of the following statements concerning Cost Management Systems (CMS) is False?

a. Performance rewards for top management consists of both long and short term incentives. b. A CMS is composed of three primary elements: motivational, informational and reporting. c. A CMS is not designed to cut costs but rather to get the maximum return from costs that are incurred. d. One of the goals of the informational elements is the preparation of financial statements.