A company has net credit sales of $900,000 for the year and it estimates that uncollectible accounts will be 2% of sales. If Allowance for Doubtful Accounts has a credit balance of $1,000 prior to adjustment, its balance after adjustment will be a credit of

a. $18,000
b. $19,000
c. $17,980
d. $17,000

Ans: b. $19,000

Business

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Implicit trust refers to how people put their trust in others even in the absence of rational reasons to do so. All of the following might lead to the development of implicit trust EXCEPT:

a. distinctiveness--focusing on how the group members are distinct from one another in terms of diversity. b. mere exposure--the more we see someone, the more we like and trust them. c. mirroring--mimicking the body posture of another person. d. flattery--complementing the other person.

Business