Answer:
employment at will
Explanation:
According to my research on different employee responsibilities, I can say that based on the information provided within the question the company can state that the layoffs were instances of employment at will. This is because the employees were only showing up when it suited them, which is not part of their contract, the employees need to show up to work on time based on their work schedule.
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Answer: C) mutually unexecuted contracts between buyers and sellers.
Explanation:
Mutually Unexecuted contracts refer to a situation where both parties being the buyer and the seller have not executed their parts of the bargain or rather fulfilled their parts of the contract.
In such a case, even though legally, there is an obligation to perform due to the signing of a contract, Accounting wise, there is no need to record a liability.
This is why Mutually Unexecuted contracts do not contribute to the need to recognize deferred revenue.
Answer: Option (C)
Explanation:
The ratio scale is referred to as or known as a kind of the variable measurement scale that is mostly quantitative in the nature. The ratio scale tends to allow most researcher to bring out the comparison in between the intervals. This scale is fourth level of the measurement and thus tends to possess a 0 point or the character of the origin.
Interval scale is referred to as or known as the quantitative measurement scale under which the difference in between the two variables is mostly meaningful. This scale is known to be third level of the measurement.
Answer:
C) It leads to a decrease in per capita GDP. (sorry if it's late)
Explanation:
Answer: See explanation
Explanation:
From the question, we are given the information that on December 12, the company receives a $540 check from Chad Thomas in settlement of Thomas's $1,280 outstanding accounts receivable, then the journal entry based on the above will be:
December 12:
Debit Cash $540
Debit Allowance for doubtful account $740
Credit Account receivable $1280
Note that the allowance for doubtful account was calculated as:
= Account receivable - Cash
= $1280 - $540
= $740