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3 years ago

In order to improve? readability, one must avoid? __________.

1 answer:

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The correct answer in the statement above is letter C, keeping sentences uniform in length. It is because this will motivate readers to read if the sentences has the right amount of words where they could understand enough and to get them reading. If it is too short, they won't understand what they're reading and if it is too long, it will only make them find less interest in what they are reading, that is why it is important to make it uniform in length for it to be readable.

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Gideon Company uses the direct write-off method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off

zloy xaker [14]

Answer and Explanation:

The Journal entry is shown below:-

Bad debts expense Dr, $2,000

To Accounts receivable-Hopkins $2,000

(Being write off is recorded)

Here we debited the bad debt expenses as it increased the expenses and we credited the accounts receivable as it reduced the assets so that the proper posting could be done

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3 years ago

There are 12 general categories of threat to an organization's people, information, and systems. List at least six of the genera

Alenkinab [10]

Answer:

1. Human Error: an example is disregard to safety measures.

2. Compromises to Intellectual Property: an example is piracy of an organization's product.

3. Forces of Nature: an example is earthquake.

4. Information extortion: an example is coercion or blackmail.

5. Quality of service deviation: an example is an epileptic or poor power supply.

6. Industrial espionage: an example is unethical hacking of data.

Explanation:

A threat to an organization's people, information, and systems is basically any circumstances or events that poses a potential danger, damage or adverse affect to its smooth running.

These threats can be classified into six (6) categories and these are;

1. Human Error or failure: this are errors that arise as a result of having incompetent employees (slips and lapses) or mistakes stemming from the workers. An example of human error is an employee that disregard safety measures.

2. Compromises to Intellectual Property: this usually occurs when an intellectual property is stolen illegally from an organization. An example is piracy of an organization's product.

3. Forces of Nature: this is usually caused by a natural disaster. Examples of forces of nature are flood, earthquake, fire etc.

4. Information extortion: this arises when sensitive data about an organization is held through coercion, bribery or computer hacking.

5. Quality of service deviation: this would occur when there's a shortage in the quality of service received by an organization, contrary to what is expected or required. Examples are poor power supply, poor internet service etc.

6. Industrial espionage: this is as a result of loosing sensitive data to unauthorized individuals or hackers.

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3 years ago

Gekko, Inc. reported the following balances (after adjustment) at the end of 2008 and 2007.

nevsk [136]

Answer:

Correct answer is D, P3,900

Explanation:

Begging Allowance for doubtful account is P1,500 (96,000 - 94,500). Ending balance of Allowance for doubtful account is P3,000 (P108,000 -P105,000). We can now work back the provision for doubtful accounts that the company has made during 2008.

Beginning P1,500

Add:

Collection of written off accounts 800

Total P2,300

Less:

Written off 3,200

Total (P900)

Therefore, in order for the company to have an ending inventory of P3,000, They must have set up a provision for doubtful accounts in the amount of P3,900. Attached herewith is the T-account of allowance for doubtful accounts

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3 years ago

General Electric is a company that used________to acquire and hold companies in the aerospace, consumer appliances, entertainmen

inn [45]

Answer:

The answer is Conglomeration

Explanation:

This is a term that describes the process by which a conglomerate is created, and a conglomerate is a corporation that owns a number of different businesses that are unrelated.

Another trait of a conglomerate is that every one of the conglomerate's subsidiaries operate independently of each other, but each subsidiary reports to the parent company.

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3 years ago

Read 2 more answers

The federal funds rate A. equals the discount rate. B. only matters to banks and has very little impact on individual consumers.

bixtya [17]

Answer:

D. is the rate that banks charge each other for short-term loans of excess reserves.

Explanation:

The federal reserves require banks to maintain a certain amount in their vaults to cater for possible withdraws. At the close of business every day, banks have to confirm they have the required amount. Should a bank fail to meet the requirement, it can borrow from other banks that have a surplus. The interest rate that banks charge each other for these transactions is the fed fund rate.

The Fed set the fund rate. It may increase or decrease it depending on the prevailing market condition. The banks use the fund rate set to determine the interest rates to be charged on loans and mortgages. A high fund rate means high-interest rates.

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3 years ago