The law of diminishing returns does not apply to traditional products.

a. True

b. False

Kirchhoff Industries has computed that the proper balance for the Allowance for Doubtful Accounts at August 31 is $67,697.

Net income is $132,000, accounts payable increased $10,000 during the year, inventory decreased $6,000 during the year, and accounts receivable increased $12,000 during the year.

The following data pertain to operations at Quick Incorporated: Throughput time 4 hours Delivery cycle time 8 hours Process time 1 hour Queue time 2 hours The combined inspection and move time for this operation would be: a. 4 hours b. 1 hour c.

Search the internet for news of a motor vehicle collision in your community involving drugs or alcohol. keeping in mind that you dont know the condition of others on the road, explain how this makes you feel sharing the road with others.

At December 31 of the current year, Cart Company has a $16,000 Notes Receivable from a customer. Interest of 5% has accrued for 9 months on the note. What will be reported on the Balance Sheet?

Consider this argument: "The kidnappers have taken eight people hostage and are holding them at a farmhouse just outside town. If the SWAT team assaults the farmhouse, the hostages could be killed.

At the end of 2016, Splish Brothers Inc. has accounts receivable of $675,100 and an allowance for doubtful accounts of $24,370. On January 24, 2017, it is learned that the company's receivable from Madonna Inc.

Eight months ago, you purchased 400 shares of Winston, Inc. stock at a price of $54.90 a share. The company pays quarterly dividends of $.50 a share. You have received dividends twice. Today, you sold all of your shares for $49.30 a share.

Marta is twenty eight years old, and she has no dependents. She has saved an emergency fund and an extra $1,500. She would like to save or invest this money in hopes that it will grow fast. Marta does not mind taking risks with her money.

Very early in 2018, while developing software for sale to others, after achieving technological feasibility but before the commencement of commercial production, X Company incurred $320,000 to produce product masters and to test the software.