1) Hahn Company uses the percentage of sales method for recording bad debts expense. For the year‚ cash sales are $300‚000 and credit sales are $1‚200‚000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Hahn Company make to record the bad debts expense? Debit Bad Debt Expense $12‚000‚ Credit – Allowance for Doubtful Accounts $12‚000 2) Using the percentage of receivables method for recording bad debts expense‚ estimated uncollectible accounts are $15‚000
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1. (TCO E) Briefly describe cost-benefit analysis. Demonstrate understanding by applying the concept to an assessment of an immunization program. (Points : 20) 2. (TCO G) Describe a national model of universal healthcare coverage. Compare the model’s methods of funding for healthcare in the United States. Identify which one you think is best by discussing access and quality detail. (Points : 20) 3. (TCO A) All of the following are healthcare priorities or goals that healthcare leaders encouraged
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Amendment A. prohibits each government in the U.S. to stop a citizen from voting based on race B. prohibits the denial‚ termination‚ or suspension of government contracts C. prohibits slavery and involuntary servitude D. guarantees equal protection of the law for all citizens 9) ____________ refers to actions taken to overcome the effects of past or present practices‚ policies‚ or other barriers to equal employment
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of precedence and has two aspects: 1) definitional or substantial – the principle of law is found in the precedence called the ratio decidendi: the narrowest and necessary legal principle upon which a legal decision was based. This is the aspect of the case that binds future courts and must be followed. 2) Structural: what precedent cases must be followed. Rupert Cross wrote a book called “precedence in legal law” and described the structural component of the stare decisis as “every court is bound
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Memo: Legal Risks and Opportunities Jennifer Stucky Law 531 - Business Law August 2‚ 2010 Professor Dominik Musafia Memo: Legal Risks and Opportunities MEMORANDUM TO: Kevin Grant‚ Director FROM: Jennifer Stucky‚ project manager DATE: August 2‚ 2010 SUBJECT: Dispute over contract with C-S CC: Harold Smith‚ Attorney This memo is in response to the dispute over the contract between Span Systems and Citizen-Schwarz AG (C-S). Management is taking the necessary steps
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LAW FOR ENGINEERS (UEEG 2113) Final Exam questions (2011) Time – 3 hours Students are required to answer any 4 questions Students are allowed to bring in original and unmarked copy of following statutes into exam hall: - 1. Federal Constitution Contracts Act 1950 Employment Act 1955 (a) The Federal Constitution is the supreme law of Malaysia and‚ inter alia‚ it guarantees fundamental liberties to every citizen. With reference to Article 8 and 10 of the Constitution‚ discuss
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Litigation Student Name LAW/531 Date Instructor Litigation Disputes are settled by various means every day. This paper will consider the process of traditional litigation and alternative dispute resolution in settling those disputes. Knowing the advantages and disadvantages is important when deciding what process to employ in settling a dispute. Traditional Litigation Traditional litigation can be a long and expensive process. Filing a complaint starts the process. This action
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1. What makes a publicly held corporation different from a public corporation? a. 0 A publicly held corporation has had an IPO‚ and has many private shareholders rather than being a corporation owned by a governmental entity. b. 0 A publicly held corporation is entitled to limited liability‚ but the public corporation is not. c. 0 A publicly held corporation must have a charitable purpose‚ but a public corporation need not have a charitable purpose d. 0 They are two terms that have the same meaning
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BUSINESS LAW 401 – FINAL EXAM 1. Name three ways to finance a new business. 2. What is the primary purpose of federal bankruptcy law? a. To protect creditors b. To treat all creditors equally c. To preserve business relationships d. To discharge the debtor from burdensome debts by giving him a fresh start 3. Martha started a flower shop as a sole proprietor. After one year‚ she was forced to close the shop because business was so bad
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MBA/503 Final Exam Name:__________________ 1. An item which may be converted to cash within one year or one operating cycle of the firm is classified as a A) current liability. B) long-term asset. (correct) C) current asset. D) long-term liability. 2. Which account represents the cumulative earnings of the firm since its formation‚ minus dividends paid? A) Paid-in capital B) Common stock C) Retained
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