A Company Has Total Accounts Receivable of $500,000 for the Year

question 73

Multiple Choice

A company has total accounts receivable of $500,000 for the year and it estimates that uncollectible accounts will be 3% of accounts receivable. If Allowance for Doubtful Accounts has a credit balance of $2,000 prior to adjustment, its balance after adjustment will be a credit of

• A) $17,000.
• B) $13,000.
• C) $14,940.
• D) $15,000.

Differentiate between a time log and a to-do list and their purposes.

Understand the importance of time management for supervisors.

Identify levels (A, B, C, D) of prioritizing activities.

Recognize the psychological and organizational factors contributing to stress.

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Definitions:

Commodity

A basic good used in commerce that is interchangeable with other goods of the same type; common examples include oil, grain, and metals.

Functional Managers

Managers responsible for specific departments within an organization, such as marketing or finance, overseeing specialized functions.

Process Managers

Individuals or tools responsible for overseeing, optimizing, and controlling the various processes within a project or organization to ensure efficiency and effectiveness.

Engineering Manager

A professional role that combines technical expertise with management skills to oversee engineering projects and teams.