Use the Following Information for Questions 99 - 101

question 144

Multiple Choice

Use the following information for questions 99 - 101.
During 2014, Martin Corporation sold merchandise costing $3,500,000 on an installment basis for $5,000,000. The cash receipts related to these sales were collected as follows: 2014, $2,000,000; 2015, $1,750,000; 2016, $1,250,000.
-What amount would be shown in the December 31, 2015 financial statements for realized gross profit on 2014 installment sales, and deferred gross profit on 2014 installment sales, respectively?

• A) $525,000 and $375,000
• B) $975,000 and $525,000
• C) $375,000 and $1,125,000
• D) $525,000 and $1,125,000

Evaluate strategies for enhancing workplace productivity and morale through communication.

Understand the implications of social media on employee behavior and workplace productivity.

Describe the concept and effectiveness of 360-degree feedback systems.

Examine the factors critical to perceived fairness in organizational communication.

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Definitions:

Effective-interest Method

The effective-interest method is a technique used in amortizing the discount or premium on bonds payable, where the interest expense recorded over time corresponds to the bond's carrying value.

Interest Expense

Interest expense is the cost incurred by an entity for borrowed funds, recognized on the income statement.

Anthropocentric

Pertaining to the belief that human beings are the central or most significant species on the planet, often regarding nature and environment from a human-centered perspective.

Biodiversity

The variety of life in the world or in a particular habitat or ecosystem, including the variety of species, genetic variations, and ecosystems.