The Data Presented Below Is for Mellon Corporation for the Year

question 3

Multiple Choice

The data presented below is for Mellon Corporation for the year ended December 31, 2016: $\begin{array}{lr}\text { Sales (100\% on credit) } & \$ 1,500,000 \\\text { Sales returns } & 60,000 \\\text { Accounts Receivable (December 31, 2016) } & 250,000 \\\text { Allowance for Doubtful Accounts [Credit B al ance] (Before adjustment at December } & \\31,2016 &3,000 \\\text { Estimated amount of uncollectible accounts based on an aging analysis }&31,000\\\end{array}$
-Refer to information for Mellon Corporation. If Mellon uses 2% of net credit sales to estimate its bad debts, what will be the balance in the Allowance for Doubtful Accounts account after the adjustment for bad debts?

• A) $33,000
• B) $31,800
• C) $27,000
• D) $25,800

Understand the importance of coordination and shared mental models in teams.

Evaluate the roles of leadership and member roles in functional work teams.

Determine the effects of team diversity on problem-solving and cohesiveness.

Identify challenges and advantages associated with cross-functional teams and the concept of groupthink.

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Definitions:

Android

An operating system developed by Google for mobile devices, but also inaccurately applied to describe any robot with a human-like appearance.

Fat Cells

Cells that specialize in storing energy in the form of fat, also known as adipocytes.

Shrink

To decrease in size, amount, or value.

Visceral Fat

A type of body fat that is stored within the abdominal cavity and is associated with numerous health risks, including cardiovascular disease.