For Licensure in Many States,a Massage Therapist Needs

question 45

Multiple Choice

For licensure in many states,a massage therapist needs

• A)an associate's degree in human biology.
• B)a minimum one-year apprenticeship with a licensed massage therapist.
• C)an affiliation with a hospital or medical practice.
• D)a minimum of 500 hours of training.

Identify when interest is usually associated with different types of receivables.

Prepare adjusting entries for interest on notes receivable.

Calculate average collection period and understand its significance.

Understand the implications of a note receivable being honoured or dishonoured.

---

Definitions:

Embezzlement

The act of withholding assets for the purpose of theft by someone who has been entrusted with those assets, often involving money or property.

Corporate Executives

Senior officers within a corporation, such as CEOs or CFOs, who are responsible for managing the organization and making strategic decisions.

Business Crime

Illegal acts, such as fraud, bribery, insider trading, and embezzlement, committed by individuals or corporations to achieve a financial or professional advantage.

Personal Liability

Legal responsibility of an individual to fulfill debts or obligations from his or her own assets.