On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $73,800 and $3,500, respectively. During the year Kincaid reported $204,000 of credit sales. Kincaid wrote off $1,950 of receivables as uncollectible in Year 2. Cash collections of receivables amounted to $252,100. Kincaid estimates that it will be unable to collect one percent (1%) of credit sales.

Which of the following describes the effects of Kincaid's entry to recognize the write-off of the uncollectible accounts?

a. Increase assets and stockholders' equity.
b. Increase assets and decrease stockholders' equity.
c. assets and stockholders' equity.
d. Does not affect assets or stockholders' equity.

Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f

Acompany that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. prior to buying the new equipment, the company used 6 workers, who produced an average of 79 carts per hour. workers receive $16 per hour, and machine coast was $49 per hour. with the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $11 per hour while output increased by four carts per hour. a) compute the multifactor productivity (mfp) (labor plus equipment) under the prior to buying the new equipment. the mfp (carts/$) = (round to 4 decimal places). b) compute the productivity changes between the prior to and after buying the new equipment. the productivity growth = % (round to 2 decimal places)

Aminor has the legal right to repudiate