As a large corporation in small country, hachnut wants its managers to have international experience, so each year it sponsors management education abroad for its management trainees. hachnut has found, however, that the attrition rate of graduates from this program is very high, with many of them leaving hachnut to join competing firms soon after completing the program. hachnut does use performance during the program as criterion in deciding among candidates for management positions, but both this function and the goal of providing international experience could be achieved in other ways. therefore, if the attrition problem cannot be successfully addressed, hachnut should discontinue the sponsorship program. in the argument given, the two boldfaced portions play which of the following roles?
(a) the first describes a practice that the argument seeks to justify; the second states a judgment that is used in support of a justification for that practice.
(b) the first describes a practice that the argument seeks to explain; the second presents part of the argument's explanation of that practice.
(c) the first introduces a practice that the argument seeks to evaluate; the second provides grounds for holding that the practice cannot achieve its objective.
(d) the first introduces a policy that the argument seeks to evaluate; the second provides grounds for holding that the policy is not needed.
(e) the first introduces a consideration supporting a policy that the argument seeks to evaluate; the second provides evidence for concluding that the policy should be abandoned.

Journalize the following transactions that occurred in september 2015 for aquamarines. no explanations are needed. identify each accounts payable and accounts receivable with the vendor or customer name. sep. 3 purchased merchandise inventory on account from shallin wholesalers, $5,000. terms 1/15, n/eom, fob shipping point. 4 paid freight bill of $80 on september 3 purchase. 4 purchased merchandise inventory for cash of $1,700. 6 returned $500 of inventory from september 3 purchase. 8 sold merchandise inventory to hermosa company, $6,000, on account. terms 2/15, n/35. cost of goods, $2,640. 9 purchased merchandise inventory on account from thomas wholesalers, $8,000. terms 2/10, n/30, fob destination. 10 made payment to shallin wholesalers for goods purchased on september 3, less return and discount. 12 received payment from hermosa company, less discount. 13 after negotiations, received a $200 allowance from thomas wholesalers. 15 sold merchandise inventory to jordan company, $2,500, on account. terms 1/10, n/eom. cost of goods, $1,050. 22 made payment, less allowance, to thomas wholesalers for goods purchased on september 9. 23 jordan company returned $400 of the merchandise sold on september 15. cost of goods, $160. 25 sold merchandise inventory to smithsons for $1,100 on account that cost $400. terms of 2/10, n/30 were offered, fob shipping point. as a courtesy to smithsons, $75 of freight was added to the invoice for which cash was paid by aquamarines. 26 after negotiations, granted a $100 allowance to smithsons for merchandise purchased on september 25. 29 received payment from smithsons, less allowance and discount. 30 received payment from jordan company, less return.

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false

Match the different financial task to their corresponding financial life cycle phases