Answer:
Here is one of the problems to be discussed in a "Strong Strategic Plan".
Explanation:
Answer:
1. Age group = A
Amount of Accounts Receivable = B
Estimated % uncollectible = C
Estimated Amount Uncollectible = D
A B C D(B*C)
Not yet due $270,000 5% $13,500
1-45 days $37,500 10% $3,750
Over 45 days $15,000 15% $2,250
Estimated amount required in Allowance $19,500
for Doubtful Debts (Credit Balance)
Current Balance in Allowance for $67,500
Doubtful Debts (Debit Balance)
Required charge to Bad debts Expense $87,000
for the year
Thus, the Estimated 12/31/2021 balance for Dhaliwal’s allowance for uncollectible accounts (Credit Balance).
2. Journal Entry
Date Accounts and Explanation Debit Credit
Dec. 31 Bad debts Expense $87,000
Allowance for doubtful accounts $87,000
(To record the estimated bad debts)
Andrea and Karl got married a year ago and are ready to move out of their apartment and into a new home. After looking at several houses, they have developed a list of features that are important to them and that are different among the homes they have visited. The features on their list are called determinant attributes.
The attributes that are very essential for the determination of final choice of buying a good or services are called as determinant attributes. These attributes are considered as an important thing that the buyer ultimately use for purchasing a product and also uses them to compare and differentiate the features of other products or services.
In the example given, Andrea and Karl list a set of features that are very important to them and they compare with the homes they visited. Thus these list of features will be considered as determinant attributes with which they decide the home to which they shift.