The environment and the workplace are changing due to the development of disruptive technologies that have transformed the relations of production and labor into a phenomenon called globalization. After globalization, companies started to produce in territories where labor is cheaper, opening new jobs, new markets for products and new forms of demand, such as online shopping. Understanding all this change is a complex task, but it is important for workers to understand the trends of the globalized world and to prepare to achieve the desired jobs.
Answer:
'Bad debts write off' AND 'Recovery of Bad debts written off'
Explanation:
The Journal entry to write off a bad account affects only balance sheet accounts:
a debit to Allowance for Doubtful Accounts and a credit to Accounts Receivable.
No expense or loss is reported on the income statement because this write-off is "covered" under the earlier adjusting entries for estimated bad debts expense.
HOWEVER in scenario 2 where transaction involves a cashflow, it is a bad debt recovered transaction because upon recovery of bad debt previously written off
a debit to CASH and credit to Bad debts recovered account
Answer:
The first transaction should be to write-off of an uncollectible account (or bad debt), while the second transaction refers to the collection of a previously written-off bad debt.
Explanation:
The journal entry to record the write-off of an uncollectible account:
Dr Bad debt expense
Cr Allowance for uncollectible accounts
Allowance for uncollectible accounts is a contra asset account that reduces accounts receivable.
The journal entries to record the collection of a bad debt:
Dr Accounts receivable
Cr Bad debts expense
Dr Cash
Cr Accounts receivable
The collection of the previously written off bad debt increases cash flows.
B.Certificate of deposit
C.Savings bond
D.Money market savings
writing skills
self-representation skills
time-management skills
teamwork skills
Answer:
self-representation skills
time-management skills
Explanation:
Kelly works with people who have a busy time and her meetings should be quick and objective. To do this, she needs to have effective communication skills, must know how to represent herself very well, as this will be associated with her credibility in resolving issues, and she must know how to handle the time properly to take advantage of the short meeting time she will have with each client.
B. low interest rates on creditors over a long period
C. federal reserve discount rate reductions on the bond markets
D. a required reserve ratio on excess reserves
I need help on this, Unit 6 Lesson 10, please. CCA
Answer: a cash deposit into banking system on the money supply
The money multiplier refers to the ratio of deposits to the reserves in a certain banking system. The money multiplier formula is caused by a cash deposit in a bank on the money supply.