Answer:
Debit Bad debt expense $9,257
Credit Allowance for doubtful accounts $9,257
(To record bad debt expense during the year)
So the amount of adjusting entry is $9,257.
Explanation:
The estimated total uncollectible amount was given as $6,622 meanwhile the company had a debit balance of $2,635 prior to the adjustment. This means $2,635 would be added to $6,622 to arrive at $9,257. That amount would serve as the adjusting amount in order to reinstate the balance in the allowance for doubtful accounts to $6,622.
So net realizable value of accounts receivable would be $38,098 ($44,720 - $6,622).
Answer:
Uncollectible Accounts Expense $ 9257
Explanation:
Accounts Receivable balance $ 44,720
The estimated total uncollectible accounts $ 6,622.
Unadjusted Allowance for Uncollectible Accounts 2,635 Dr.
Adjustment Required ( $ 6,622+ 2,635)= $ 9257
Adjusted Allowance for Uncollectible Accounts $ 9257 Cr
The Allowance for Uncollectibles must always have a credit balance . As we have a debit balance we add it to get the required credit balance adjusting amount.
The amount of the adjusting entry for
Uncollectible Accounts Expense is $ 9257
and the entry is
Bad debts Expense $ 9257 Dr.
Allowance for Uncollectibles $ 9257 Cr.
B. downsizing.
C. constant marketing.
D. regular saving.
Answer:
1. One of the unexpected drawbacks of starting your own business is:
Loneliness
2. Meeting clients in person instead of talking with them on the phone can help to reduce _______ when you own your own business.
Loneliness
3. The freedom of working for yourself is necessarily limited by
Your own skills and abilities
4. Which of the following is an example of a franchise?
Radio Shack
5. When you first started your new business, you were so excited about the large volume of orders you had. One year later, you find that your orders are less than half of what they were in the beginning. What is the most probable cause of this decrease in order?
You failed to continue your marketing efforts.
6. As a noncommissioned employee in a company, your pay rate is most likely based on
The going rate for your job
7. After you open your new business is not the best time to
Conduct research on your product
8. The best way to avoid cash flow problems is
Constant marketing
9. A great business idea is
The beginning of a great business.
10. One of the advantages of starting your own business is
Profit
11. Which of the following is an advantage of starting a new business?
You don't have to compensate for someone else's mistakes
12. The number one reason for failure of new business is
Insufficient cash
13. Of all new business, how many make it through their second year
20%
14. What is one of the advantages of buying an existing business?
Its track record lets you know what to expect
15. Of these types of businesses, which one requires the most drive and motivation?
A new business
16. What is the failure rate for a franchise?
5 percent
17. The price for predictability is often
Long-term boredom
18. How will you save money by buying a franchise?
You can get a volume discount on your products
19. Asking yourself "What can I do to build a loyal customer base?" is an example of
Creativity
20. The freedom to make your own decisions can be limited if the business you choose is a
Franchise
All of these answers are completely 100% correct.
Hope this helps! ;)
The best way to avoid cash flow problems is C. constant marketing. option C is correct.
The goal of marketing is to generate interest in the goods or services that your business offers. Understanding the interests of your potential customer and conducting market research enable this. Marketing pertains to all aspects of a business, including product development, distribution methods, sales, and advertising.
Marketing is the process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods and services; potentially including selection of a target audience
Therefore, option C is correct.
Learn more about marketing at;
#SPJ6
b. incentive theory
c. drive-reduction theory
d. your lack of will power
Answer:
This can be best explained by "incentive theory".
Explanation:
When your behavior is motivated by your desires, and that motivation may come from the environment, this is known as incentive theory. We can see the example of this theory in the given scenario which is related that a person is full but when he smells cinnamon buns he want to eat that, that smell motivate him to buy that bun.
Talents are abilities that people are either born with or can improve upon.
In this case flying a plane and having good grades are great talents.
Orlando cannot improve his eyesight by just trying harder. Having long legs is a natural attribute, but not a talent.
Answer: Orlando has good eyesight.
Mabel has long legs that help her run fast.
i just did that on ed and got it right sooooo
b. What will its future value be if the CD pays 5 percent interest? If it pays 15 percent interest?