Answer:
The correct answer is c) $9,000
Explanation:
If net credit sales are $300,000 and bad debt expense is estimated at 3% of net credit sales.
$300,000 x 3%= $9,000
or
$300,000 x 0.03= $9,000
The amount of the adjusting entry to record the estimated uncollectible accounts receivables is $9,000
Answer:
<em>Concepts like value and relationship marketing are important in designing a marketing program because such a program is what connects an organization to </em><em><u>it's costumer</u></em>
This kind of reasoning is said to be DEDUCTIVE REASONING.
Deductive reasoning is the process of reasoning based on multiple premises that are generally believed to be true. Deductive reasoning usually moves from the general to the specific. For instance, in the question given above, Jason reasoned that if other products are sold at discounted prices, then the items that are newly available will also be sold at discounted prices.
Answer:
The people in an economy have $25 million in money. There is only one bank where they deposit their money and it holds 10% of the deposits as reserves. What is the money multiplier in this economy?
D. 10
Explanation:
10% of $25, 000, 000= $2,500,000
Money multiplier in this economy is by 10
