Answer and Explanation:
The Journal entry is shown below:-
Bad debts expense Dr, $2,000
To Accounts receivable-Hopkins $2,000
(Being write off is recorded)
Here we debited the bad debt expenses as it increased the expenses and we credited the accounts receivable as it reduced the assets so that the proper posting could be done
The two methods used to identify job opportunities are identify the area of specialization and train yourself according to that specialization.
Explanation:
The job offers can be found through Networking, Referrals, company websites, job fairs and social media.
The another method is through employment agency, are agencies that are trying to match up the job applicants to job that suits them. They have a connection with the organization and there is a high probability of landing a job with the organization.
Also, it is necessary to upgrade yourself to the area of specialization. If IT skilled then the job seeker should train on it to get placed on that relevant organization.
The kettle falls five case illustrate a weakness of a
federal system in such a way that f<span>ederalism limits
political power and that it depends on compliance of state.</span>
<span>The federal system also aggravates the efficiency in awareness of Policies and its implementation.
The kettle falls five case was very surprising.</span>
Current profit maximization and target return are two strategies used by firms that are pursuing a profit pricing objective.
A profit-oriented pricing objective means that a company tried to earn maximum profit with every sale or service provided, and achieve long term business profits.
Current profit maximisation is a price setting objective in which organisation set a price for a product that will give maximum profits, cash flow or return in short term without considering long term.
Target return pricing is a method where the firm determines the price on the basis of a target rate of return on the investment.
The two strategies that a firm use while pursuing a profit pricing objective is current profit maximization and target return pricing.
Learn more about profit pricing objective here
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The advantages of entrepreneurship include the ability to shape one's own business, control of one's own working habits, and significant stock in the venture. Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business. Higher take-home pay.
Tax relief on business expenses.
Greater opportunity for tax planning.
Total control of your business and name.
One company for all your business interests.
Limited liability and protection of personal assets.
