Answer:
$5,400
Explanation:
We are given the cash balance per books and we are told to determine the cash balance per bank. The following formula is used to calculate the cash balance per book:
cash balance per books = cash balance per bank + notes receivable collected by bank - bank service charge - NSF check
$5,710 = cash balance per bank + $1,000 - $90 - $600
cash balance per bank = $5,710 + $90 + $600 - $1,000 = $5,400
If you have anything you want to sell, you can setup an online business on eBay or Amazon for a monthly subscription for as little as $20/month.
Answer:
Bad Debts (Dr.) $18,000
Allowance for Doubtful Accounts (Cr.) $18,000
Explanation:
When the management expects that it will not be able to collect a certain amount of receivable, it records Bad Debts in the Profit or Loss and a Credit entry to it is charged to contra-asset account known as "Allowance for Doubtful Accounts". It should be kept in mind that, at this stage it is only the expectation of management that the receivable from customers will not be collected. When the management is certain about the default of customer, it write-offs the Receivables. This is done by debiting Allowance for Doubtful Account and crediting Accounts Receivables. Write-off has no impact on the Net Realizable Value (Accounts Receivables - Allowance for Doubtful Account).
Thanks!
Answer:
D. politics
Explanation:
Alien status to the company is a political issue faced by the company.
Answer:
Collaboration.
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.
The key principle of supply chain management can be best summed up as collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing, a wholesaler, and a retailer who typically sells the products to the customers or consumers.
Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.
