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Leviafan [203]
1 year ago
5

A mode of exchange that implies a specific location for the transactions to occur and allows or fosters the negotiation of price

-making is known as?
Business
1 answer:
Vesnalui [34]1 year ago
8 0

A mode of exchange that implies a specific location for the transactions to occur and allows or fosters the negotiation of price-making is known as a market exchange.

<h3>What is a Market?</h3>

This refers to the place or location where buying and selling of any commodity take place.

Hence, we can see that based on the fact that a mode of exchange that implies a specific location for the transactions to occur and allows or fosters the negotiation of price-making is known as a market exchange.

Read more about market here:

brainly.com/question/25754149

#SPJ4

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In 2013, Chandler Company had net credit sales of $1,125,000. On January 1, 2013, Allowance for Doubtful Accounts had a credit b
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Answer:

Debit : Bad Debts = $33,000

Credit : Allowance for doubtful debts = $33,000

Explanation:

The question states that the allowance for doubtful debts are expected to be 10% of the accounts receivables. As at 31 December, accounts receivables is $330,000

This means that the allowance for doubtful debts is it is: $330,000 x 10%= $33,000

An account for allowance for doubtful debts is a contra account created, predicting that certain debtors will not be able to pay for the goods and services they purchased. The 10% may be based on historical experiences. Doubtful debts aren’t officially uncollectible, it is simply an estimation made, but bad debts are, where you have officially written off a certain accounts receivable as uncollectible.

An allowance for doubtful debts is recorded in the balance sheet, directly under accounts receivables. Bad debts are recorded as an expense in the income statement.

The entry to record the above transaction is:

Debit : Bad Debts = $33,000

Credit : Allowance for doubtful debts = $33,000

When the amount is officially declared uncollectible, the allowance for doubtful debts account will be debited and the accounts receivables account will be credited.

3 0
3 years ago
Music class is often seen as a fun extracurricular activity. Generally, individuals that study music achieve more exceptional sc
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The underlying assumption of the argument above is that the individuals who study music tend to be more intelligent.

This can be infered in the statement that "Generally, individuals that study music achieve more exceptional scores in subjects such as math and language arts". In this case, a connection was emphasized between academics and music.

6 0
2 years ago
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Answer:

D

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Liquidation is when the business closes down or dissolves which means the business will not continue any further. Firstly all the assets are sold at their market value which differs from the actual cost or the book value and all the liablities are paid for (or compensated for). After paying all the due balances and receiving all receivables the gain or loss is divided amongst the partners according to their partnership agreement which states the profit/loss sharing ratio. in case of no agreement, the profit/loss is shared equally.

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What is a guiding principle of composite risk management?
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The basic principle for the risk management are as follows -

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