Answer:
The correct option is A
Explanation:
Taobao is a online shopping market place in China but the website started to sale the counterfeit products which is a violation of the rights. So, the US representative blacklist the site. The reason for blacklist is to protect the national security as the counterfeit products if sold on the site then it would create problem for other online websites and which will create problem in the US trade.
<span>In a gdss, the USER is generally the decision maker.
GDSS (</span><span>Group Decision Support System) is a type of computer software which could analyze your data and create various choices to support your decision-making process.
The software will only give the user various <em>choices. </em>As for the Final decision , the users must be able to determine which choice that would be best for their organization</span>
Answer:
B. To convince your manager to use a new meeting organization tool
Explanation:
A proposal talks about the benefits of making a change, so it would be the right tool to convince your manager to use a new meeting organization tool.
Unlike a report which deals with something that happened in the past (answers A, C and D), a proposal talks about the future. It's a way to convince people to adopt new ideas or change the way things are done.
Answer:
a. Debit Allowance for doubtful debt $4,398
Credit Accounts receivable $4,398
Being entries to write off receivable due from Madonna Inc.
b. $739,480 before and after the write-off
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
The realizable value of accounts receivable before the write off is the net of the accounts receivable and the allowance for doubtful debt
= $762,000 - $22,520
= $739,480
This amount remains the same after the write off as the write off will reduce the balances in both the allowance for doubtful debt account and accounts receivable.
Answer:
The answer is: B) $340,000
Explanation:
Using the cost Recovery Method, the 2017 Income Statement for Lake Power Sports should begin with the following Sales numbers:
Current sales $0
Income collected from 2015 sales $340,000
<u>COGS $0 </u>
Gross profit $340,000
The cost recovery method recognizes revenue for calculating gross profit only when the cost of goods sold (COGS) has been fully recovered.
The COGS for year 2015 were fully recovered before 2016 ended ($340,000 + $340,000 - $510,000, surplus of $170,000), so all the income collected in 2017 will be considered for calculating gross profit.
The COGS for year 2016 were fully recovered by the end of 2017 ($640,000 + $512,000 - $1,152,000), without any surplus. So the income collected for the 2016 will be considered for calculating the gross profit for 2018.