Answer:
Wei Company
Journal Entry:
Debit Allowance for Doubtful Accounts $7,800
Credit Accounts Receivable $7,800
To write-off accounts determined to be uncollectible.
Explanation:
a) Data and Calculations:
Allowance for Doubtful Accounts (Balance) = $35,000
Uncollectible accounts:
Oakley Co. $1,400
Brookes Co. $6,400
Total = $7,800
b) The amount of $7,800 considered to be uncollectible is written off against the Accounts Receivable. This reduces the Accounts Receivable while correspondingly increasing the Allowance for Doubtful Accounts.
An electronic document in which data is arranged in the rows and columns of a grid and can be manipulated and used in calculations.
Microsoft excel and google spreadsheet are examples of some of the most common platforms used.
Answer:
d) relative to others instead of against performance standards.
Explanation:
Contrast error is one that occurs during performance rating where a person is not rated objectively, but against previous people who performed good or badly.
The person's ratings is affected negatively or positively.
A person that performs well subconsciously sets a benchmark in the mind of the rater, and he now rates future participants based on this benchmark and not on performance standards that have been set.
It is estimated the national cost of overweight and obesity combined each year is <u>113 billion dollars</u>
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<h3>What are Obesity and overweight?</h3>
According to the definition of obesity and overweight in the United States, these conditions are characterized by an increase in the size and number of fat cells in the body. Many things contribute to becoming overweight or obese, including habits including eating habits, lack of sleep or exercise, some medications, genetics, and family history.
Obesity is a long-term medical condition that increases the risk of heart disease, the number one killer in the US, and is associated with a wide range of other health issues, for example type 2 diabetes and cancer.
In the US, about a third of adults (20 and older) are either overweight or obese. Between the ages of 2 and 19, over 1 in 5 kids and teens are obese.
Learn more about obesity
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Answer:
In the context of business products,unprocessed extractive or agricultural products are called RAW MATERIAL
Explanation:
Raw material is the basic material from which a product is made or it can be defined as materials or substance in the primary production or manufacturing of goods
