Answer:
The answer is: D) $5,800
Explanation:
The doubtful accounts should have a total balance of $6,000, representing 1% of total sales (= $600,000 x 1%).
Since doubtful accounts balance is only $200, you must entry a debit record of $5,800 (so that the total balance of that account is $6,000).
1. In choosing a financial institution you must consider how frequently the bank responds, how long they operate on the weekends, the notary services they are offering, the loans you can get and their financial strength among others. The most important factor to consider would be the institution's financial strength since you must only put your trust in institutions with high strength.
2. One good thing about the U.S. savings bonds is their security and the fact that the investments that you will make in these bonds will not cost you any form of state or local taxes. Cons would include its complexity though as it can get hard for you to identify when the bonds will mature, their interest rates, when to know how to cash them, and their current value.
3. If you put your trust in the so-called "problematic" financial institutions, you are basically gambling your money away. First of all, as mentioned earlier, you must only put your trust in banks with a healthy financial strength since problematic ones will be unreliable and unsafe. Trusting them can lead to your money being stolen or you can also be bombarded with additional fees.
4. The state and local government have laws that will protect the consumer from unfair practices or frauds. As an individual, you can add more security to protect yourself and your money. This protection includes setting up alerts on your bank account, adding a two-step verification on your emails so no one can access it easily, as well as avoiding calling lists.
5. One major advantage is that the Federal Deposit Insurance Corporation has a $100,000 guarantee per institution so your investment won't be totally gone during unfortunate circumstances. The disadvantage, on the other hand, is that the interest rates on federally-insured accounts are below the inflation rate so you can expect a decrease in the value of your money over time.
Answer:
a. the flow of relevant information to the decision maker should be enhanced
Explanation:
Decision making is very crucial in every business institution and organisation.
Results of decisions can help to foster rapid development or hamper the progress of a company.
- When moving decision making arm from the periphery to the center, communication should be restrategized.
- Since the periphery arm is at the fringe, better strategies which will help to avoid road blocks through bureaucracies in an organization must be eliminated.
- There should be proper flow of important information to decision makers which will help further the interest of an organisation.
Answer:
The first transaction will be recorded as a note receivable, whereas the second transaction will be recorded as an account receivable.
Explanation:
Answer: The correct answer is "a. a release.".
Explanation: If Brick and Carmen have an accident in a car, and Brick offers Carmen $ 2000 to not initiate legal action and she accepts but then realizes that it will cost $ 1500 to repair her car and $ 4000 medical expenses The agreement between Brick and Carmen is <u>a release.</u>
