Answer:
Marketing management.
Explanation:
Marketing management is defined as the process by which conception is implemented, promotion and distribution of ideas, goods and services aimed at satisfying organisational objectives.
It focuses on application of marketing orientation and techniques in an organisation, and management of a firm's marketing resources and activities.
Marketing management involves use or research by marketers for market analysis. Some of the research methods used are qualitative market research, quantitative market research, experimental techniques, and observational techniques.
Answer and Explanation:
for Accounts Receivable. At year-end, the L. Cole Company has completed services of $23,500 for a client, but the client has not yet been billed for those services:
accounts receivable is debited and service revenue is credited for $23,500 because the company has provided service to customer and so company would recognize revenue by crediting service revenue for increase in revenue and since the payment is not yet made accounts receivable being asset is debited for increase in balance.
for Interest Receivable. At year-end, the company has earned, but not yet recorded, $570 of interest earned from its investments in government bonds:
interest receivable is debited and interest income is credited for $570 because the company has earned interest and so interest is income for the company and so interest income is credited for increase in revenue. The interest is yet to be received by the company and therefore interest receivable being asset is debited for increase in balance.
for Accounts Receivable. A painting company bills customers when jobs are complete. The work for one job is now complete. The customer has not yet been billed for the $1,660 of work.:
accounts receivable is debited and service revenue is credited for $1,660 because the company has provided service to customer and so company would recognize revenue by crediting service revenue for increase in revenue and since the payment is not yet made accounts receivable being asset is debited for increase in balance.
Answer:
$2,500
Explanation:
Loan amount = $5,000
The car was auctioned for $3,000 and the parties involved in the auction transaction has to be paid before net income can be recognized.
Auction amount = $3,000
Less; Repo Man's Fee = ($200)
Attorney's Fee = ($300)
Net amount = $2,500
Loan amount = $5,000
Less net amount = ($2,500)
Loan Balance = $2,500
Answer:
Under classified balance sheet, common stock and retained earnings are reported separately
Explanation:
Under equity section of balance sheet, common stock and retained earnings are line items i.e they are reported under equity section of balance sheet separately.
The total of these two should also be separated i.e the total is a line item also. And this forms the total equity provided there are no other line items for the for the period again.
Answer:
Option A,$72000
Explanation:
Bad debt expense is computed on the net credit sales amount, in other words, the bad debt expense is 12% of credit sales of $600,000.
Bad debt expense=$600,000*12%
=$72000
Option C is wrong because the answer was arrived at by calculating 12% of $750,000 the net sales amount that also has cash sales of $150,000 included in it($750000-$600000)
Option B is wrong as the amount of sales returns and allowances of $50,000 was deducted from $600,000 prior to applying 12% allowance for bad debt
