A & B Commercial Cleaning is a new business. During its first year of operations, credit sales were $42,000 and collections
from credit sales were $31,000. One account for $625 was written off. Management uses the percent-of-sales method to account for bad debts expense and estimates 2% of credit sales to be uncollectible. What is the balance of Accounts Receivable at the end of the first year? A) $11,000
Answer: be tied to the performance of the entrepreneurial unit created from the idea.
Corporate Entrepreneurship refers to the process that's used in the development of new businesses, or products, in an existing organization for the creation of value and the generation of new revenue growth.
When establishing corporate entrepreneurship and an organization rewards should be tied to the performance of the entrepreneurial unit that was created from the idea.
You politely explain to the customer that the company strictly follows its return policy. The policy was clear in the first place. <u>You can also turn the return into an exchange,</u> so this doesn't affect the profitability of your business. This strategy can also lessen th<em>e negative comments</em> of the clients on your shop.
It can be time-consuming when it comes to talking to a frustrated customer. It even becomes harder when that customer tries to return the item late. Thus, it is very important that your policy is very clear from the start. You have to post them on your website, if you are an online shop owner or if you have a website for your shop. <u>This will make the customers aware and set their expectations after making a purchase.</u>
In partnership the partner share the profit / loss of a business and can also participate in the operation of the business. Corporation is is a form of large company they work for the common interest and sole proprietorship does not share the profit or operations of the company with others.