Answer:
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Answer no 1
Bringing down the estimate for far fetched accounts makes the benefit bigger by paying off Bad Debt Expense and makes the Balance Sheet look better by exaggerating Assets. Since the contra-resource Allowance for Doubtful Accounts would be downplayed.
Answer no 2
This activity of change the stipends for far fetched accounts isn't inside the rights and zone of control of a director and is a moral infringement. No chief ought to have the option to transform anything inside the bookkeeping capacity. A supervisor ought to deal with the business, not the accounting for that business.
Answer:
Current Assets :
Work in process inventory 23,000
Raw materials inventory 17,000
Finished goods inventory 35,000
Supplies 500
Accounts receivable 4,000
Prepaid expenses 2,000
Short-term investments 25,000
Cash 22,000
Total 128,500
Explanation:
Current Assets are always shows in the order of their liquidity in the Balance Sheet. That is the order in which they are quickly be converted into cash within a period of less than 12 months. Start with the Inventories to cash and cash equivalents as shown above.
Answer:Chain of command and unity of command help to ensure clear reporting relationships exist and eliminate the confusion caused by multiple, conflicting directives
Some companies positively harness the power of rumors to create buzz about a new product launch. Option C. This is further explained below.
<h3>What are rumors?</h3>
Generally, rumor is simply defined as a tale or report that is now doing the rounds but whose veracity is questionable.
In conclusion, In certain cases, corporations use the power of rumors to promote a new product introduction.
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