In SMART goal-writing criteria, the one that refers to being able to complete a goal is: Attainable
In determining a goal, we need to make sore that the Goal is possible based on our current ability, otherwise we just make ourselves and other people that we lead to a massive failure that could destroy our Morale as a team
Answer:
Cash Interest payable on Bond = $399,000*4.5% = $17,955
Discount to be amortized = ($399,000-$394,000)/20 = $250
Interest expense = $17,955+$250 = $18,205
Date Journal Entry Debit Credit
Interest Expense $18,205
Discount on bonds payable $250
Cash $17,955
When you think about calculating your small business's success, you ought to see how much revenue it produces. Obviously, when you are running a corporation, money is necessary. Your business is done without it. You will expand your company with it and continue to follow your entrepreneurial dream.
During a given time frame, the financial statement tests the success of your firm by displaying the gains and expenses of your corporation. The balance sheet reflects the financial stability of the organisation, calculating how much you owe and own. And the declaration of cash flow indicates how liquid cash is at the business.
Measuring market efficiency involves testing the company's cash flow. Check out the financial statements if you want to see how profitable the company is.
A perfect way to assess the success of your company and forecast progress is to know how many new clients you have. You might need to kick up your marketing campaign if your company is static with the same 25 clients.
See if current consumers are the ones buying from your firm. Create a customer list to manage clients with email addresses. That way, every month or year, you can easily count the number of new customers.
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Muhammad Yunus, The Grameen bank founder, was highly successful in applying social incentives through group responsibility to maximize loan repayment rates and created an incentive for other banks to offer similar loans to the poor.
Since Professor Muhammad Yunus founded Grameen Bank in 1976, several economists have analyzed the Grameen Bank's success in trying to eradicate poverty in Bangladesh, either theoretically or empirically. He used social incentives through group responsibility to maximize loan repayment rates and created an incentive for other banks to offer similar loans to the poor.
Social incentives refer to a wide variety of interpersonal motivations and rewards that encourage people to act in a socially valued and approved manner. Projecting a positive reputation and social image, obtaining social acceptance, and moving up the social hierarchy are all examples of social incentives.
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Answer:
b. Accounts receivables (gross) is reduced
Explanation:
As we know that
The journal entry to record the bad debt expense is
Bad debt expense A/c Dr
To Allowance for doubtful debts
(Being allowance of uncollectible accounts are recorded)
By passing this journal entry, both bad debt expense and the allowance for doubtful debts which result in a decrease in the net income and the balance of account receivable but the gross of account receivable would remain the same.