if he have 25 in the way you want to be ready to be in a society that is a very important thing
Answer:
$33,000
Explanation:
assets = liabilities + stockholders' equity
assets include current assets + non current or fixed assets = $5,000 + $28,000 = $33,000
liabilities and stockholders' equity include current liabilities + long term liabilities + equity = $4,000 + $12,000 + $17,000 = $33,000
both sides of the accounting equation must always be equal, that is meant by balance.
Answer:
It is generally not recommended to use a combination of both quantitative and qualitative methods.
Explanation:
For business success it is important to use a combination of qualitative and quantitative methods.
Quantitative methods involves getting insight from data by using formulas, models and other mathematical methods to draw conclusions. Facts and logic is used to make business decisions.
Qualitative methods involve insights that is not based on mathematical methods, for example finding out what motivates consumer spending. It uses tools such as surveys and interviews.
Answer:
The Journal entries are as follows:
(a) On February 1,
Allowance for doubtful accounts Dr. $8,800
To Account receivable-Oakley Co $1,900
To Account receivable-Brookes Co $6,900
(To record write off)
(b) On June 5,
(i)
Account receivable-Oakley Co. Dr. $1,900
To Allowance for doubtful accounts $1,900
(To record amount reinstated)
(ii)
Cash A/c Dr. $1,900
To Account receivable-Oakley CO $1,900
(To record cash received)
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