Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
C) Cooperative structure; a bonus for increasing organizational performance
Explanation:
Since apparently Ortiz's bad performance actually helped Ramirez and the whole organizational to exceed expected profits, then he should also receive a bonus for his participation in increasing the company's profits.
I'm not sure how this can happen, maybe the company operates two supermarkets and since Ortiz's supermarket operated really badly, then Ramirez's supermarket exceeded expected sales.
Depends upon what you call entry level jobs and where you're at i've seen anything from 30k to 70k
Answer:
A Tying Contract
Explanation:
If a seller requires an intermediary to purchase a supplementary product to qualify to purchase the primary product the intermediary wishes to buy, it results in a tying contract. It is mostly treated as an illegal because it pushes intermediary organization to buy other products if they wishes to purchase the products which is actually needed to be purchased. Some companies make it compulsory for their intermediaries in doing so. For example, if you have to buy 10 packs of Lays, then you must be buying 5 extra boxes of Pepsi as well. It is being done because of the power and market share that company is enjoying in the market, so they take its advantage.
Answer:
- What is the amount of bad debt expense?
Bad debt expense $ 90
Explanation:
The initial account balance was
Accounts Receivable $ 10,000
Allowance for Uncollectible Accounts $ 100
The aging of accounts receivable method indicates that the Allowance for Uncollectible Accounts must have a $190 balance.
Acc. Rec Allow.
$ 9,000 $ 90 1% 1-30 days
$ 1,000 $ 100 10% more than 30 days
$ 10,000 $ 190
The journal entry adjustment add up to the balance of Allowance for Uncollectible Accounts to complete the $190 indicated by the aging of accounts receivable method.
Bad debt expense $ 90
Allowance for Uncollectible Accounts $ 90
- So the final balance of accounts are:
Final Balance
Accounts Receivable $ 10,000
Allowance for Uncollectible Accounts $ 190