Answer:
Adjusting entry the company made to record its estimated bad debts expense:
Bad Debts Expense 29,300
Allowance for Doubtful Accounts 29,300
Explanation:
The company uses the aging of receivable method to estimate uncollectible.
Estimated uncollectible would be $28,500
Before year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $800
Bad debts expense = $28,500 + $800 = $29,300
Adjusting entry the company made to record its estimated bad debts expense:
Bad Debts Expense 29,300
Allowance for Doubtful Accounts 29,300
Answer: An internal audit is being performed.
Explanation:
Internal Audit is a department or entity that provides structures, corporate organizations, and procedures for persons inside an organization with unbiased, objective assessments.
According to the Chartered Institute of Internal Auditors, the role of internal audit is to provide objective assurance that an organization's risk management, governance and internal control processes are operating effectively.
Answer:
The correct answer is letter "C": Mediations.
Explanation:
Mediations are alternative methods to solve conflicts that have the inherent goal of reaching an integral solution of the conflict for the parties involved avoiding to take the problem to court. During the mediation, the parties involved express their demands and a mediator comes to the best conclusion that benefits the parties as equal as possible.
Answer:
$43.75
Explanation:
Dividend discount model with zero growth assumes that the Company shall continue to pay the same amount of dividend in infinity. The formula for calculating price of such stock is
Price = Annual Dividend / Discount rate
Price = $3.5 / 8%
Price = $43.75 / per share
Answer: Nonrational
Explanation: The nonrational model of decision making comes in the aspects of deciding on and pursuing a method of action that will satisfy the minimum requirements to achieve a particular goal, increments, and understanding without deliberate thinking that are administrative and realistic in the decision-making process.
However, with nonrational decision-making involving uncertainty and lack of available information to carry out a reasonable decision, there is a possibility of adverse results with the decision made and the likelihood of an effect tending to cause harm to the organization respectively. Also, this model of decision making is expensive and time-consuming altogether.
