Saturn inc. is in the<u> "strategy formulation"</u> phase.
Strategy formulation is the procedure by which an association picks the most suitable courses of action to accomplish its characterized objectives. This procedure is basic to an association's prosperity, since it gives a system to the activities that will prompt the foreseen results. Key designs ought to be conveyed to all representatives with the goal that they know about the association's destinations, mission, and reason. Strategy formulation powers an association to deliberately take a gander at the changing condition and to be set up for the conceivable changes that may happen.
Answer:
a. debit to bad Debt expense for $3,300
Explanation:
The Journal entry is shown below:-
Bad debt expenses Dr, $3,300
To Allowance for doubtful accounts $3,300
(Being bad debts expenses is recorded)
Therefore to record the bad debt for the period we simply debited the bad debt expenses as it increase the expenses and on the other hand we credited the allowance for doubtful accounts as decrease the assets.
So, the right answer is a. debit to bad Debt expense for $3,300 option.
Working Note:-
Bad debt expenses = Estimated uncollectible - Credit balance
= $4,500 - $1,200
= $3,300
Answer:
b. the par value of all capital stock issued.
Explanation:
As per the business format, capital of a company is the value of share capital.
Now, also legal capital means the share capital issued as this reflects the legal share of individual investors in the company.
Authorized capital is the value of maximum capital that can be issued by the company in the form of equity shares.
Issued capital is that part of authorized capital that is actually issued.
And therefore, the par value that is the face value of shares issued, that is equity issued is the legal capital of the company.
The main purpose of a business is to make profit. A businessmen will feel secure to operate his business activities in a country where he feels himself and his business activities secure.
When the shops and malls are looted in a country, the businessmen will have feeling of insecurity and so they will shut down their business activities because whatever profits they make from running business, it is looted by robbers.
There is always some social responsibility of the citizens that even in case of emergency situations they should not be unethical activities and indulge in criminal activities.
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