Answer:
$26,600
Explanation:
Bad debts expense based on a percentage of credit sales requires an adjusting entry equal to the percentage of credit sales; no consideration is given to the ending balance of the allowance account when computing the adjustment.
The adjusting entry will include a credit to the Allowance for Doubtful Accounts account for $26,000 (or $650,000 x .04).
Note, however, that this question asks for the ending balance in the allowance account.
Since there is a $600 credit balance prior to adjustment, the balance in the allowance account after adjustment will be $26,600
(the credit balance of $600 + a credit of $26,000 will yield an ending credit balance of $26,600).
Our attitudes about leadership have changed drastically in recent years, with the foundations having been built by Burns in 1978. One of the most important types of leadership is the transformational type. In this type of leadership, the leaders are not just rewarding their followers by strict adherence to office norms, but they can inspire and motivate them. For these leaders and their groups, the job is of secondary importance and goals like completing the project have precedence. They are usually innovative, encouraging and bring change to their environment.
Answer:
a. per diem
Explanation:
The salesman's job responsibility to increase the sales for the company through which the company could accomplish its future goals. In exchange for that, the salesman gets the remuneration the company hired for.
As when the salesman travels for his company, he has given the specific amount for food, travel, and hotel per diem. The per diem is a Latin word that means per day.
The daily allowance is given by the company to a salesman with the hope that the salesman perform his duties well so that he could be appraised in the next new months with respect to the promotion and other perks