A key element of strategic account management is involving a senior level manager on the sales and buying teams in relationship development, product configuration and after sales services. Strategic Account Management is a company wide initiative complex that focuses on creating a mutual and beneficial relationship with the company most important customers and partners.
A concave mirror because a concave mirror can focus light rays to a point
Answer:
I think it is 200,250 but I can’t see what is above so I don’t know for sure send a link so I can see the picture above.
Explanation:
THE PRINCIPAL IS THE $3000 WHICH SAM INVESTED.
In accounting, the principal refers to the amount of money which the investor used to do a particular business over a specific period of time. The profit made during this period is called return on investment [ROI]. In the question given above, $300 is the return on investment.
In the case of borrowing, the principal refers to the total amount of money that is borrowed for a period of time. The money will have to be repaid with an interest on it.
Answer: Debit: Litigation expense $300,000
Credit: Litigation liability $300,000
Explanation:
Loss contingency is typically a charge to expense for a future occurence in this case, a lawsuit. A loss contingency simply makes the economic entity to be aware at an early stage of the loss and its likely financial implication.
The entries that Buchanan should record to recognize this loss contingency will be to:
Debit: Litigation expense $300,000
Credit: Litigation liability $300,000
