<span>Initially at Merritt's Bakery, all the labor was divide between the owners Bobbie & Larry. As the bakery grew it expanded and there were more people hired on an involved in the labor division. As they grew, Larry & Bobbie split the work with employees which included a front store sales and service manager, someone in charge of baking production, someone in charge of cake decorating, and a market director.</span>
These efforts are termed TRANSLATIONAL PHARMACOLOGY.
Translational pharmacology refer to the process by which researchers move the results of molecular and cell pharmaceutical research to the patients in the clinical settings who need the drugs and the evaluation of observed symptoms exhibited by the patient after the drugs are administered.
Answer:
1. bad debt expense debit 7940
allowance for bad debt credit 7940
2. allowance for bad debt debit 397
account receivable credit 397
3. account receivable debit 397
allowance for bad credit 397
4. cash debit 397
account receivable credit 397
Explanation:
the allowance will be the 1% of 794,000
then recognize the allowance for that ammount along with the bad debt expense
total write-off an account we decrease both, the allowance and account receivable
total reinstate the Parks account we do the previous entry backwards
lastly we post like any other collection from Account Receivable
Answer:
1)
Net working capital = Current assets - current liabilities
2,135 = Current assets - 5,320
Current assets = 7,455
Current ratio = Current assets / current liabilities
Current ratio = 7,455 / 5,320
Current ratio = 1.40
2)
Quick ratio = (Current assets - inventory) / current liabilities
Quick ratio = (7,455 - 2,470) / 5,320
Quick ratio = 0.94
Principle is the amount borrowed or invested in or from a bank or a financial institution. In this case the principle is $ 25,000, interest rate is 8% and the interest period is 5 years.
Thus amount to be paid after a period of 5 years will be 25,000 ( 1 +0.08)∧5
= 25,000 (1.08)∧5
=25,000 × 1.4693
=$36,733.20
To calculate the interest we subtract the principle sum from the Amount to be paid.
= $36733.20- $25000=11733.20
Therefore, interest =$ 11733.20