Answer:
The answer is A.
Explanation:
According to the details given in the question on the two financial advisor's approach, the first advisor does not request a payment but a commission on the funds purchased with the inheritance money. The second advisor does request payment for the job and also a share on the assets managed with the inheritance money.
If Kirby wants to minimize the upfront expenses which can be described as the sum that is paid before a service or a job is done, then the first advisor is the better option. So the answer is A.
I hope this answer helps.
Answer:
Paul's learning style is that of a <u>Assimilator(a)</u>
Explanation:
- The Assimilating learning style lays emphasis on concept and logic.
- The people with Assimilative learning style prefer to gather wide range of information and then they organize it in clear ,logical format.
- These people are attracted towards logical theories like analytical models.
The answer is D. Demand Schedule
Answer:
The adjusting entry which is to be recorded is shown below:
Explanation:
The adjusting entry which is to be recorded is as:
Bad Debt Expense A/c..................................... Dr $14,740
Allowance for Doubtful Accounts A/c...............Cr $14,740
As the company records the bad debt expense at the end of the present year
Working Note:
As the company used the percent of receivables sales
Amount = Accounts receivables × Percentage of ending receivable
= $446,000 × 3.0%
= $13,380
Bad debt expense amount = Amount - Debit balance of allowance for doubtful accounts
= $13,380 + $1,360
= $14,740
Describe how you will operate your business in terms of your involvement. If I were to own and operate my own business, I would make sure to have a good management team in place that can handle business happenings incase I am not able to be there. I would want to be highly involved from training employees at lower levels, to making sure those who work in high positions all carry out the same ethics I would like the company to encompass. It would be important for me to be as involved and present in the business I own as possible
