Answer:
This is an example of: <u>Publicity</u>
Explanation:
Publicity is the process to make a product or service visible to all the people through the different forms of communication so they will be interested in buying it. Publicity involves traditional means of advertising like a press release or a radio ad and other means like social media. According to this, this is an example of publicity as BMW posted a video of the new Model 3 on its website to make the product visible to potential clients.
Answer:
The adjustment to record the bad debt expense for the period will require a debit $3,654
Explanation:
There are two way to estimate uncollectible accounts: the percentage of sales method and the accounts receivable aging method.
The company uses the accounts receivable aging method to estimate the uncollectible accounts and estimated uncollectible of $4,979
Before adjustment, Allowance for Doubtful Accounts has a $1,325 credit balance.
Bad debt expense for the period = $4,979 - $1,325 = $3,654
Answer:
The most that Johnson would be willing to spend on this project is $167706.
Explanation:
the most that Johnson would be willing to pay
$42000*3.993
= 167706
Therefore, The most that Johnson would be willing to spend on this project is $167706.
