Answer:
The answer is given below;
Explanation:
a. Bad Debt Expense Dr.$800
Account Receivable Cr.$800
b. $84,000*11%= $9,240
Credit balance in trail balance ($1,450)
Total $7,790
Bad Debt Expense Dr.$7,790
Account Receivable Cr.$7,790
C. Debit Balance $400
84,000*9%= $7,560
Total $7,960
Bad Debt Expense Dr.$7,960
Account Receivable Cr.$7,960
Aside from weekly dated merchandise reviews, product rotation should be completed during Stocking promo, quick pick, delivery day, planograms.
Product rotation is a way of reduce possible stock loss due to expiry. When rotating stock is certain to use the FIFO rule, and also confirm expiration on all products. If a stock item is about its sell-by date, stock may be deduced. Its price is lessened to get more attractive to customers.
Reduced stock is most often included in the rotation of stock, and as a result is moved to the front of the shelf before any un-reduced stock. Managing inventory and stock rotation are keys to success and profits to any retail institution.
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Answer:
oligopoly
Explanation:
According to my research on different franchise characterizations , I can say that based on the information provided within the question this market situation is known as an oligopoly. This term is defined as a market structure in where very few organizations control the whole market. This is situation that is being described in the question.
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<span>A combination of news covered by the media that boosts sales without having to pay is best described by the term public relations.
Public relation is a key correspondence process that constructs mutually beneficial connections amongst associations and their public.We can also define Public relations as the act of overseeing correspondence between an association and its public.</span>
Answer:Yes it should be reported.
$2.8 million should be reported in the the balance sheet as a liability.
Explanation: Contingent liabilities are liabilities that depend on the outcome of an event that may likely not occur.
Before they can be reported in financial statement, it must be able to estimate the value of such contingent liability and the liability must have a higher than 50% possiblity of being achieved.
If the value can be estimated, then the liability has a higher chance of being realised.
Qualifying contingent liabilities such as the $2.8 million estimated by Top Sound International should be recorded in the income statement as an expense and a liability on the balance sheet.
Therefore the $2.8 million liability should be reported in its 2018 balance sheet