The Allowance for Doubtful Accounts T-account will have the <u>estimated bad debts from the adjusting entry</u> sales discounts .
Doubtful account
An allowance for doubtful accounts is considered a “contra asset,” because it reduces the amount of an asset, in this case the accounts receivable. The allowance, sometimes called a bad debt reserve, represents management's estimate of the amount of accounts receivable that will not be paid by customers.
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When comparing Mexico to Scotland, you would expect Scottish workers to have greater productivity and higher labour cost per worker
Explanation:
One may expect that a Scotland plant will be less labour intensive and efficient per worker than just Mexican facilities as a more advanced technological nation and that "higher productivity and low labour cost" will be the right answer.
Both possibilities for lower productivity can be excluded as they demonstrate lower productivity. "Higher productivity, but less energy per job" is not the solution because it recognises lower labour costs per worker rather than higher.
The increase in labour productivity relies, according to certain studies, on three key factors: innovation and capital goods saving, modern technology and human capital.
People skills
if you dont have people skills you wont be able to properly care for the customer
Answer:
Percent increase as a result of expansion = 30%
Price of admission = $35
Cashflow attributable to the park's expansion = Estimated attendance without expansion * percent increase as a result of expansion * admission fee - additional operating costs per year.
Year 1
= 31,000 * 30% * 35 - 100,000
= $225,500
Year 2
= 35,000 * 30% * 35 - 100,000
= $267,500
Year 3
= 36,750 * 30% * 40 - 100,000
= $341,000
Year 4
= 38,500 * 30% * 40 - 100,000
= $362,000
Year 5
= 42,000 * 30% * 40 - 100,000
= $404,000
Answer:
In the books of seller, cash discount is deducted from the invoice price when the buyer pays earlier or on the date/term stipulated
Explanation:
- An early payment discount or cash discount is the reduction in invoice price due to payment before the due date.
- A number of factors should be considered to see how much discount should be provided . Some of them are: check the cash discount offered by competitors, and check the payment history of the customer.
- This strategy helps close the gap in cash flow and boost the working capital.
