Answer:
$9,900
Explanation:
With regards to the above, the percentage of credit sales method estimates bad debt expense by multiplying historical percentage of bad debt losses by the current period's credit sales.
Bad debt expense = Net credit sales × Bad debt loss rate
Bad debt expense = $198,000 × 0.05
Bad debt expense = $9,900
Therefore, estimated bad debt expense for the year is $9,900
Answer:
c. To focus on establishing a brand name
Explanation:
Specialty products are products that people want to buy because they are unique and are from a certain brand they prefer. According to this, the answer is that in this case, the objective of the manufacturers of Caroline Perfumes would be to focus on establishing a brand name because that would create customers' loyalty and they would be willing to make an effort to buy the product.
Answer:
$5,000
Explanation:
A perpetuity pays $250 every year
The appropriate interest rate is 5%
= 5/100
= 0.05
Therefore the present value of the perpetuity can be calculated as follows
= 250/0.05
= $5,000
Hence the present value of the perpetuity is $5,000
It should be noted that Consultative leader is never able to completely turn loose of the decision making authority of the management position.
<h3>What is Consultative leadership?</h3>
Consultative leadership can be regarded as a leadership style which focus on team building as well as making skills of others in making decisions.
Therefore, with Consultative leadership, decision can be made.
Learn more about Consultative leadership at;
brainly.com/question/25927714
Answer: FALSE
Explanation: The partnership agreement dissolves when any of the partners in the business dies or became bankrupt. Then the remaining partner or partners in the entity calculates whether the dissolving partner owed them money or are they obligated to pay his heir any amount.
After such calculations appropriate adjustments in different accounts are done accordingly.
