Answer:
$28,000
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Given that Past experience indicates that the allowance should be 10% of the balance in receivables
Allowance = 10% * $150,000
= $15,000
Since during 2018, $29,000 of uncollectible accounts receivable were written off
Balance in allowance account before adjustment
= $29,000 - $16,000
= $13,000 (Debit)
Required adjustment for Doubtful Accounts at December 31, 2018
= $13,000 + $15,000
= $28,000
Answer:
Short-term incentive
Explanation:
The reason is that long term incentives are based on achiving goals that take more than a year and short term goals achievement duration is less than 12 months. This means that the profit maximization benefit is short term goal and the incentive on short term goal is short term incentive.
The company has gained the tax advantages by including the payment of the bonus in thier retirement plans which is an example of short term incentive.
It is maintaining product image
1.)The percentage of every business that is a partnership is only 7%. Many people prefer to not have partners in their business because of problems it can cause if one can't afford the business anymore.
2.) One major advantage of a business that is a partnership rather than a sole proprietorship is that <span>the responsibility for the business is shared. This way one person does not have everything put on them and they won't have so much stress.
3.) </span><span>The difference between a limited partnership and a limited liability partnership is that when they are in a limited partnership, all partners are limited from liability in some situations.
4.) An asset in a company is the money and other valuables. An example is a diamond store, the assets would be all the inventory of gems and all the money they have.
5.) A general partnership is organized in a way that every partner shares equally in bother the responsibility and the liability. </span>
Answer:
Yes the given statement is true.
Explanation:
Trauma is defined as a deep disturbing, bad or stressful experience. When a person experiences a distress situation, a highly disturbing event, he or she is said to have experienced a trauma. Trauma is defined by the individual person who experienced it. There might me many persons who are affected by the bad experience, but trauma is considered on individual level. For example if someone loses his most near and dear one, he may face trauma. I can give you my personal example, when my mama passed away, i was in a state of trauma. I felt so devastated, and experienced an extremely stressful condition because i was so much attached to her and her sudden death left me in trauma.
So this is something which is always at an individual level.
