Answer:
No
Explanation:
This is not unethical because it is a common and acceptable practice among many reputable public companies in the United States to adjust their account statements according to their objectives.
Remember, every organisation had a right to decide It's accounting methods.
In this scenario, what both parties hope to achieve is to build up confidence from potential investors.
Answer:
Part 1. Marketing Department
Part 2. Sales Department
Explanation:
The Marketing department is the one which is responsible for creating product awareness among the target market segment customers. The marketing department assesses the best option to approach the customers present in the market segment. The option that will generate greater product awareness and is less costly to the organization is the best option that the market department tries to find to reach customers.
On the other hand, the Sales department is responsible to approach its potential customers to ensure that sales targets are met. They are the ones who will finalise the dealings between the company and the customer to sell the products or services.
Answer: Debit Bad debt expense $7,300; Credit Allowance for doubtful accounts $7,300.
Explanation: 5% of accounts receivable of $190,000 is $9,500. Remember the credit balance in Allowance for uncollectible accounts is $2,200 prior to any adjustment and this reports to the balance sheet. To reinstate this account to the required provision for uncollectible amount of $9,500, we need to adjust for the difference (that is, $9,500 minus $2,200 existing balance), which is $7,300. <u>Then, the entries above would be recorded. </u>
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Answer:
RL intends to and has demonstrated the ability to refinance the short term liability on a long term basis.
Explanation:
First of all, RL intends to refinance the short term liability but has not completed the process yet. What it is showing in the balance sheet is that they have the intention to do it, and that they have already negotiated with their debtors the refinancing procedure, but the procedure is not over yet. Refinancing a debt sometimes may take a long time specially due to legal paperwork (e.g. register an asset as collateral), but RL is showing that the process has already been agreed upon with the creditors and all they need is time to finish it.
I believe the correct answer from the choices listed above is option D. The scenario that demonstrates the function of money as a measure of value would be that Sharad decides to offer his services as a typist. he asks for $3 per page. a new client prefers $2 per page. They settle at $2.50 per page. <span>Closely linked with the service of </span>money <span>as a </span>medium of exchange <span>is its </span>function as a measure of value.<span>
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