Answer:
555,000
Explanation:
Sunlad assets on December 31 2017 can be calculated as follows
= equipment + cash + supplies + account receivables
= 229,000 + 203,000 + 33,000+ 90,000
= 555,000
Hence Sunland total assets in December 31 2017 is 555,000
Answer: contingency
Explanation:
Contingency planning is a form of planning that is used by an organization in order to plan ahead in case an event occurs. Contingency plans can also be called a 'Plan B' due to the fact that it's an alternative action in case things does not go as planned.
Therefore, based on the question, Pinnacle is practicing contingency planning.
Answer: Person who enjoys the benefits of a collective good, action, or service without any effort on their part.
Explanation:
In Economics, Free riders are people who benefit from resources and/or goods that are communal in nature and yet either do not pay or pay an insubordinate amount for enjoying same. Essentially they enjoy the benefits of a collective good without any effort on their part.
As a result, the good might become overused and degraded as it is not being maintained enough.
Answer:
A credit entry of $96,000
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% * $600,000
= $60,000
Amount written off of $90,000 would have made the balance in the allowance for doubtful debts to
= $90,000 - $54,000
= $36,000 (Debit)
However, the balance in the account at the end of the year should amount to $60,000 hence the adjustments required
= $60,000 + $36,000
= $96,000 (credit)
This is an example of Bandura's theory of "reciprocal determinism".
As indicated by analyst Albert Bandura, reciprocal determinism is a model made out of three factors that impact conduct: the environment, the individual, and the behavior itself. As per this theory, a person's conduct impacts and is affected by both the social world and individual qualities.
Reciprocal determinism is the possibility that conduct is controlled or dictated by the person, through psychological procedures, and by nature, through outside social upgrade occasions.
