Answer:
Accounts receivable $361,000 debit
Allowance for uncollectible accounts $560 debit
Net Sales $806,000 credit
0.4% of credit sales are uncollectible = 0.4% x $806,000 = $3,224
adjusting entry:
December 31, 202x
Dr Bad debt expense 3,224
Cr Allowance for doubtful accounts 3,224
Allowance for doubtful accounts is a contra asset account that reduces accounts receivable.
<span>How accurately do GDP statistics portray the economy and why Bloomberg? GDP stands for Gross Domestic Product, economist use the term domestic lightly because it's not always 100% accurate. These numbers are used for official data but are not always accurate. </span>
Answer:
$50 million
Explanation:
Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.
An economy is closed if it doesn't trade with other countries.
GDP = Consumption spending + Investment spending + Government Spending
$750 million = $300 million + Investment spending + $400 million
Investment spending = $50 million
I hope my answer helps you
Answer:
Planning - June 2017: Raised subscription fee to $25.50 per month from July 2017 onward. The budgeted number of subscribers for this monthly fee is shown in the July - September data table.
Control - June 20172017: Informed existing subscribers that from July onward, monthly fee would be $25.50.
Planning - July 2017: Offered e-mail service to subscribers and upgraded other online services.
Control - October 2017: Dismissed the vice president of marketing after significant slowdown in subscribers and subscription revenues, based on July through September 20172017 data in the July - September data table.
Planning - October 2017: Reduced subscription fee to $22.50 per month from November 20172017 onward.
Give two examples of other planning decisions - Raise or lower advertising fees and Charge a fee to on-line retailers when customers click from PostNews.com to the retailers website.
Give two examples of other control decisions - Evaluate how customers like the new format for the weather information and working with an outside vendor to redesign the website and evaluating whether the access waiting time has been reduced
Explanation:
There are different methods for planning and controlling the activities of a given company. Most of the methods used are based on the operation and service of the company. This is to ensure that the activities of the company are properly outlined for valuable customers to ensure they can access the necessary information they need.
Answer: meeting or exceeding budget
Explanation:
The options include:
a. Meeting or exceeding budget
b. Ethical considerations
c. Innovation and learning
d. Employee motivation
Corporate social responsibility simply refers to the responsibility of organizations to the society. It is when companies contribute to the goals of the society at large by engaging in charitable deeds or supporting practices that are environmental friendly or ethically viable.
The motivator that drives organizations to engage in corporate social responsibility include ethical consideration, employees motivation, innovation and learning etc.
Therefore, the option that doesn't motivate companies to engage in corporate social responsibility is meeting or exceeding budget.