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tekilochka [14]
3 years ago
10

Creative Solutions Company, a computer consulting firm, has decided to write off the $11,750 balance of an account owed by a cus

tomer, Wil Treadwell.
Journalize the entry to record the write-off, assuming that the direct write-off method is used.
Business
1 answer:
Westkost [7]3 years ago
5 0

Answer:

DR Bad Debts Expense $11,750

CR Accounts Receivable $11,750

<em>(To record accounts receivable written off)</em>

<em></em>

Explanation;

Direct method of writing off involves removing the bad debt directly from the Accounts Receivable account instead of using the Allowance for Doubtful debt account.

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Suppose Brian is in the market for a used textbook and the campus bookstore is having a sale. If the initial price of the used b
Misha Larkins [42]

Answer:Percentage change  in the book price =7.17%

Explanation:

Initial Price of the  used  book = $73.25

Discounted price = $68.00

Percentage change  in the book price = Initial Price - Discounted price/ Initial Price) x 100

($73.25 - $68.00) /$73.25 =5.25 /$73.25 =0.07167

=7.17%

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Dollar Co. sold merchandise to Pound Co. on account, $25,500, terms 2/15, net 45. Pound Co. paid the invoice within the discount
aniked [119]

Answer:

$24,990

Explanation:

2/15 net 45 means that if the customer pays within the period of 15 days, he will get the discount of 2% of invoice amount, otherwise he has to pay the whole amount of invoice within the period of 45 days.

In the given scenario, since the Pound Co. has paid the invoice within the discount period, so therefore, the Pound Co. has availed the discount of 2% and accordingly the sales amount shall be recorded as follows:

Sales amount=Invoice amount*98%

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                       =$24,990

8 0
3 years ago
Dividing a diverse market into groups of customers who share similar traits or characteristics is the process known as:
victus00 [196]

Answer:

Market segmentation

Explanation:

Market segmentation is the process of dividing a market of potential customers into groups, or segments, based on different characteristics. The segments created are composed of consumers who will respond similarly to marketing strategies and who share traits such as similar interests, needs, or locations. A market segment is a group of people who share one or more common characteristics, lumped together for marketing purposes.

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Work environment includes physical and social surroundings of work.
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