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Snezhnost [94]
3 years ago
5

Proctor & Gamble departmentalizes by Tide, Pampers, Charmin, and Pringles. This is an example of departmentalization by

Business
1 answer:
bonufazy [111]3 years ago
8 0

Answer:

Product

Explanation:

Departmentalization - This is the breakdown of a single business into smaller unit under the same coordination for administrative and operational convenience.

Departmentalization by product - When business entity is divided into smaller manageable unit along the line of products produced by the organisation, that is what we called departmentalization by product.

Identical products or products with similar  characteristics are placed under the same department.

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A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una
ValentinkaMS [17]

Answer: $5,440

Explanation:

When using the percent of sales method to determine bad debts, the company estimates a percentage that it believes will results in uncollectible debt and then applies it to the sales/revenue figure. The figure that is calculated is then debited along with the debit balance on the Allowance for doubtful accounts to the Bad debts account for the year and credited to the Allowance for doubtful accounts.

This company estimates that they will have 0.6% of credit sales uncollectible.

There are also $790,000 in sales of which all are on credit.

The Uncollectible estimate is therefore,

= 790,000 * 0.6%

= $4,740

This figure is then added to the debit amount on the Allowance for Uncollectible Accounts.

= 4,470 + 700

= $5,440

Note; A debit balance on the Allowance for doubtful debt account signifies that the bad debts were higher than anticipated the last time. This is why the figure is added to the current bad debts expense.

6 0
3 years ago
Is it true savings vehicles are never insured
enyata [817]
No it is not true savings vehicles can be insured.
7 0
3 years ago
g Suppose the own price elasticity of demand for good X is -3, its income elasticity is 2, and the cross price elasticity of dem
kozerog [31]

Answer:

Sry, I can't understand anything at all!

7 0
3 years ago
A balance sheet that displays assets and liabilities into current versus noncurrent categories is commonly called a:________a) c
Semenov [28]

Answer:

c) classified balance sheet.

Explanation:

A classified balance sheet can be described as a balance sheet in which the information about assets, liabilities, and shareholders' equity of a company is presented by aggregating or classifying it into subcategories of accounts.

The advantage of a classified balance sheet is that it easier to read and it makes it easier for readers to obtain required information than when the information is just presented in a large number of line items.

The classifications mostly used within a classified balance sheet include  Intangible assets, fixed assets (or Property, Plant, and Equipment), current assets, current liabilities, long-term liabilities, and shareholders' equity.

In accounting, the addition of these classifications is required to match the accounting equation stated as follows:

Total assets = Total liabilities + Shareholders' Equity

4 0
3 years ago
Can you describe cody's current financial position as good average or poor
Slav-nsk [51]
The question was based on https://www.longbranch.k12.nj.us/cms/lib/NJ01001766/Centricity/Domain/661/Codys_Statement_of_Financi....

If we would divide the given facts into assets and liabilities the answer is poor. He went below because of his spendings.

Assets                                            Liabilities
TV-                    250                         student  loan          2600
Mp3 Player       200                         credit card 1             850                                  Laptop              750                         credit card 2           1200                                  Game system   250                         loan from parents     200                                   watch                200                         truck                       3200                                   Checking Account       560                                                                                        Savings Account 1      945                                                                                  Savings Account 2   3400                                                                                      TOTAL                 $  6555               TOTAL              $8050                LOSS $-1495                          
8 0
3 years ago
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