Answer:
$5,400
Explanation:
The amount that should be debited to bad debt expense is shown below:
= Net credit sales × uncollectible percentage
= $900,000 × 0.6%
= $5,400
We simply multiplied the net credit sales with the uncollectible percentage so that the bad debt expense should be computed and the same is to be considered
hence, the bad debt expense is $5,400
Answer: b. Only Joe’s and Jim’s grocery store purchases are included in GDP.
Explanation:
The Gross Domestic Product is a measure of economic productivity and is a sum of the market value of all goods produced in an economy in a certain period.
Produce from Jim's garden will not be included as GDP disregards goods produced at home for consumption purposes as those would be too hard to measure. Those goods sold in the market however are included which is why Joe and Jim's grocery store purchases will be included.
Complete question:
Identify the account concept,assumption, or principal that best applies to each of the following situations:
Burger King, the restaurant chain, sold a store location to McDonald's. How can Burger King determine the sale price of the store - by a professional appraisal, Burger King cost, or the amount actually received from the sale?
Answer:
Historical cost principle
Explanation:
The initial nominal financial value of the commodity is the average expense of a commercial object. The cost estimate is traditionally focused on recording assets at their nominal expense, which are not adjusted to adjust the costs of the products.
The original nominal financial value of the commodity is the average expense of a commercial object. The cost estimate is traditionally focused on recording assets at their nominal expense, which are not adjusted to adjust the costs of the products.
Depending on how well they performed financially, employees of a media organization receive financial incentives at the conclusion of the fiscal year. This is a strategy for tying pay to performance metrics.
<h3>What connection exists between compensation and performance evaluations?</h3>
Performance reviews are helpful in evaluating employee compensation packages. Depending on how well an individual performs, their compensation package may include bonuses, increased hourly rates, additional benefits, and allowances.
<h3>Should pay be contingent on performance?</h3>
One of the best ways to encourage your workers to produce their best work and the behavior you want to see in them is to link performance to reward. Sales-based occupations in particular are frequently compensated using performance-based strategies.
<h3>What benefits do performance-based compensation programs offer?</h3>
When pay for performance is in place, poor performers may leave the company more frequently, but over time turnover dramatically decreases as pay rises and employee engagement rises. After the approach has been fully adopted, we usually notice a 50% decrease in turnover or more.
Learn more about performance-based compensation: brainly.com/question/14287686
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Answer:
a partnership business type