Answer:
A. The allowance method matches losses with related sales better than the direct write-off method.
Explanation:
Credit losses refers to those losses which arise as a consequence of an enterprise extending credit to it's customers. This is in the form of default by customers upon payment, termed as bad debts losses.
Under the allowance method, a percentage of sales which is estimated as non recoverable is provided for as Bad debts for the current period and recorded via an adjusting entry at the end of accounting period.
It represents a provision created against debtors as doubtful debts. This is an estimation. Later when such bad debts are confirmed, following journal entry is passed:
Allowance for Bad and doubtful debts Dr.
To Accounts Receivables
(Being loss on account of bad debts recorded)
Under direct write off method, bad debts losses are directly written off as and when they occur and no allowance or provision is made in advance against them.
Answer:
There are several statistical forecasting methods.
Some of them are:
- Linear Regression
- Multiple Linear Regression
- Productivity Ratios
- Time Series Analysis
- Stochastic Analysis
- Straight Line and
- Moving Average
Cheers!
Answer:
Income tax expense is $8,250. It is recorded by debiting Income tax expense by $8,250 and crediting Income tax payable by $8,250.
Explanation:
The income tax rate is 25%. Income tax is calculated on the taxable income after all other adjustments have been made.
Note that the question gives an income figure of $33,000. This is stated as the <em>income after the preceding adjustments but before income taxes.</em> Hence, this is the amount on which we calculate the income tax expense as follows.
Income tax expense = Taxable income x Income tax rate
= $33,000 x 0.25
= $8,250
The next requirement is to record the income tax expense in the journal. This income tax has not yet been paid by the company. Therefore, an income tax payable liability is created. The journal entry is as follows.
Debit: Income tax expense $8,250
Credit: Income tax payable $8,250
Options:
Semistructured decisions
Structured decisions
Strategic decisions
Unstructured decisions
Definition
Answer:Semistructured decisions
Explanation: Semistructured decisions are decisions that have elements of both structured and unstructured decisions, they are decisions that have some agreement on the data on the process, and or evaluation or analysis technique to be used. Semistructured decisions are also noted by efforts to retain some degree of human judgment in the decision making process.
MOST DECISION SUPPORT SYSTEMS ARE CLASSED AS SEMISTRUCTURED DECISIONS.
Answer:
The correct answer is A. coaching
.
Explanation:
Coaching means instruct, teach, or train. In the sales environment, skills are required that allow a constant level of performance over time, and in the event that you do not have knowledge about a specific market, it is best to receive the training of an expert person. In the example, we see that Carl is a person with great knowledge of the market, and Brandon a beginning seller with many difficulties in closing sales. Your help is important because it allows Brandon to perform better.