Assume that Simple Co. had credit sales of $250,000 and cost of goods sold of $150,000 for the period. It estimates that 1 perce
nt of credit sales in uncollectible accounts when it uses the percentage of credit sales method and it estimates that the appropriate ending balance in the Allowance for Doubtful Accounts is $3,000 when it uses the aging method. Before the end-of-period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $250. Prepare the journal entry to record the end-of-period adjustment for bad debts under the (a) percentage of credit sales method and (b) aging of accounts receivable method. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 1. Assume Simple Co. had credit sales of $250,000 and cost of goods sold of $150,000 for the period. Simple uses the percentage of credit sales method and estimates that 1 percent of credit sales would result in uncollectible accounts. Before the end-of-period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $250. Record the transaction. 2. Assume that Simple Co. had credit sales of $250,000 and cost of goods sold of $150,000 for the period. Simple uses the aging method and estimates that the appropriate ending balance in the Allowance for Doubtful Accounts is $3,000. Before the end-of-period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $250. Record the transaction.
When it comes to general-purpose plant strategies, it allows plants to be more flexible than usual and produce a whole variety of products, instead of just focusing on one or few products. This way, plants can diversify easily and cater to their clients' needs and be far more productive and successful.
The estimate activity duration is a procedure in project management which include the analyzing of the different activities and then estimates or approximate how long it takes for accomplishing or completing the specific task with the estimated resources.
So, the estimate activity duration is the one which comprise for computing the work periods needed for completing the activities.
The answer that will fill in the blank is the emotional zone somewhere between boredom and anxiety. It is because this is what the view of mihaly csikzentmihalyi's believes. The other choices does not corresponds to the answer or not connected to his beliefs for they were not included to his view of what the people seek.
