Answer:
The effect the entry to recognize the uncollectible accounts expense for Year 2 will have on the elements of the financial statements are that it will reduce Accounts Receivable to $15,560 and the Allowance for Doubtful Accounts to $1,900 at the end of Year 2.
Explanation:
Credit sales estimated to be uncollectable = Credit sales * Estimated percentage uncollectable = $215,000 * 1% = $2,150
Ending account receivable = Beginning accounts receivable + Credit sales - Cash collected - Receivales written off as uncollectable - Credit sales estimated to be uncollectable = $76,000 + $215,000 - $271,100 - $2,100 - $2,150 = $15,560
Ending Allowance for Doubtful Accounts = Beginning Allowance for Doubtful Accounts - Allowance for Doubtful Accounts - Receivales written off as uncollectable = $4,000 - $2,100 = $1,900
Therefore, the effect the entry to recognize the uncollectible accounts expense for Year 2 will have on the elements of the financial statements are that it will reduce Accounts Receivable to $15,560 and the Allowance for Doubtful Accounts to $1,900 at the end of Year 2.
Answer:
Technology has advanced in this era to ease the life of humans. The latest technology is used by the businesses to provide their customers best services. The technology has also provided customers to reject and stop unwanted advertisements. They can block the advertisement messages they do not wish to receive any more.
Explanation:
The technological advancement has provided ways for business development to media and advertisement industry but it has also created negative impact to the industry. The customers block the advertisement messages which they do not find feasible. The advertisement may go wasted because the impact of advertisement did not reached the customers.
Answer:
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Explanation:
Answer:
Stagnation
Explanation:
There are several stages in Knapp's stages of relational development. The stages are as,
Experimentation
Intensifying
Integration
Bonding
Differentiation
Circumscribing
Stagnation
Avoidance
Termination
I recently saw a movie in which there was a couple who was going through integration period of Knapp's relational development. They express their love for each other and plans to marry soon. Once they are married they identify the difference in their cultures because both of them belonged to different religion. The difference start to create problems between them and they now quarrel with each other over small things. The relation goes into circumscribing stage where there is less exchange of information between the couple and they avoid talking to each other. There is an increase communication gap between two. As the movie moves to climax both of them are in Stagnation stage where each of them feels stuck in this relationship and suddenly there is an accident and one of them dies. The movie ends with lifetime regrets for the one who survives.
