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mariarad [96]
3 years ago
10

Reanna is a high school student. She has been feeling overwhelmed recently because there seems to be so many things to do. She d

ecided to be better organized. She started by making a list of all the things she wants to achieve.
Business
2 answers:
kicyunya [14]3 years ago
6 0

Answer:

Reanna is doing some planning.

Explanation:

The concept of planning consists in the act of creating and planning, in advance, an action, thus developing programmed strategies to achieve a certain goal. It works as a way of identifying a specific target, with the intention of organizing and applying the best ways to reach it. In addition planning helps a person to organize their tasks so as not to overload themselves.

Many people still underestimate the importance of planning, but without effective strategic planning, their goals and objectives are unlikely to be achieved as expected. That is why Reanna, who was overloaded with the task, decided to make a list of all the things she wants to achieve as a way of planning her life.

Alexeev081 [22]3 years ago
4 0
This seems like she is using planning skills
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Required information
allsm [11]

Answer and Explanation:

The Journal entries are shown below:-

a. Accounts receivable Dr, $189,000

         To service revenue $189,000

(Being service provided on the account is recorded)

Here we debited the accounts receivable as it increased the assets and we credited the service revenue as  it increased the revenue

b. Cash Dr, $184,000

         To Accounts receivable $184,000

(Being collection on accounts is recorded)

Here we debited the cash as it increased the assets and we credited accounts receivable as  it decreased the assets

c. Bad debt expenses Dr, $6,180

         To Allowance for uncollectible accounts $6,180

(Being estimated uncollectible accounts is recorded)

Here we debited the bad debt expenses as it increased the expense and we credited the allowance for uncollectible accounts as  it decreased the asset

Working note

Uncollectible accounts = (Total account - Cash collected) × 20%

= ($25,900 + $189,000) - $184,000 × 20%

= $30,900 × 20%

= $6,180

d. Allowance for uncollectible accounts Dr, $7,900

            To Accounts receivable $7,900

(Being write off of actual bad debt is recorded)

Here we debited the allowance for uncollectible accounts as it increase the allowance and we credited the accounts receivable as it decreased the asset

8 0
4 years ago
An employee has an average wage of $60,000 and has worked for the firm for 28 years. The defined benefit pension plan pays retir
riadik2000 [5.3K]

Answer:

An employee has an average wage of $60,000 and has worked for the firm for 28 years. The defined benefit pension plan pays retirees 2.3% of the average wage times the years of service. The employee can expect to receive __$1,380_____ per year upon retirement.

Explanation:

a) Data and Calculations:

Average wage = $60,000

Number of years worked in the firm = 28 years

Defined benefit pension plan rate = 2.3%

Annual defined benefit pension plan = $1,380 ($60,000 * 2.3%)

Total benefit to be received = $38,640 ($1,380*28) or ($60,000 *28 * 2.3%).

b) This employee is expected to receive the total benefit of $38,640 for serving the firm for 28 long years under the defined pension plan, given the plan rate of 2.3% of the average wage.

8 0
3 years ago
Which control could be used to mitigate the threat of hiring unqualified or larcenous employees?
seropon [69]

<u>Answer: </u>

<em>Segregation of duties</em>

<u>Explanation:</u>

<em>Segregation of duties is a key internal control intended to minimize the occurrence of errors or fraud by ensuring that no employee has the ability to both perpetrate and conceal errors or fraud in the normal course of their duties. Generally, the primary incompatible duties that need to be segregated are: Nội dung chính Segregation of Duties</em>

6 0
2 years ago
When will bath and body works candles be on sale again
Dimas [21]
This year on the first Saturday of December, falling on December 4 this year
7 0
3 years ago
SCENARIO 9.7: Julio borrowed $80,000 from his great aunt to open a coffee stand at a local flea market. He agrees to pay his gre
leva [86]

Answer:

$20,000

$80,000

Explanation:

Fixed cost is the cost that does not vary with output.

Fixed costs = cost of interest + other yearly fixed cost

(0.05 x $80,000) + $16,000= $20,000

Total cost is the sum of fixed and variable cost.

Variable cost is the cost that varies with output. If output is zero, variable cost would be zero.

Total cost = fixed cost + variable cost

= $20,000 + $60,000 = $80,000

5 0
3 years ago
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