Answer:
C) conceptual.
Explanation:
Conceptual skills are essential in managers of large companies, such as that of the multinational Nike.
This ability means that the manager has a vision of the organization as an integrated system, where each part has its relevance in the organizational whole and must be considered in the processing, evaluation and planning of the strategies that will lead to organizational success.
Having conceptual skills means having the skills to have a diffuse and analytical thinking of the organization and all the parts that involve it, which makes the entire management decision-making process much more efficient and aligned with the organization's objectives and goals.
Answer:
1. Allowance for uncollectible accounts A/c Dr $15,000
To Account receivable A/c $15,000
(Being write off amount is recorded)
2. $1,000 debit
Explanation:
1. The journal entry is shown below:
Allowance for uncollectible accounts A/c Dr $15,000
To Account receivable A/c $15,000
(Being write off amount is recorded)
2. And, the balance of Allowance for Uncollectible Accounts would be
= Beginning balance of estimated uncollectible accounts - written off balance
= $14,000 - $15,000
= $1,000 debit
Answer:
C) debit Rent Expense, $4,000; credit Prepaid Rent, $4,000.
Explanation:
July 1, prepaid rent fro 6 months
Dr Prepaid rent 24,000
Cr Cash
July 31, adjusting entry to record rent expense
Dr Rent expense 4,000
Cr Prepaid rent 4,000
total prepaid rent = 24,000 for six months
after one month, 24,000 / 6 = 4,000 must be recorded as rent expense and prepaid rent must be credited.
Answer:
Option (c) is correct.
Explanation:
Intangible assets refers to the assets which we cannot see and touch.
Goodwill = $4,500,000
Trademarks = $1,000,000
Hence, the total intangible assets on the balance sheet of Anisha Enterprises is as follows:
= Trademarks + Goodwill
= $1,000,000 + $4,500,000
= $5,500,000
Therefore, the total intangible assets is $5,500,000.
<span>What is the fallacy of the "product cost concept"? The fallacy of the "product cost </span>concept" refers to the excess capacity and in this situation the only cost that matters is the material cost. Product costs refers to the costs of making the product, materials to make the product are important and the main part of product cost.