Corporate strategy involves the types of decisions made and direction created for a company that operates multiple lines of business.
Answer:
December 31, 2020
- Dr Bad Debt expense 18,690
- Cr Allowance For Doubtful Accounts account 18,690
Explanation:
First we need to determine the total amount of uncollectible accounts receivable = $385,600 x 6% = $23,100
Then we must subtract the amount already recorded in allowance for doubtful accounts from our total uncollectible accounts = $23,100 - $4,410 = $18,690
We have to debit the difference and credit the contra asset account:
Dr Bad Debt expense 18,690
Cr Allowance For Doubtful Accounts account 18,690
Answer:
Margin of safety Amount by which sales can decrease before a loss is incurred.
Answer:
Explanation:
➤ Most women dislike the car-buying experience
The reason that the enlightened carmakers might have hired women in the first place was to better understand the way women decide to buy cars. From this, we can conclude that trying to sell a woman a car is not very easy. In order to get inside the women's head and think like that women does, they need to hire one of their kind, which is a woman. A woman understands a woman and can better sell the car to them because they know what the woman wants, feels, likes and dislikes.
- Mordancy
Explanation:
The preparation of the year-end 2022 income statement for Crane Co.is shown below:
Crane Co.
Income statement
For the year 2022
Revenue
Service revenue $63,500
Total revenues $63,500 (A)
Less: Expenses
Advertising expense $1,800
Rent expense $10,000
Utilities expense $2,300
Salaries and wages expense $25,300
Total expenses $39,400 (B)
Net income $24,100 (A- B)
