Transfers Transfer payments.
Specialization Limiting production to fewer goods and services than consumed, perhaps those whose production entails lower opportunity cost.
Answer: Debit Bad debt expense $11,264, Credit Allowance for bad debt $11,264; Debit Allowance for bad debt $9,650, Credit Accounts receivable $9,650.
Explanation: Percentage of credit sales method means bad debt expense expressed as a percentage of sales.
The estimated bad debts rate is 2.2%, which translates to 2.2% of $512,000 (credit sales) = $11,264. The firm has to record this, being the estimated bad debts rate, as Debit to bad debt expense and Credit to allowance for bad debt. However, accounts receivable that was deemed uncollectible is $9,650. This amount would be taken out from the buffer in allowance account by debiting allowance for bad debt and crediting accounts receivable.
Employee empowerment is another term used to describe decentralization an objective of the employment relationship in which workers are given some say in the conditions of their employment.
Centralization or decentralization is the process by which an organization's activities, especially those related to planning and decision-making, are decentralized or delegated from a central, authoritative place or group.
The concept of decentralization has been applied to the group dynamics and management sciences of private companies and organizations, political science, law and administration, economics, money, and technology.
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Answer:
Explanation:
First we need to calculate the expected spot rates for the next 5 years using IRP....
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Answer:
$225,000
Explanation:
Federal corporate income tax (21% flat rate)
$1,000,000 x 21% = $210,000
Federal dividend tax (15%).
$100,000 x 15% = $15,000
Dividens are neither expenses nor deductible, so they do not reduce the amount of corporate taxable income. Therefore we must add up the two quantities.
$210,000 + $15,000 = $225,000
