Answer:
The dollar amount that should be credited to Allowance for Uncollectible Accounts at year end is $ 12,100
Explanation:
Providing allowance for doubtful debts
A provision is made for the debts which are likely to be uncollectable by a company.This amount is used to adjast the Trade Receivable balances to show a faithful representation of assets a beusiness has at end of year.
Calculations
<em>December 31, 2018 Arundel Company`s Allowance for Doubtful debts is calculated as follows</em>
Credit Sales × % of allowed provision
$805,000 × 2.0%
$16,100
<em>Adjastment to be done in Allowance for Doubtful Debts Account:</em>
<em>Hint : Open Allowance for Doubtful Debts T Account:</em>
<u>Credits :</u>
Opening Balances 4,000
Balancing Figure (Profit and Loss) 12,100
Totals 16,100
<u>Debit:</u>
Closing Balance 16,100
Totals 16,100
Answer:
D. The number of highly-skilled workers migrating from Adelphia to foreign countries has fallen.
Explanation:
If the decrease in the working population of Adelphia was caused by workers migrating from Adelphia to other nations, then if the rate of emigration has fallen (probably because the local economy is improving), the total working population of Adelphia should either remain the same or increase.
A lot of people that emigrate away from their home countries do it because they are seeking better job opportunities and a better living conditions. If Adelphia's economy is growing then the living conditions in the country should improve, so less people have to emigrate the country seeking a better life. For example, if living standards had been great in Europe during the last 3 centuries, then the US would have a very small population and there would be much more Europeans (and Latin Americans, Chinese, etc.) in their home countries.
Answer:
Explanation to this Answer is explained below in detail.
Explanation:
There is always a need to have an important control upon the decisions that we have in the business setup. Informed decision making is very necessary for business. People use different decision setups designed to help in the manufacturing process and most often come up with very fruitful decisions.
Describe one of the variables associated with risk tolerance:
One of the cultural factors associated with risk tolerance may be the threshold for when we can make decisions that are not detrimental to the cultural view of groups. We need to carefully consider our employees and make sure that our decisions are not too objective. Cultural-emotional bias can lead to decisions that can damage brand ownership throughout the business. This is very dangerous and detrimental for any company, so it is necessary to limit decisions and their consequences in terms of cultural sense to avoid any losses.
Describe one of the variables associated with internal/external locus of control:
The internal locust of control is the kind of person who is the best fit for all the jobs. So it is obvious that this person has some control over others. But there are some do's and don'ts for such kind of person as well. Such as, he has to communicate with almost everyone in the workplace. So, he must ensure neutrality in all aspects of other people with whom he is working. Such aspects are religion, race, caste. society etc. and his humor must not harm the emotions of anyone in the workplace.
Why are these important factors to consider?
In order to run business smoothly with maximum profits and best workforce and the best workplace. Effective decision making is the key to go. Hence, these variables are very important to achieve the effective business decision making in the long term.
Answer:
e. a capital structure decision.
Explanation:
Capital structure refers to the combination of debts and equity used to finance business assets and operations. A capital structure shows how various sources finance a business. It is the combination of long-term loans, bonds, retained earnings, equity along with other sources of funds.
Issuing more shares affects the composition of the capital structure. It adds to the percentage of capital financed by equity. Issuing shares increases the number of shareholders. Therefore, it is a capital structure decision.