This should NOT be considered when setting a current budget
Future income
Explanation:
Future income can be anticipated but never factored in.
This is because the economy is not only controlled by economic policy or statistics that anticipate growth but outside influences too.
For example, despite the productive growth in the recent time there will be decrease in incomes throughout the world this year.
This is because of the recent crisis that was not foreseen at all.
Thus policy making must not see the future as anything granted and must only set up goals for the present and only anticipate what would probably come in the future.
The compensation that can be provided to the employer over and above employee's income could be an Insurance payment or accumulated Tax refund.
<h3>What is Insurance?</h3>
Insurance is a financial plan that promises to mitigate any loss suffers.
<h3>What is
Tax refund?</h3>
A tax refund entails money return to an organization if they pay more tax than they should.
In conclusion, the compensation that can be provided to the employer over and above employee's income could be an Insurance payment or accumulated Tax refund.
Read more about compensation
<em>brainly.com/question/25301308</em>
Answer: a. ethnocentric
Explanation:
Ethnocentric orientation refers to the use of one's own culture as the yardstick by which to measure and relate to other cultures.
An ethnocentric person would relate to people from other cultures the same way they relate to people from their culture because they believe the way their culture does things is the best way.
Antonio is negotiating deals with the Chinese firm the same way he would negotiate with his fellow Americans . This means that Antonio is adopting an Ethnocentric approach.
All national banks must be members of the Federal Reserve System, while state banks can join if they wish
Answer:
<em>Incomplete question is "2. What journal entry should Johnson record to recognize bad debt expense for 2021? 3. Assume Johnson made no other adjustment of the allowance for uncollectible accounts during 2021. Determine the amount of accounts receivable written off during 2021 4. If Johnson instead used the direct write-off method, what would bad debt expense be for 2021?"</em>
1. Gross accounts Receivable = Allowance Account balance at beginning / 10%
= $30,000 / 10%
= $300,000
2. Year Account Title Debit Credit
2021 Bad debt expense $105,000
($500,000*10% + $55,000)
To Allowance for Doubtful Accounts $105,000
3. Accounts receivable written off = Beginning balance of Allowance Account - Ending Balance of Allowance account
= $30,000 - (- $50,000)
= $30,000 + $50,000
= $80,000
4. Bad debt expense for 2021 (direct write off method) = Amount written off = $80,000
