Answer:
The Journal entries are as follows:
(a) On February 1,
Allowance for doubtful accounts Dr. $8,800
To Account receivable-Oakley Co $1,900
To Account receivable-Brookes Co $6,900
(To record write off)
(b) On June 5,
(i)
Account receivable-Oakley Co. Dr. $1,900
To Allowance for doubtful accounts $1,900
(To record amount reinstated)
(ii)
Cash A/c Dr. $1,900
To Account receivable-Oakley CO $1,900
(To record cash received)
Answer:
A classified balance sheet is a class of balance sheet presentation that carefully displays all account balance listings into subcategories and in order of liquidity.
It is easier for a reader of the Account to follow the narrative and draw conclusions quickly, requiring less assumptions or queries from analysts over the qualification of the items.
Explanation
The balance sheet is contained in the attached document to preserve its form.
Answer:
c. attention is paid to competitive priorities and strategic fit.
Explanation:
Managing process is the top level activity it involves various activity and decisions for the growth of an organization. It clearly states that the company shall grow, what are the goals, what are the objectives and what are the strategies.
This clearly reflects that management's main concern is to strategic performance, and how does it create a space in the market share, as gaining from competitive advantage.
Answer:
The correct answer is the option A: means that the firm's cost structure is not to low enough to allow it to attractively price its products and that its products are not sufficiently differentiated to create value for its target customer.
Explanation:
To begin with, the term called<em> ''stuck in the middle''</em> is known in the business world for the main reason of <em>being stuck in a situation where the costs of the firms are to high</em> to allow them to have competitive and attractive prices and and that also<em> these companies do no differentiate their product enough</em> in the way to generate value to the customer they want to reach and therefore it is said that these firms are stuck in the middle due to the fact that <u><em>they can not improve their benefits</em></u> because of their high cost structure and low differentation.
Both the direct method and the indirect method. Cash from operating activities usually introduces to the net cash arrival reported in the first section of the explanation of cash flows. Cash flow from operating activities also includes changes in working capital, such as increases or decreases in inventory, short-term debt, accounts receivable and accounts payable.
