Answer:
$24,000
Explanation:
Since in the question it is given that the 3% of credit sales is considered to be a bad debt expense
where,
Credit sales is $800,000
And, the estimated percentage is 3%
So by considering this above information, the amount debited to bad debt expense is
= $800,000 × 3%
= $24,000
All the other information i.e to be given is not relevant. Hence, ignored it
Answer:
Theodore Levitt
Explanation:
Theodore Levitt was an American economist and professor at the prestigious Harvard Business School (Cambridge, Massachusetts). Also editor of the economic magazine Harvard Business Review (HBR) where they published their articles. It marked a milestone in creating the concept of "globalization" focused on an economic point of view, specifically in its article "Globalization of Markets" was where he referred to it for the first time, thanks to what became very popular and joined the currents of economist thinking.
Answer:
1. Intensive Distribution
2. Selective Distribution
3. Intensive Distribution
4. Exclusive Distribution
5. Selective Distribution
6. Exclusive Distribution
Explanation:
Intensive Distribution is the one in which the product is available almost everywhere. That the product is easily available and the company ensures that it has a wide range of consumers.
Selective Distribution is the one in which the product is available only at some identified places, as for example the 5. point the apple phones are available usually at apple stores or some other specified mobile sellers, thus it is easily available yet at some limited shops only.
Exclusive Distribution is the one in which the product is available only at some exclusive shops, as in the 4th point and 6th point the luxury brand is not easily available and rather at only a few outlets of the company.
Answer:
The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500
Explanation:
The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500
<u>Dividends payable a/c</u>
<u>Particulars Amount Particulars Amount</u>
Balance b/d $ 13,000
Dividend paid (Cash) $ 54,500 Dividend declared $57,000
Balance c/d $ 15,500
$ 70,000 $ 70,000
Therfore, The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500
