Answer:
d. Both a and b above are correct.
Explanation:
In the case when the company unadjusted trial balance reflect a debit balance of allowance for doubtful debts so this represent that the company would have more written off account receivable that would be shown in the beginning balance of the allowance. Also the company should record the bad debt expense as more as the debit balance of the non-adjusted allowance
Hence, the last option is correct
Answer:
It is false.
Explanation:
At Mattel, a marketing information system stores data on regional sales activities, promotional costs, and international inventory levels. These data are not examples of external sources but are internal sources.
Internal sources of market information are informations that are gotten from within the company such as regional sales activities, promotional costs, and international inventory.
However, the external sources of information are informations that are gotten outside of the company such as survey from customers, competitors etc.
Answer:
D.
Explanation:
Agency relationship implies that one person referred as principal allows another person agent to take decision or act on former's behalf.
In an agency relationship, the principal delegates decision-making authority to the agent.
The variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for September would be closest to $910.
Explanation:
Following are the cost which are listed as follows,
- Variable element per month client-visit Revenue = $44.50
- Personnel expenses= $26,100 $12.60
- Medical supplies= 6007.20
- Occupancy expenses= 6,500
- Administrative expenses= 3,100
- Total expenses= $36,300 $22.30
- Actual results achieved in the month of September is as under:
- Revenue= $93,240
- Personnel expenses= $50,754
- Medical supplies= $15,328
- Occupancy expenses =$11,646
- Administrative expenses= $3,394
- The formula for net operating income is calculated by subtracting the operating expenses from the total revenues.
- A flexible budget variance is known as the difference between the results incurred by a flexible budget model and the actual results.
- For the month of September, the cost would be closest to $910.
