Answer:
E. Two- Step approach to direct marketing
Explanation:
The two step approach is a form of direct marketing that involves two steps or procedures. The first step is compose of designing to screen or qualifying potential buyers. While the second step is the responsibility of generating response. In this approach, multiple efforts/steps are used in generating responses. In this scenario, the first effort done by the company was using telemarketing to inform the potential buyers on their products. While the second effort was placing s website that contains a form in which buyers can use in purchasing products.
Answer:
The journal entry for the following is shown below:
Explanation:
The journal entry for the following is as follows:
Bad Debts Expense A/c................................Dr $3,600
Allowance for Doubtful Accounts A/c......Cr $3,600
Being the adjusting entry for bad debt expense
Working Note:
Using the percentage of accounts receivable computing the amount of bad debt expense as:
Allowance for doubtful accounts = Accounts receivable × %
= $120,000 × 4%
= $4,800
Now, computing the bade debt expense as:
Bad debt expense = Allowance for doubtful debts - Credit balance
= $4,800 - $1200
= $3,600
Answer: The correct answer is choice d - =A6 * 2
Explanation: The cell formula in spreadsheets are relative, so when you fill the formula from one row to the row below, it will also change the cells that it is pointing to in the formula down one row. In this case, when the formula B5 = A5 * 2 is filled to cell B6, then it will change to A6 * 2.
Answer:
b. 4.02
Explanation:
Time interest earned is actually tells us how many times it's interest is the company earning so that formula for times interest earned is
Earnings before income and tax/Interest expense.
So we have to add interest expense and tax expense back to net income.
130,000+50,000+21,000=201,000
201,000/50,000=4.02
