Answer: The contingency approach
Explanation:
The contingency approach is one of the type of management theory that helps in understanding the various types of principles in an organization and it is also refers as the situational approach.
The main objective of the contingency approach is that it provide manager the different types of ways to give reaction on the given issue and different types of situation.
According to the question, the contingency approach helps in providing the different types of effective ideas to the manager where they facing different types of problems in an organization.
Therefore, contingency approach is the correct answer.
D. They are skills that employers in all lines of work are looking for.
Answer:
Debit bad debt with $4,000, and credit Accounts receivable also with $4,000.
Explanation:
New bad written off = Accounts receivable × 4% = $100,000 × 4% = $4,000
The journal entries will be as follows:
<u>Details Dr ($) Cr ($) </u>
Bad debt 4,000
Accounts receivable 4,000
<u><em>Being a bad written off the accounts receivable </em></u>
Answer: The correct answer is "B. Are necessary to adjust the Inventory account to the actual inventory available."
Explanation: Physical counts of inventory are necessary to adjust the Inventory account to the actual inventory available.
Physical inventory counts are generally performed at the end of an accounting period to adjust the accounting balance to the actual physical amount of inventory as it may differ due to missing, lost, stolen, decreased, etc.
