A company bills customers for services provided. the company records this transaction with a Debit Accounts Receivable.
A customer is an individual or business that purchases goods or services from another business. Customers are important because they drive sales. Without them, companies cannot continue to exist.
The definition of a customer is a person who purchases products or services at a store, restaurant, or other retail establishment. An example of a customer is someone who goes to an electronics store and buys a television. (informal) A person, especially a person, who interacts with others in some way.
In sales, commerce, and business, customers (sometimes called customers, purchasers, or purchasers) receive goods, services, products, or ideas obtained from sellers, vendors, or suppliers through financial transactions. is a person. Transaction or exchange for money or other valuable consideration
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Public goods are available everywhere and are <span>both non-excludable and non-rivalrous</span>
They represent a market failure because <span>by their very nature they are nonexcludable and nonrival which makes it difficult for the private sector to supply them profitably. Answer: B
</span>Public goods are nonrival in consumption and their benefits are nonexcludable
Answer:
$122,500
Explanation:
Calculation for the amount of the common fixed expense not traceable to the individual divisions
First step is to calculate Total segment margin
Total segment margin = $43,600 + $174,300
Total segment margin= $217,900
Now let calculate the Common fixed expense
Common fixed expense = $217,900-$95,400
Common fixed expense $122,500
Therefore the amount of the common fixed expense not traceable to the individual divisions is $122,500
Answer: Debit Bad debt expense $11,264, Credit Allowance for bad debt $11,264; Debit Allowance for bad debt $9,650, Credit Accounts receivable $9,650.
Explanation: Percentage of credit sales method means bad debt expense expressed as a percentage of sales.
The estimated bad debts rate is 2.2%, which translates to 2.2% of $512,000 (credit sales) = $11,264. The firm has to record this, being the estimated bad debts rate, as Debit to bad debt expense and Credit to allowance for bad debt. However, accounts receivable that was deemed uncollectible is $9,650. This amount would be taken out from the buffer in allowance account by debiting allowance for bad debt and crediting accounts receivable.
Answer:
1) the product launch.
Explanation:
As the product in consideration is new, and that the company performs the analysis of customer demands and needs for the product to be introduced, also the company defines the target market for its product, this conclusively reflects that the company wants to launch a new product.
Since it is a preliminary activity basically analyzing market before launch of product, there are no results therefore there is no evaluation of results.
Further there is a market testing, not for the entire company products, but only for the new product thus, it can not be termed as pre-market demonstrations.