Answer:
The answer is given below;
Explanation:
$160,000*(3/4)*1%=$1,200
Bad Debt Expense Dr.$1,200
Allowance for Doubtful Accounts Dr.$1,200
$65,000*12%=$7,800
$12,000*24%=$2,880
$3,000*48%=$1,440
Total Allowance for Doubtful Accounts for December 31, $12,120
Total Allowance for Doubtful Accounts Opening ( $1,100)
Bad Debt Expense for the year $11,020
Bad Debt Expense Dr.$11,020
Allowance for Doubtful Accounts Cr.$11,020
Various Accounts to be shown pertaining to Account Receivable will be;
1.Allowance for Doubtful Accounts -Balance Sheet $12,120
Answer:
$38,663.61
Explanation:
Given:
Principle amount = $5,000
Duration, n = 50 years
Now,
With interest rate 7.5%
Future value = Principle × ( 1 + r )ⁿ
thus,
Future value = $5,000 × ( 1 + 0.075 )⁵⁰
or
Future value = $185,948.73
With interest rate 7%
Future value = Principle × ( 1 + r )ⁿ
thus,
Future value = $5,000 × ( 1 + 0.07 )⁵⁰
or
Future value = $147285.12
Hence,
The additional amount to be gifted = $147285.12 - $185,948.73
= $38,663.61
Explanation:
The production system consists of all integrated activities and operations for the production of goods and services.
Organizational capacity is measured by the set of effective actions of coordination and control of the production system. Therefore, active management of systems monitoring will determine key factors for better meeting consumer demands and needs through continuous improvement in the quality of manufacturing processes, innovations, reduction of waste and unnecessary spending, which enables greater transfer to the customer a product with quality and low cost and represents for the organization gains of competitive and strategic advantages.
<span><span>1. </span>Discuss the following statement: "Corporations are not
really run by their owners." Corporations are run by everyone who works
for the corporation and without everyone working together, it will not run
smoothly and bring in revenue.
</span>
<span>
2. Why might an investor choose to become a partner in a limited partnership
instead of purchasing the stock of an open corporation? If an investor decided
to join in a limited partnership instead of purchasing the stock on an open
corporation they would have less to do with the business side as they would in
an open corporation. When an investor joins in a limited partnership they have
less management responsibility and little to no liability besides their initial
investment.
</span>
<span>
3. Is growth a good thing for all firms? How does management know when a firm
is ready to grow? Growth is not a good thing for all firms. Depending on what a
company is looking to achieve long term, the financial assets they have now to
achieve their growth and other goals are all subject to what the company is
able to do with the finances and staffing they have. When a corporation is
trying to decide whether or not they should grow, management will examine all
aspects of the company to make sure they align with the growth plan.
</span>
<span>
4. If you were to start a business, which ownership form would you choose? What
factors might affect your choice? If I were to start a business, I would
probably choose a limited liability company (LLC) as the ownership form and
structure. An LLC is where the members within the company are not held personally
liable for the company’s debts or liabilities. Think ownership form works well
if you were to join forces an open up a business with a friend or family member.
An LLC keeps the tax side of the business easier as allowing the individuals to
be self-proprietors. When considering factors that may change this decision
they would include: who I am going in business with, what I am in business for,
my end goals, current goals and current financial status. </span>
