Answer:
The correct option is A
Explanation:
In order to reduce the bad feelings which are linked with the negative messages, one must make sure that the receiver knows the reason for the rejection and feels the news was sensitive and also believes that the matter was handled carefully and fairly.
A negative message which is insincere could be irritating, maddening and frustrating to the receiver. So, the message should not lead the reader to trust or believe.
The two primary factors affecting an entrepreneur choice of legal ownership for a venture are TAXES AND LEGAL LIABILITY.
The type of business that an entrepreneur establish will determine the type and the amount of tax that it will be required to pay. The legal liability of the entrepreneur determines the extent to which he can be liable in case he finds himself in a financial mess. The entrepreneur should try and minimize the impacts of these two factors.
Answer:
a. Inventory Turnover:
= Cost of goods sold / Average inventory for the year
= 642,400 / 210,000
= 3.06
b. Number of days' sales in inventory
= Ending inventory / (COGS / 365)
= 156,409 / (642,400 / 365)
= 88.9 days
c. Accounts receivable turnover
= Net sales / Average Accounts Receivable
= 1,022,000 / 43,000
= 23.77 times
d. Number of days sales in accounts receivable
= Accounts Receivable at year end / (Net sales / 365)
= 22,400 / (1,022,000 / 365)
= 8 days
You eat at the time you need to and they service you
Answer:
Potato Company
Balance in Allowance for Doubtful Accounts is $575 (Credit).
Explanation:
We can use a T-account for the Allowance for Doubtful Accounts to determine the balance:
Allowance for Doubtful Accounts
a. Accounts Receivable $668 Beginning Balance $494
Ending Balance <u>$575</u> b. Bad Debt Expense <u>$749</u>
<u>$1,243</u> <u>$1,243</u>
Ending Balance $575
The allowance for doubtful accounts is a contra account to the Accounts Receivable account. Its purpose to provide some estimation of the uncollectibles as a way of managing the credit risk involved in trade sales.
