Answer and Explanation:
According to the given situation, the Journal entry is shown below:-
On September 9
Account receivable Dr $5,800
To Allowance for doubtful debts $5,800
(Being written off amount is recorded)
Here we debited the account receivable as it increased the assets and credited the allowance as it decreased the assets
On September 9
Cash Dr, $5,800
To Accounts receivable $5,800
(Being cash collection is recorded)
Here we debited the cash as it increased the assets and we credited the accounts receivable as it decreased the assets
Answer:
manufacturing, correct pricing, marketing, sales and asking past customers for referrals.
Explanation:
Revenues are cash inflows that a business generates during its operations. main activities that make this possible starts from Manufacturing which involves converting raw materials to finished goods. Next activity is correct pricing which will determine if customers will be willing to buy your products or services , Marketing will ensure the existence, use and location of the product is known to the target market. Sales involves customers committing and buying the product. You can also ask customers for new referrals which when turned to successful leads, will generate more revenues.
Answer:
Supply: In economic terms, supply is the amount of resources or products that are provided by the company or an organization to the public or the targeted marketed. For example a toy making company would be providing toys to people with children, who are in need of toys.
Demand: It is an economic concept that states the need of a product or service. People or organizations have needs which are fulfilled by products and services. For example, the need for toys of people with children is known to be their demand which is then fulfilled by companies.
When a company makes an incestment by opening a new factory, they need employees for this factory. The company might transfer some employess from previous factories to be the managers, but then they need more employees to do the rest of the work. So they will place help wanted ads to get more employees. This will create more jobs for the unemployed and even for the employed who are looking for a better job.
Answer:
Quantity supplied will increase
