Answer:
D, balanced scorecard
Explanation:
A balanced scorecard is a management strategy in which managers are able to assess the amount of job done by employees under their area of control.
It also helps to see whatever complications or success that are as a result of the job done by the employees.
A balance scorecard involves the satisfaction of customers by how much time, quality of service, performance of service, among other things. Also, the balance scorecard is helps to focus on some other important roles that could affect customer satisfaction.
Cheers.
Answer: D. The neighbor, because obtaining financing was a condition precedent.
Explanation:
Even though it wasn't listed in the written contract, there was the condition precedent that the contract would not be binding unless funding was obtained. Condition precedent is a condition that must happen for a contract to become enforceable.
Funding was not obtained so the contract cannot be enforced. The neighbor would therefore prevail so long as the owner admits that there was indeed a condition precedent.
Paying rent, paying for food, maintaining health care.
Answer:
a. Debit Allowance for doubtful debt $4,398
Credit Accounts receivable $4,398
Being entries to write off receivable due from Madonna Inc.
b. $739,480 before and after the write-off
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
The realizable value of accounts receivable before the write off is the net of the accounts receivable and the allowance for doubtful debt
= $762,000 - $22,520
= $739,480
This amount remains the same after the write off as the write off will reduce the balances in both the allowance for doubtful debt account and accounts receivable.
Answer:
Clooney Corp.
Petty Cash Journal Entry
<em>Sr. No Particulars Debit Credit</em>
1 Petty Cash $200
Cash $200
Establishing Petty Cash
2. (Employee Name;s ) Entertainment Expenses $25 Dr
Petty Cash $ 25 Cr
Recording employee petty cash expenditures
Credit Card Expenditures Entries
1. Postage, $44; Dr
Delivery, $69; Dr
Supplies expense, $34 Dr
Credit Card Payable 147 Cr
Credit Card Payable is a liability and appears in the balance sheet . It has to be paid in the future.
2. Credit Card Payable 147 Dr.
Cash 147 Cr
When the liability is paid this entry is made.
