Answer and Explanation:
The journal entry to record the transaction is shown below:
Accounts receivable $6,900
To allowance for doubtful accounts $6,900
(Being reversing the write off is recorded)
Here account receivable is debited as it increased the assets and credited the allowance as it decreased the assets
Cash $6,900
To Accounts receivable $6,900
(Being cash collection from write off account is recorded)
Here the cash is debited as it decreased the assets and credited the account receivable as it decreased the assets
Answer:
You must consider the physical aspects of different work environments when choosing a career.
Answer:
Letter E is correct. <em>Estabilish Challenging goals. </em>
Explanation:
Task-oriented leadership is leadership whose primary focus is to coordinate task performance, regardless of subordinates' abilities and possibilities.
It is a model of autocratic leadership related to Classical Management Theory, where work is mechanized and there is no room for focus on the individual, their motivations and creativity, the focus is only on compliance with the rules and the execution of the imposed tasks.
Answer:
Because of the<em> conditions</em> (consumer preferences/inflation/lags) associated with implementing monetary and fiscal policies, the impact of the government's new policy will likely <em>manifest</em> once the effects of the policy are fully realized.
Explanation:
The key elements of <em>fiscal policy</em> are <em>government spending and taxation.</em> In times of<em> a recession,</em> the government can increase spending / reduce taxes to stimulate consumption and push towards economic growth. Similarly, when the economy is<em> booming, </em>the government can raise taxes to curb spending.
The same is applicable to the Monetary policies.
Answer:
b. 9.08%
Explanation:
Cost of preferred stock is the required rate of return by investors for providing capital to a company.
Formula for cost of preferred stock = Dividend / Price*(1-Flotation cost)
Dividend = $8.50
Price = $97.50
Flotation cost = 4% or 0.04 as a decimal
Next, plug in the numbers to the formula;
Cost of preferred stock = 8.50/ [97.50 (1-0.04)]
= 8.50 / 93.6
= 0.0908 or 9.08% as a percentage
