A car purchase would be an example of a short term financial goal.
Answer:
Rare resources
Explanation:
Rare resources are unique resources that is not controlled or possessed by many competing firms. Only a small number of competing companies control it. It usually stands out by being distinctive among the set of future competitors. Rare resources are short in supply and capable of persisting over an extended time, this makes it a source of competitive advantage for a company.
Answer:
$870
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.
Allowance for uncollectible accounts at 5%
= 5% * $302,000
= $1,510
Since the Allowance for Uncollectible Accounts was $640 (credit) before any adjustments, the bad debt expense for the year
= $1,510 - $640
= $870
Answer:
Lee's portion of income =$81, 900
Explanation:
<em>The income or loss would be shared according to the ratio of capital contributed. The ratio is the proportion of capital contribute per partner to the total pool of capital.</em>
Lee;s portion of income
= lees capital/total capital × reported income
= 301,500/(201,000+167,500+ 301,500) × 182,000
= $81, 900
Lee's portion of income =$81, 900
New innovation and technology resulted into new business and made Japan a developed countryI believe the closest possible answer to this question is that Japan's prolific inventions were an advantage to the country, in that, they were able to produce business and generate a more efficient system through science and technology.
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