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DedPeter [7]
3 years ago
11

Lauren is trying to find her net income. She used the statement and the steps shown.

Business
2 answers:
Marat540 [252]3 years ago
8 0

Lauren made an error in step 3 because she should have subtracted expenses from income.

Net income = (Total of all sources of income)- (Total of all bills and expenses)

You must subtract expenses because they are things you are <u>paying for.</u>

8090 [49]3 years ago
5 0

Answer:

the answer is D just took the tested

Explanation:

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a product possesses a competitive advantage when it enjoys a superior position over competing products because
Lana71 [14]

Compared to other products in its category, consumers think it is more valuable.

<h3>What does a competing product entail and Types of competitive products?</h3>

The items and services that your target market could prefer over yours are called competitive products. By comparing a competing product's characteristics and solutions to your own, you may determine which one it is.

Competitive goods might include:

Clothing and toys are examples of tangible goods.

Streaming media apps, online courses, and ebooks are examples of digital goods.

Live events, such as gatherings, shows, and festivals.

Consultative, coaching, and design services are examples of professional services.

Types of competitive products:

Direct competitive products.

Indirect competitive products.

Replacement competitive products.

To know more about competitive products visit:

brainly.com/question/27302605

#SPJ4

8 0
2 years ago
At the end of the current year, Accounts Receivable has a balance of $430,000; Allowance for Doubtful Accounts has a credit bala
Rudiy27

Answer:

1. Amount of the adjusting entry for uncollectible accounts:

$4,850

Debit Bad Debts Expense $4,850

Credit Allowance for Doubtful Accounts $4,850

To record bad debts expense for the year.

2. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense:

Accounts Receivable:

Balance as per question = $430,000

Allowance for Doubtful Accounts:

Balance as per question = $4,000

Bad Debt Expense -          $4,850

Adjusted balance              $8,850

Bad Debt Expense:

Adjustment            $4,850

3. The net realizable value of Accounts Receivable:

Accounts Receivable balance  $430,000

less Allowance for Doubtful         $8,850

Net Realizable Value                 $421,150

Explanation:

a) Bad Debt Expense = ($1,940,000 x 1%)/4 = $4,850

b) The amount of the adjusting entry for uncollectibles is the bad debt expense of $4,850.

c) The Allowance for doubtful accounts will increase by $4,850 to $8,850.

d) The net realizable value of the accounts receivable is the difference between the accounts receivable balance and the allowance for doubtful accounts.  This is the estimated value that the company expects to realize after considering the probability of uncollectibles.

8 0
2 years ago
What type of sales pitch you would use to try in convince that person to purchase a product
marta [7]
I cant think of one but I'll tell u how to make one!

Focus on How You Say What You Say:nice wording
Present Solutions, not Features :president not trying to help not show off
Manage Objections: create something that u can defend
5 0
2 years ago
Shawn is a regional sales manager of a popular fortnightly magazine. He sets targets for and reviews the performances of the sal
disa [49]

<u>Full question:</u>

Shawn is a regional sales manager of a popular fortnightly magazine. He sets targets for and reviews the performances of the sales representatives of his region. Changes in marketing strategies mandated by the magazine's headquarters authorized Shawn to be solely responsible to bring about the necessary changes in his region. In the given scenario, Shawn is most likely a _____.

A) middle manager

B) team leader

C) first-line manager

D) top manager

<u>Answer:</u>

In the given scenario, Shawn is most likely a middle manager

<u>Explanation:</u>

Middle managers deal with intent perspective and department-level decision making. Middle managers are accountable for each of the areas, as properly as for specific units inside the functional lines. Middle managers are responsible to top management for their department’s function.

They control lower-level managers and encourage them to work better. General managers, branch managers, department managers are all instances of middle-level managers. Middle managers require information from high to know what the plan is and erudition from beneath to track growth and contemporary conditions.

3 0
2 years ago
Match the definition with the correct type of unemployment. Not all items will be used.
ch4aika [34]

Answer:

For (1) the answer is (C)

For (2) the answer is (B)

For (3) the answer is (D)

5 0
3 years ago
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