Answer:
a) A brainstorming meeting.
Explanation:
Have a good day and stay safe!
Answer:
Debit Bad Debts Expense $44,000; Credit Allowance for Doubtful Accounts $44,000.
Explanation:
Bad debt Expenses = Sales * Uncollectible rate
= $2,200,000*2.0%
= $44,000
Date Account Titles and Explanation Debit Credit
Bad debt expenses $44,000
Allowances for doubtful accounts $44,000
(To record bad debt expenses)
Answer: At the end of the fiscal year
Explanation: In simple words, adjusting entries refers to the entries that are made in the accounts at the end of the accounting for to recognize income and expenses that are not accurately recorded in the accounts.
These journal entries can only be made at the end of the year as the mistakes could only be identified after preparing and comparing all the statements relating to the company.
Answer:
Definitive estimate
Explanation:
The definitive estimate shows the most accurate or correct estimation for the amount of work and the resources required for finishing the project. It is the estimate in which the organization commits to an order to the baseline
So as per the given situation, the accurate estimated i.e. should be created only after most design work is finished is known as the definitive estimate
Answer: No policy will move the economy to point B in the long run.
Explanation:
The unemployment state which is natural has it effects on the economy of a state. For the economy to thrive there have to be involvement of labour where people are more employed to carry out operations, this is what would make any policy decided to move.