Answer:
JOURNAL ENTRIES
Dr. Bad Debts.......................3,700
Cr. Accounts Receivable.............3,700
Explanation:
an adjustment for estimated uncollectible accounts at the end of 2021
JOURNAL ENTRIES
Dr. Bad Debts.......................3,700
Cr. Accounts Receivable.............3,700
for the actual bad debts in 2022. we have adjust for the difference between the estimate and the actual amount which is $1,100
JOURNAL ENTRIES
Dr. Accounts receivable...(3700-2600)...1,100
Cr. Bad debts recovered.....................................1,100
Being bad debts recovered, a shortfall in actual estimates
Answer:
Option (C) is correct.
Explanation:
Given that,
Population rises from 40 million to 44 million
Country's Real GDP rises from $825 billion to $890 billion during this same period.
Therefore,
This country experiencing a absolute economic growth because of the rise in real GDP.
Initial per capita growth:
= Initial Real GDP ÷ Initial Population
= $825 ÷ 40 million
= $20.625
New per capita growth:
= Increased Real GDP ÷ New Population
= $890 ÷ 44 million
= $20.227
Above calculations clearly shows that there is a decline in the per capita growth.
Hence, there is an absolute economic growth but not per-capita real.
Answer:
-5.95%
Explanation:
A = P(1+r)^n
A is the auction price at which the sculpture was sold = $10,331,500
P is the price the sculpture was purchased = $12,417,500
n is the time interval between the year of sales and year of purchase
10,331,500 = 12,417,500(1+r)^3
(1+r)^3 = 10,331,500/12,417,500
(1+r)^3 = 0.832
1+r = (0.832)^1/3
1+r = 0.9405
r = 0.9405 - 1 = -0.0595 = -5.95%
The main purpose of organizational portfolio plan is to ensure that the high-level strategy that the organization is implementing translated to an actual workable plan that is measurable and specific enough to be executed by the relevant business functions responsible.
A gap between strategy and executed plans are a very common business problem to encounter in various industries. Thus, the best answer for the question is (A) identifying strategic business units (sbus) and establishing methods to determine how resources should be allocated among the various sbus.
