1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
-Dominant- [34]
3 years ago
12

"The process through which consumers receive stimulation, transform it into meaningful information, store the information in mem

ory, and retrieve it for decision is called:
Business
1 answer:
dimaraw [331]3 years ago
7 0

Answer:

Information processing

Explanation:

Information processing is a simulating process, which transforms that information into relevant and meaningful information. It is the acquisition, processing, transforming, storing, retrieving the information in storage for a decision to make, displaying, and spreading that information. Therefore, it is an information processing system through which consumers can get proper decision making information.

You might be interested in
The income statement approach to estimating uncollectible accounts expense is used by Kerley Company. On February 28, the firm h
erik [133]

Answer:

Feb 28.

  • Uncollectible accounts expense would amount to 1% of net credit sales made during February.  

Dr Bad Debt Expense $ 27,860

Cr Allowance for Uncollectible Accounts $ 27,860

  • On March 10, an accounts receivable from Kathy Black for $6,100 was determined to be uncollectible and written off.  

Dr Allowance for Uncollectible Accounts $ 6,100

Cr Accounts receivable $ 6,100

  • March 31, Black received an inheritance and immediately paid her past due account in full.  

Dr Accounts receivable $ 6,100

Cr Allowance for Uncollectible Accounts $ 6,100

 

Dr CASH $ 6,100

Cr Accounts receivable $ 6,100

Explanation:

February 28  

Dr Accounts receivable $ 437.000

Cr Allowance for Uncollectible Accounts $ 2.140

Net Credit Sales February $ 3.000.000

 

Uncollectible accounts expense would amount to 1% of net credit sales made during February.  

Dr Bad Debt Expense $ 27.860

Cr Allowance for Uncollectible Accounts $ 27.860

On March 10, an accounts receivable from Kathy Black for $6,100 was determined to be uncollectible and written off.  

Dr Allowance for Uncollectible Accounts $ 6.100

Cr Accounts receivable $ 6.100

March 31, Black received an inheritance and immediately paid her past due account in full.  

Dr Accounts receivable $ 6.100

Cr Allowance for Uncollectible Accounts $ 6.100

 

Dr CASH $ 6.100

Cr Accounts receivable $ 6.100

 

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the % estimated of accounts receivables as CREDIT.  

 

Bad accounts are those credits granted by the company and there is no possibility of being charged.  

"When customers buy products on credits but the company cannot collect the debt, then it's necessary

to cancel the unpaid invoice as uncollectible."  

One way is to directly cancel bad debts at the time it was decided that the credit is bad, the total amount reported as bad debt expenses negatively affect the income statement and the accounts receivable are reduced by the same amount, less assets  

 

The other way is to determine a percentage of the total amount of accounts receivable as bad debts, there are many ways to analyze accounts receivable and calculate the value of bad debts.  

When the company has the percentage of uncollectible accounts, the required journal entry is Bad Expenses (debit) with Reserve for Bad Accounts (credit)  

At the time of cancellation, since the expenses were recognized before, we only use the Allowance for Uncollectible Accounts (Debit)  with accounts receivable (credit), with this we are recognizing the bad credit of the company.  

8 0
3 years ago
A student is asked to write a critique of this excerpt from utopia. if these metals were laid up in any tower in the kingdom it
GenaCL600 [577]
One appropriate critique for this excerpt is that <span>The effects of slavery are much worse than the effects of materialism.
The negative effect of slavery was the continuation of opression and discrimination that experienced by the descendants of the slave over ling period of time. Materialism on the other hand could only cause either abundance of goods, or bankruptcy</span>
8 0
3 years ago
Read 2 more answers
On March 15, American Eagle declares a quarterly cash dividend of $0.095 per share payable on April 13 to all stockholders of re
irinina [24]

Answer:

March 15,

Dr. Dividend                $20,520,000

Cr. Dividend Payable $20,520,000

April 13,

Dr. Dividend Payable $20,520,000

Cr. Cash                      $20,520,000

Explanation:

A dividend is announced and paid after some days, so the journal entries for both event will be recorded separately.

At The time of Declaration no payment is made, only a liability is created against the dividend payment.

Dividend Value = $0.095 x 216,000,000 shares =  $20,520,000

Payment will be made by debiting the dividend payable account to adjust the liability account and Crediting cash for the payment of cash dividend.

8 0
3 years ago
Differences between open opportunity legal equality and free contract
Likurg_2 [28]
<span>open opportunity - allows people to participate in the market of their choice and what they want to do in the market
legal equality - assures people in each market have the same rights</span>
5 0
3 years ago
Your answer is partially correct. Prepare the amortization schedules Sunland will use over the lease term. SUNLAND COMPANY Lease
sasho [114]

Answer:

c

blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah

7 0
3 years ago
Other questions:
  • Jamie received a bonus of $3,000. She decided to deposit the money in a savings account that earns 3.5% compounded daily for 180
    8·1 answer
  • Jones Company sells an average of 200 chairs per week, of which 30% are regular chairs and 70% are executive chairs. Regular cha
    5·1 answer
  • Your grandfather started his own business 52 years ago. He opened an investment account at the end of his third month of busines
    15·1 answer
  • Which of the following statements is not true about an evaluative interview?
    8·2 answers
  • Vonda and Aleiyah are shopping together at the mall for new jeans. Vonda is willing to pay $90 and Aleiyah is willing to pay $50
    15·1 answer
  • Which of the following is a common form of value engineering in which the design team prepares several possible designs of the p
    12·2 answers
  • On the first day of class at a new university you made judgments about the quality of the class before the professor had entered
    6·1 answer
  • England and Scotland both produce scones and sweaters. Suppose that an English worker can produce 50 scones per hour or 1 sweate
    14·1 answer
  • select 3 goals or objectives that a leadership plan might include to achieve a solid business strategy.
    13·1 answer
  • due to a recession, lauren was laid off by her organization. to avoid having lauren and other laid-off workers stop spending mon
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!