Answer:
A demand schedule
Explanation:
A demand schedule is a table that shows how the quantity demanded varies with changes in prices. It is a table that explains the relationship between the price of a product or service and its demand. A demand schedule provides the same information as the demand curve. The only difference is that the demand curve uses graphical representation, while the demand schedule uses the table format.
Clancy should, therefore, prepare the demand schedule for her boss. It will give the same information regarding the relationship between price of televisions and the quantity demanded.
<span>A good example of a market data approach is a real estate business that shares data on new home purchases between the unit that sells insurance for the home and the business unit that sold the home. A market data approach allows businesses to find and sell to consumers that fit the description of their products. They can read market data that is collected from one agency and use it to sell them their product as well because they are hand in hand products. </span>
When starting a small business it is very important to remember to take into account your employees point-of- view
They would be rebuffed and considered responsible. It lays out measures of moral conduct and expert lead workers are required to keep up interior and amid connections with customers and accomplices. An infringement of the code implies you have acted in a way that conflicts with the code. Doing as such prompts outcomes, as laid out in the archive.
Answer:
Debit : Bad Debts account : $2000 (appearing in the income statement)
Credit : Provision for doubtful debts account : $2000 (appearing in the balance sheet)
Explanation:
This is an example of provision for doubtful debts. Provision for doubtful debts is an estimated amount of bad debts from accounts receivables that has been issues but not yet collected. This is done under the accrual accounting concept where an expense is identified as soon as invoices have been issued rather than waiting long periods to find out which invoice is irrecoverable. It is typically an estimate based on past experience.
In this question, the sales value has not been provided, hence an assumption is made:
Sales : $200,000
If provision for doubtful debts is 1% of sales and all sales is on credit, then the provision for doubtful debts amount is = 1% x $200,000 = $2000
Provision for doubtful debts is an accounts receivable contra account and thus has a credit balance and is recorded in the balance sheet, listed directly under accounts receivables.
The entry is recorded as:
Debit : Bad Debts account : $2000 (appearing in the income statement)
Credit : Provision for doubtful debts account : $2000 (appearing in the balance sheet)
