Answer:
See explanation section.
Explanation:
December 31, 2017
Bad debt expense Debit = $17,600
Allowance for Doubtful Account Credit = $17,600
To record the bad debt expense
Calculation: Bad debt expense = $250,000 × 8% = $20,000. However, we cannot take this amount because Allowance for Doubtful Account is a positive contra entry, which has a $2,400 credit balance. Therefore, we have to deduct $2,400 from $20,000 to get the actual bad debt expense.
P=present value
F=future value=500
n=number of years=2
i=annual interest rate=3%
We have
F=P(1+i)^n
=>
P=F/(1+i)^n
=500/(1.03^2)
= 471.30 to the nearest cent
According to "scientific view of risk", most of the public’s view of risk is different than risk experts.
<h3>Who are risk experts?</h3>
A risk management expert is a position hired by corporations to find possible hazards that might hurt the company's bottom line. Financial concerns have typically been the emphasis of this function. But risk managers are increasingly expected to detect possible hazards that might harm workers, third-party risks, cybersecurity dangers, and privacy-related problems. As a result, money, personnel, facilities, information technology (IT), data, and reputation are now included in the scope of risk management. Before the COVID-19 pandemic introduced new facets of market risk in early 2020, the area of risk management professionals was already one of the enterprise management positions with the quickest rate of growth. Due to the significant effects of COVID-19 and climate change, businesses are calling for more risk management experts.
To know more about risk experts, visit;
brainly.com/question/28506905
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Answer:
Explanation:
a. General Journal
1
Dr Cash $27,500
Cr Common Stock $27,500
2
Dr Merchandise Inventory $22,000
Cr Cash $22,000
3
Dr Cash $ 30,500
Sales $ 30,500
4
Dr Cost of goods sold $ 15,600
Merchandise Inventory $ 15,600
c)
Income Statement
For the year ended December 31,Year 1
Sales $ 30,500
Cost of good sold $ 15,600
Gross Margin $ 14,900
d)
Cash Flow from Operating Activities:
Purchase of Inventory ($22,000)
Cash Sales made $ 30,500
Cash Flow from Operating Activities $8,500
Answer:
4. Relationship analysis, often referred to as customer relationship analytics, is known as the processing of information and data about their customers and the relationship that is established with the organization or enterprise , this is done in order to generate more sales and service also to lower the cost.
5. The principle or base of the Analogy technique is mostly grounded on identifying the typical factors and features of concerning problem, and thus finding situations, objects, or the places that also tends to have these same features; and therefore using them as the mental stimuli in order to solve the concerning problem.
