What are the five marketing management functions used to manage the marketing process?

During 2021, its first year of operations, Pave Construction provides services on account of $160,000. By the end of 2021, cash

vlada-n [284]

Answer:

Uncollectible amounts $12,000 debit

_____ Allowance for uncollectible amounts $12,000 credit

(Being the record of uncollectible)

Allowance for uncollectible amounts $10,000 debit

______ Accounts receivables $100,000 credit

(To record write off 2021)

Balance of the Allowance accounts:

$12,500 - 10,000 = 2,500

Allowance uncollectible amounts $15,000 debit

_____ Accounts receivables $15,000 credit

(To record write off 2022)

Explanation:

•The concluding part of the above question is record the adjusting entry for uncollectible accounts on December 31 2021

• Record write off of accounts receivables in 2022

Sales $160,000

Collection $110,000

AR $50,000

The above is multiplied by 25% unexpected uncontrollable amount : $12,500

The Allowance method will not recognize the additional uncollectible amount expense when doing a writer off. It will only do it when the company does the adjusting entry considering their rates and ageing of their accounts

6 0

3 years ago

What should the driver do if he sees a steady yellow x over the lane that he driving in

Fed [463]

He would slow down yelliw mean slow down red is stop and green is go so he would slow down

4 0

3 years ago

A person in the organization has the ability to given bonuses to employees as part of a corporate compensation program. This is

skad [1K]

A person in the organization has the ability to given bonuses to employees as part of a corporate compensation program. This is an example of reward power.

<h3>What is reward power?</h3>

This is a term that is used formally in the workplace to refer to a power that has been given by people to give out rewards to other workers in the workplace.

A supervisor who gives incentives to workers is an example of a person that holds such a power.

Raed more on reward power here:

brainly.com/question/4068765

#SPJ1

7 0

2 years ago

Greenstream Insurance Agency prepares monthly financial statements. Presented below is an income statement for the month of June

scoray [572]

Answer:

Net Income $12,400

Explanation:

Preparation of a corrected income statement.

GREENSTREAM INSURANCE Agency Income Statement For the Month Ended June 30

RevenuesService Revenue $42,000

[$40,000 +(20%* $10,000).]

Expenses:

Salaries and Wages Expense $17,300

($12,000 + $5,300)

Rent Expense 4,200

Depreciation Expense 3,300

($2,800 + $500)

Supplies Expense 2,800

($0 + $2,800)

Utilities Expense 1,200

($0 + $1,200)

Advertising Expense 800

Total expenses 29,600

Net Income $12,400

(42,000-29,600)

Therefore the net income for the corrected income statement will be $12,400

8 0

4 years ago

Cyclical unemployment arises when:______.

mestny [16]

Answer:

D

Explanation:

types of unemployment

structural unemployment is an unemployment that occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition. Structural unemployment tends to be permanent.

The geologist lost his hob permanently due to increase in wages (polices)

Frictional unemployment: the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. Eg. when a real estate agent who leaves a job in Texas and searches for a similar, higher-paying job in California.

Voluntary unemployment: e.g. worker at a fast-food restaurant who quits work and attends college.

Cyclical unemployment: it occurs as a result of fluctuations in the economy. Unemployment would be high in a downturn and low in a boom

8 0

3 years ago

What are the five marketing management functions used to manage the marketing​ process?

What are the five marketing management functions used to manage the marketing process?