Answer:
$16,700
Explanation:
The computation of the ending balance in the allowance for doubtful account is shown below:
= Unadjusted credit balance + Net credit sales × estimated bad debt percentage
= $4,100 + $210,000 × 6%
= $4,100 + $12,600
= $16,700
We simply added the unadjsuted credit balance and estimated amount after considered the estimated bad debt percentage
The recording of business transactions is a basic and fundamental component of financial reporting and is known as<u> bookkeeping.</u>
<h3>What is Bookkeeping?</h3>
Bookkeeping is the process of recording financial transactions. It entails preparing reference papers for all company transactions, activities, and other occurrences.
The primary goal of bookkeeping is to maintain a comprehensive and precise record of all operations and transactions in a methodical, ordered, and logical way. This guarantees that the financial consequences of these activities are accounted for in the accounting books.
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Treasury bills are a favorite place for financial managers to invest excess cash because of the sizable and vibrant market in which they are traded.
<h3>What are treasury bills?</h3>
Treasury bills are referred to as short-term securities issued by the government when they require cash. In comparison to their face value, bills are offered at a discount.
As a result, the investor can choose any term from one day to a year, literally defining the desired maturity. Maximum liquidity is offered by the "T-bill" market, which may take on practically any volume of activity.
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Explanation:
Recall from the case study that staff motivation has come to a low; most of them <em>"feel distressed". </em>One good quality of a leader is having the ability to motivate his//her employees. Hence, Laura's leadership skills could be most effective by trying to motivate her employees.
Her demanding schedule which requires frequent travel wouldn't allow her to properly manage the entire staff. Hence,<em> she should share her wealth of experience with the two managers, who in turn could then train the five members of staff they manage, by so doing she'll be building upon her leadership skill.</em>