Answer:
Explanation:
a. Total bad debts expenses = Estimated uncollectible accounts - Credit balance in the allowance account before adjustment
= $4500 - $710
= $3,790
Date Account title Debit Credit
Dec 31 Bad Debt Expense $3,790
Allowance for Doubtful Accounts $3,790
a. Total bad debts expenses = Debit balance in the allowance account before adjustment + estimated uncollectible accounts
= $305+ $4500
= $4,805
Date Account title Debit Credit
Dec 31 Bad Debt Expense $4,805
Allowance for Doubtful Accounts $4,805
168,356 to the nearest ten thousand would be 170,000
Answer: Cost-push inflation is caused by an increase in the prices of the underlying inputs of production.
Answer:
<u>Chief financial officer (CFO) </u>
Explanation:
A financial controller represents the accounting head of a company. The function of a controller is to supervise and direct other accountants of the accounting department with respect to timely and accurate preparation of financial statements. Such an individual reports to the chief financial officer (CFO) of the company.
Treasurer on the other hand, takes custody of or a trustee to business revenues and management of cash flows and raising of capital for projects. Such an individual interacts with shareholders, bankers and providers of finance on behalf of the company and reports to the chief executive officer.
In some companies, the vice president might serve as the chief financial officer but usually the chief financial officer ranks higher in many companies and the vice president reports to CFO.
The chief financial officer reports to the company's chief executive officer i.e CEO. Such a person is responsible for financial planning, risk management as well as financial reporting function.
The answer is <span> inventory turnover
</span><span> inventory turnover refers to the number of times inventory is sold and renewed within a certain period of time.
</span>If the inventory turnover is low, we can conclude that the company is currently having problem in selling out their inventories.