Answer:
1 Depreciation expeense (Debit) $4,200
Accumulated depreciation (Credit) $4,200
2.Bad Debt expense (Dr.) $6,900
Accounts Receivables (Cr.) $6,900
3. Accrued Interest Expense (Dr.) $1,200
Notes Payable (Cr.) $1,200
4. Accrued Income Tax (Dr.) $14,200
Cash (Cr.) $14,200
5. Cash (Dr.) $4,200
Redemption of Gift Cards (Cr.) $4,200
Explanation:
Depreciation expense is considered as a tax shield. The larger the depreciation expense, the lower will be the taxable income. The adjusting entries are required before trial balance is created. There are few transaction that occur after the initial recording of the transactions. These transaction needs to be adjusted before the financial statements preparation.
Considering the business planning strategies, the phase of the goals-based strategic planning that involves an in-depth analysis of the company and its competitors is "<u>Analyze the situation</u>."
This is because, during this stage, firms can carry out an analysis that is often called SWOT analysis.
This allows the business firms to carry out the analysis on their own strength, weakness, and then opportunities and threats of their competitors.
Some other the phases of the goals-based strategic planning include the following:
- Set direction;
- Define strategies;
- Deploy plan
Hence, in this case, it is concluded that the correct answer is "<u>Analyze the situation."</u>
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Answer:
Joint venture
Explanation:
A joint venture is an agreement between two or more parties mostly businesses so as to share markets, intellectual property, assets, knowledge, capital, profits as well as losses. A common phenomenon in which joint venture is used is the partnering up with a local business to enter a foreign market. For example is a company that wants to expand its operations to new countries, can enter into a joint venture agreement with a local business in the new country, thus benefiting from an already existing distribution network
For Axiom International, an Australian company that wants to expand its operations to China, a country that is politically, culturally, and economically different, the mode of entry should be a joint venture with a country in china.
When a membership store (like Costco) costs an annual membership, however sells items at extraordinarily low expenses, it's miles the usage of what economists name a: Price discrimination.
The required details for Price discrimination in given paragraph
Price discrimination is a promoting approach that costs clients specific expenses for the identical service or product primarily based totally on what the vendor thinks they are able to get the consumer to agree to. In natural fee discrimination, the vendor costs every consumer the most fee they may pay. Companies exercise fee discrimination in an effort to maximize profits. Since a huge marketplace normally consists of many kinds of purchasers, fee discrimination lets in groups to provide a excessive fee to well-off purchasers and a low fee to the maximum fee-touchy purchasers.
Price discrimination is practiced primarily based totally on the vendor's notion that clients in sure businesses may be requested to pay greater or much less primarily based totally on sure demographics or on how they cost the service or product in question.
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