Answer:the adjustment to record bad debts for the period will require a
Debit on
Bad debt expenses for $ 12,670 and a credit To Allowance for doubtful accounts for $ 12,670
Explanation:
Account receivables for uncollectibles= $13,900
Allowance for Doubtful Accounts = credit balance of $1230
Adjusting entry for bad debts expense =Account receivables - credit balance of $1230
= $13,900- $1,230
=$12,670
Adjusting entry for the record of bad debts expense
Accounts titles Debit Credit
Bad debt expenses $ 12,670
To Allowance for doubtful accounts $ 12,670
Answer:International trade deals within countries, while channel management is a form of trade that could be within the country or outside but seeking the best form or place for the market
Explanation:
International trade is the situation where two countries do business, either long distance buying(importing) or one is selling(exporting).
While Channel management is a technique for choosing the most efficient channels to sale or market your goods and making good profit or deriving the best result from those channel chosen.
Knowing the difference between the two terms is important so you can understand where best your market is appreciated and where best to avoid selling to.
International trade deals within countries, while channel management is a form of trade that could be within the country or outside but seeking the best form or place for the market
Answer:
1. Economic Growth and Regulatory Paperwork Reduction Act - <em>Consumer has less paperwork to go through to buy a new house</em>
The Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA) is a law that requires that the regulatory bodies of Federal Deposit Insured Corporation insured institutions such as banks and savings organisations review the documents they require from said banks to see if there are any unnecessary requirements needed. This will translate to fewer paperwork for the customers of such banks who for instance seek a mortgage to buy a house.
2. Fair Credit Reporting Act - <em>Consumer disputes financial information reported to a credit scoring company</em>
The Fair Credit Reporting Act (FCRA) gives consumers the right to dispute the information reported to a credit scoring company. It also regulates how these companies are allowed to collect and share the acquired data.
3. Federal Deposit Insurance Act - <em>The FDIC has the right to review companies for consumers</em>
4. Children's Online Privacy Act - <em>Consumer refuses to provide their five-year-old child's financial data to a company.</em>
The Children's Online Privacy Protection Act was passed in 1998 as a means to allow parents to determine what information about their children that websites can collect. Children in this case refers to people under the age of 13.
$3,115,770 is the cost of goods sold for the company.
<h3>What are goods ?</h3>
In economics, "goods" are things that fulfill human needs and provide utility, such as to a customer buying a fulfilling product. Services that cannot be transferred and transferable products are two categories that are frequently distinguished.
When a good is helpful to people but is in short supply compared to demand, it is said to be a "economic good" and requires human effort to attain. Free things, on the other hand, like air, are always available and don't require any deliberate effort to obtain. Private goods include anything a person owns or uses on a regular basis that is unrelated to food, such as televisions, living room furnishings, wallets, cell phones, etc.
To learn more about goods from the given link:
brainly.com/question/12802278
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