Answer:
A. $2,800
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Amount assessed to be uncollectible
= 4% × $90,000
= $3,600
Additional Amount to be allowed for
= $3,600 - $800
= $2,800
This will be posted as debit to bad debt and a credit to allowance for doubtful debts account.
Answer:
July 8th
cash 350,000
unearned revenue 350,000
August 1st
unearned revenue 350,000
cash 650,000
service revenue 1,000,000
Explanation:
July 8th we have to post for the cash received, the total amount of the sale, may change so we don't record that.
On August 1st the services were performed. We accrued revenue for the whole amount of the contract. We record the cash received and we write-off the unearned revenue because is no more.
A subset career in another field, or sub discipline, smaller or more specialized area of study or occupation within a larger one
The given statement is true that it is better for businesses to have a 'lower' opportunity cost since it often provides them a with a comparative advantage.
Opportunity costs refer to a relative measure of missing potential benefits from unavailed production opportunities. Whereas the concept of comparative advantage refers to the ability of an economy to produce a specific service or product in a more economically competitive and efficient manner than its trading peers.
Since comparative advantage increases profitability and 'lowers' opportunity costs, the comparative advantage theory suggests that opportunity cost is a factor for analysis in selecting between different options for production. That is the point where comparative advantage is seen from the perspective of opportunity costs as it allows companies to focus on resources, labor, and capital required for production with lower opportunity costs and higher profit margins.
You can learn more about comparative advantage at
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Answer:
Option C
Explanation:
B2B (business-to-business) marketing involves selling products to firms or other organisations for use in the manufacturing of items, for use in general economic activities (such as office equipment), or for reselling to other customers, such as a distributor selling to a store.
The consumer market includes customers who buy new commodities instead of resale. Not all customers, though, are similar in their desires, interests and purchasing habits due to various features that may differentiate several customers from everyone else.
Thus, from the above we can conclude that the correct option is C.