Step 1: Identify the decision. You realize that you need to make a decision. ...
Step 2: Gather relevant information. ...
Step 3: Identify the alternatives. ...
Step 4: Weigh the evidence. ...
Step 5: Choose among alternatives. ...
Step 6: Take action. ...
Step 7: Review your decision & its consequences.
<span>Bad debt expense would be $140,000 multiplied by 3% minus
the credit balance of allowance for doubtful accounts of $1,400 that is $2,800.
The journal entry will be a debit to bad debt expense worth $2800 and a credit
to allowance for doubtful accounts worth $2800</span>
Answer:
C. is the value of the next best alternative as a result of choosing some given alternative
Explanation:
Opportunity cost -It is the the benefit that an individual , business or investor miss out , while choosing an alternative .The financial reports does not show the opportunity cost , which the owner of the business use to make an educated decisions while going through multiple options .
Answer:
The double-entry model of accounting might be un-necessary in database frameworks could be valid as the sums identified with the exchange are gone into a database frameworks accurately, as it is put away just a single time and not twice. Information handling is adequately precise to make pointless the detailed arrangement of checks and twofold watches that describes the double-entry model.
Despite the fact that there are points of interest of double-entry accounting, in database frameworks it is superfluous as the database model handling get the job done these focal points.
Effect of database frameworks on bookkeeping and the AIS are robotization and smooth out reporting.It process, changes and creates an information and it is utilized for dynamic as it gives the opportune data as it is mechanized.
Solid interior controls are actualized in the framework with the goal that accounting frauds won't happen.
Answer:
Price
Quality
Explanation:
There are many things to be considered when choosing a supplier, however, price (covering price, Total Cost of Opportunity ) and Quality ( covering product and service quality and quality history) should be prioritized.