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Thepotemich [5.8K]
3 years ago
15

I need help with this assignment

Business
1 answer:
svetoff [14.1K]3 years ago
7 0
Business with the primary responsibility for planning the marketing strategy a producer/ manufacturer, wholesaler/retailer, service business
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Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts
sineoko [7]

The amount of the bad debts expense adjusting entry is:$7665.

<h3>Bad debt expenses</h3>

Using this formula

Bad debt expenses=Sales×Estimated sales percentage

Where:

Sales=$1,095,000

Estimated sales percentage=0.7%

Let plug in the formula

Bad debt expenses=$1,095,000×0.7%

Bad debt expenses= $7,665

Therefore the amount of the bad debts expense adjusting entry is:$7665.

Learn more about bad debt expenses here:brainly.com/question/18568784

#SPJ1

5 0
2 years ago
If people expect future earnings of Galt Corporation to be high relative to current earnings, then a. the P/E ratio of its stock
Inessa05 [86]

When earnings are expected to be high relative to current earnings, then a. the P/E ratio of its stock will be high. A P/E ratio of 8 is relatively low.

<h3>What happens when future earnings are expected to be high?</h3>

If earnings are expected to be high as in the case of the Galt Corporation, then the price of the stock will rise.

This will then lead to a high P/E ratio because the price will rise but the earnings will remain the same.

Find out more on the P/E ratio at brainly.com/question/14644755.

#SPJ1

7 0
2 years ago
Sheila owns a childcare business. Since this market is competitive, she has hired an advertising and sales manager to make sure
zysi [14]

Answer:

The correct answer is: marketing expenses.

Explanation:

To begin with, the marketing expenses are those that the company must make in order to obtain a marketing program done such as publicity campaigns. Moreover, this type of expenses include every payment that the company would consider as marketing investment that can improve the development of the organization an its sales to the target audience, therefore that both the materials and the salaries whose goal is to create a marketing campaign will be consider and classified as marketing expenses.  

7 0
3 years ago
Read 2 more answers
Which of the following are reported on the income statement as part of cost of goods? a.administrative expenses b.operating expe
kenny6666 [7]

Answer:

Cost of goods manufactured

Explanation:

Cost of goods manufactured are reported on the face of income statement because it's a critical factor in arriving at the profit or loss position at the end of a period. Cost of goods manufactured takes cognizance of the material costs, labour and overhead costs involved in production. This determines the overall financial status of a company, and allow a decision maker to know if the business is doing good or not.

4 0
3 years ago
An investor purchased a property for $350,000. The investor paid a $150,000 down payment and obtained a $200,000 mortgage. The g
mylen [45]

Answer:2.68

Explanation:

divide the income into the expenses

8 0
2 years ago
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