How does money serve as a store of value?

The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2019: Number of Days Unpaid

Art [367]

Answer:

bad debt expense 7,464 debit

allowance for doubtful accounts 7,464 credit

--to record year-end adjustment for bad debt expense--

allowance for doubtful accounts 3,171 debit

accounts receivables 3,171 credit

--to record write-off of a custoemr account--

Explanation:

We multiply each balance by their expected uncollectible amount:

Date // Amount // Expected // uncollectible

not due 127400 0.03 3,822

up to 30 90100 0.13 11,713

up to 60 54500 0.19 10,355

above 61 32700 0.33 10,791

Total 36,681

Allowance balance 29,217

Difference 36,681 - 29,217 = 7,464

The write-off will decrease both, account recievable and the allowance

Allowance for doubtful accounts

Debit Credit

36,681

3,171

Balance 33,510

8 0

3 years ago

________ is the practice wherein an organization gives another organization the right to use its brand name, technology, or prod

Sliva [168]

Answer: Licensing

Explanation:

A licensing is the term which is used to the refers to the official permission that should be taken from the other organization for manufacturing their products and the services.

The main purpose of the licensing is that the organization can easily run their business by accomplish the the licensing practices which include the qualification, training and the professional experience.

According to the given question, the licensing is one of the practices that one company gives permit or rights to the another company for using their technology and the brand name.

Therefore, Licensing is the correct answer.

6 0

4 years ago

Proof that the dollar amount of the debits equals the dollar amount of the credits in the ledger means a.all accounts have their

Pani-rosa [81]

Answer:

c.only that the debit dollar amounts equal the credit dollar amounts

Explanation:

For recording the business transactions, the first step is journalizing through recording. After that we post these to their respective account which we called ledger accounts.

The motive of recording the business transactions is to equate the debit and credit sections as per the double accounting through which the financial statements should be verified, and correct in all aspects.

6 0

3 years ago

Characteristics of just-in-time partnerships do not include:

julia-pushkina [17]

Characteristics of just-in-time partnerships do not include:
a.focus on core competencies.
b.removal of in-transit inventory.
c.long-term contracts.
d.large lot sizes to save on setup costs and to gain quantity discounts.
e.produce with zero defects.

The answer is B

5 0

3 years ago

Ancho Corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel-based cars. The company real

trasher [3.6K]

Answer:

A) leveraging new core competencies to improve current market position.

Explanation:

As is given in the scenario, the people that the company Ancho is trying to get are potential customers rather than existing, hence they cannot be said to be building new core competencies to protect and extend current market position. That would have been the case if they were trying to keep those that were already customers to the company.

Ancho cannot also be said to be redeploying existing core competencies to compete in future markets because they are actually acquiring new competencies in electric car manufacturing which was not their original line of business.

There is also no case of unlearning existing core competencies because Anchor has deployed existing competencies in developing a hybrid car rather than just an electric one.

Hence Anchor is trying to get new customers while keeping the old ones and has made a car that will appeal to both existing and potential customers to improve current market position.

8 0

4 years ago