Real estate licensee kimmy is involved in a dispute with another licensee, titus. kimmy prefers to use Mediation to resolve the issue, because she wants to preserve her working relationship with titus.
Mediation
An unbiased third person helps opposing parties resolve dispute via the use of specialized communication and negotiation strategies in mediation, which is a structured, interactive process. We urge active participation from each and every mediator participant. In that it is primarily concerned with the needs, rights, and interests of the parties, mediation is a "party-centered" process. To steer the discussion in a positive direction and assist the parties in arriving at their best resolution, the mediator employs a wide range of strategies. A mediator manages the interactions between parties and encourages honest dialogue, which is an example of facilitation. In addition, the mediator evaluates the concerns and pertinent standards ("reality-testing") without giving the parties any prescriptive advice.
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Answer:
What is allowance for doubtful debt?
This represents management's estimate of the amount of accounts receivable that will not be paid by customers. They are amount owed by debtors, whose likelihood of collection is not certain.
1 Bad debts expense Dr ($18,000 × 0.25%) $45
To Allowance for Doubtful Accounts $45
(Being the bad debt expense is recorded)
2. Bad debts expense $45
($72 - $27)
To Allowance for Doubtful Accounts $45
(Being the bad debt expense is recorded)
3 Bad debts expense $105
($72 + $33)
To Allowance for Doubtful Accounts $105
(Being the bad debt expense is recorded)
4 Allowance for Doubtful Accounts $15
To Accounts Receivable $15
(Being the allowance for doubtful accounts is recorded)
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Explanation:
Answer:
D. Set explicit and measurable objectives for the campaign.
Answer:
Snyder Painting
If Snyder wants to reduce its non-value-added activities to the greatest extent possible, it should concentrate its efforts on reducing the amount of time and money it spends on
B. paint storage.
Explanation:
a) Identified Activities of Snyder Painting:
A. customer consultation.
B. paint storage.
C. site preparation and cleanup.
D. onsite paint application.
b) Non-value added activities are activities that are currently necessary and consume resources but do not add value to the company's product or service. For example, equipment set-up, parts inspection, recording job time, job scheduling, product storage, and customer billing. These activities should be reduced to the barest minimum in order to maximize value.
The correct answer is that there was $3,080 worth of office supplies purchased during the period.
In order to answer this question you know that the company started with $630 worth of office supplies and ended the year with $460 worth, or $170 less than they started with. The company used $170 of supplies from inventory, so they needed to purchase another $3,080 in order arrive at the $3,250 that we know was the total expense during the reporting period.
