No more than two pages and should include the most important information from each section of the plan. it should open with a compelling story to persuade the reader that the business is going to succeed. then it should support the statement gathered through market research.
Answer:
journal entries
Write-off
Debit Bad Debts expense $11,000 Credit Accounts receivable $11,000
Recovery
Debit Bank $1,800 Credit Bad Debt Recovered income $1,800
Allowance for Doubtful debt Adjustment
Debit Allowance for doubtful debt Adjustment $4,000 Credit Allowance for doubtful debt $4,000
Explanation:
Write-off
The write-off creates an expense (bad debt) and and decreases an asset ( Accounts receivable)
Recovery
Since the amount has been written off as bad, when it is recovered it is no longer recognized as a payment on accounts receivable but an income the entity thought was lost.
Allowance for doubtful debt adjustment
The differences in the opening balance and closing balance either creates an expense or an income adjustment. These estimates are on net Accounts receivables ( after bad debts) are a negative assets.
19000 - 15000 = 4000(increase) adjustment and is an expense.
Answer:
concept maps work because they <u>visually demonstrate relationships</u>
Answer:
In my view the most suitable answer is B. Making decisions that set the direction of the company's strategies for finacial performance.
Explanation:
The roles and the responsibilities of Accounting managers are expanding rapidly in this new digital age. However, the planning and the strategic decision making part is the most demanding roles that are expected from the accounting managers in today's world.
Xi-Ling focussed on her debt management by setting aside a part of net income in paying down the debts. The amount that Xi-Ling put towards the debt is $65.75.
<h3>What is Debt Management?</h3>
Debt management is a tool that facilitates keeping the debt under control through planning and budgeting. It helps in clearing the problem of debt at an affordable pace.
Xi-Ling has a monthly salary of $2,315 out of which 5% is her net income. The net income therefore is:
Out of the net income of $115.75, she keeps aside $50 and uses the rest in paying down her debts. Therefore, the amount used for debts is:
Hence the amount Xi- Ling put towards paying down the debts is $65.75.
Learn more about debt management here:
brainly.com/question/7924883
