Answer: The account is a temporary account.
Explanation: Allowance for doubtful accounts refers to the contra-asset accounts prepared to reflect the actual debtors that are expected to be paid.
Temporary accounts refers to those accounts the balance of which becomes zero at the end of the financial year due to the closing entries made. However, the allowance for doubtful accounts remain on the balance sheet if the expectancy of unpaid debtor remains as such.
Answer:
<h2>The answer in this case would be option D. given in the answer choices or Chain of Command.</h2>
Explanation:
- Under the chain of command system, the line of authority or organizational control runs hierarchically from the top to the low levels of the administrative management chain.
- The organizational functions, duties, assignments and responsibilities are arranged according to the hierarchical structure of the organizational management or administration under the chain of command system.
- The departmental designations and divisions under the chain of command are also guided by hierarchical classification of the organization management.The officials under the department of the lower levels of management usually work under and report to the middle or top management levels and the departments and officials working in the mid level management generally reports to the top level management in any business organization.
- Hence, the line of control or authority flows or runs from the upper/top level to the relatively lower levels of management under chain of command.
Answer:
“Hence, the amount that must be paid to the preferred stockholders be paid prior to paying dividends to common stockholders at the end of third year = $24,000”
Explanation:
The Paid-up value of Preferred Shares = $100,000 [1,000 Shares x $100]
The Amount of Preferred Dividend per year = $8,000 [$100,000 x 8%]
The amount that must be paid to the preferred stockholders be paid prior to paying dividends to common stockholders at the end of third year
= Cumulative Preferred Dividends payable for the 2 years + Current Year Dividend
= [$8,000 x 2 Years] + $8,000
= $16,000 + 8,000
= $24,000
“Hence, the amount that must be paid to the preferred stockholders be paid prior to paying dividends to common stockholders at the end of third year = $24,000”
Answer:
cognitive dissonance
Explanation:
Cognitive dissonance occurs when an individual pursues more than one contradictory value, idea, or belief. This leads to stress as the person is form between multiple choices.
For example a HR manager is responsible for staff welfare and also owes allegiance to the management. If management is carrying out a policy that has adverse effect on staff the HRanager will be torn between conflicting beliefs.
In this case although Maria purchased the coat at higher price she experiences tension because she would have purchased it at lower price somewhere else.
Answer:
Explanation:
In a cost benefit analysis, you have to have a common unit so that you are able to make a comparison. As the old saying goes, it is hard to compare apple to oranges. To know if a product is worth the investment, we must use money as a common unit for comparison's sake.