Answer:
A. $800
Explanation:
Ana Co.
Sales $500,000
Accounts Receivable $40,000
Allowance for doubtful accounts $300 Credit
Bad Debts Expense = 2 % of $ 40,000= $ 800
The adjusting entry would be
Bad Debts Expense $ 800 Dr.
Allowance for doubtful accounts $800 Credit
As we already have a credit balance of $ 300 in the doubtful accounts we will increase it with an amount of $ 500.
Allowance for Doubtful Accounts $ 500 Debit
Account Receivable $ 500 Credit
Answer:
The correct answer is letter "B": franchising.
Explanation:
A Franchise is a business where one person, the <em>franchisee</em>, gains access to the proprietary knowledge, processes, and trademarks of a <em>franchisor</em>. In return for a royalty, the franchisee acquires the right to market a product or service under an existing brand name.
The customer is already familiar with the brand, so there is no need to invest additional resources to promote the product.
Answer:
Depreciation for
2017 = $2,540
2018 = $10,160
Explanation:
Provided, Total cost of the machine = $77,980
Estimated salvage value = $6,860
Therefore, value to be depreciated = $77,980 - $6,860 = $71,120
Total life of asset = 7 years
Depreciation for the year 2017 = October to December = 3 months
Depreciation for the year 2018 = 
= $10,160
Under straight line method depreciation is fixed for each year, but in the given case in 2017 the asset is used only for 3 months, thus depreciation will be charged for 3 months only.
Final Answer
Depreciation for
2017 = $2,540
2018 = $10,160
Theres no equation sorryy
Answer: Option B
Explanation: Globalization refers tot he process under which certain business entities starts operating their business in many different countries of the world.
One of the major reasons behind the increasing globalization is the condition in developing nations. The developing nations like India and Pakistan have a large population with a strong purchasing power, but due to lack of technology and capital these economies lack competitive producers.
Therefore, every second business firm with sufficient resources wants to operate in these economies for profit maximization.
