Money clothes business and shoes hope this helps
Answer and Explanation:
The journal entry for recording the bad debt expense is shown below:
a. In case of when direct write off method is used
Bad debt expense $13,780
To Account receivable-Wil Treadwell $13,780
(Being bad debt expense is recorded)
Here the bad debt expense is debited as it increased the expenses and credited the account receivable as it decreased the assets
b. In case of when allowance method is used
Allowance for doubtful accounts $13,780
To Account receivable-Wil Treadwell $13,780
(Being the allowance is recorded)
Here the allowance is debited as it increased the assets and credited the account receivable as it decreased the assets
Answer:
The Concept of Opportunity Cost
Explanation:
An opportunity cost is the cost associated with choosing to enjoy a particular benefit or pursue a particular venture at the expense of enjoying the benefit of its best alternate choice. In other words, when you enjoy the benefits of action A, the opportunity cost is the potential benefit of action B that one had to give up to achieve action A.
According to the question, money and resources devoted to war on terrorism represents the choice of the nation and the benefits maybe that the country is free from terrorist attacks. However, the opportunity cost is that the benefit of freedom from terrorist attacks comes at the expense of goods that could have been produced if the country should choose to pursue production of goods.
Answer:
By Engaging in Corporate social responsibilities.
Explanation:
Corporate social responsibility (CSR) is an approach accepted by modern companies. Engaging in CSR means a business integrates issues affecting its surroundings in its business planning. The company tries to balance its profitability objectives with environmental and social accountability.
CSR programs improve relations between communities and businesses. Companies use their profits to fund environmental management programs and social aspects such as health care and sports. CSR makes companies good corporate citizens.
The term organization culture refers to the values and norms that are shared among employees of an organization. Your culture is the values, norms and beliefs you were raised in and believe in. This is also true for a business, they have values and norms that everyone follows when representing the company they work for.
