Answer:
Gomez Corp. Journal entry
1. 31-Jan
Dr Allowance for doubtful accounts $800
Cr Accounts receivable - C. Green $800
2. 9-Mar
Dr Accounts receivable - C. Green $300
Cr Allowance for doubtful accounts $300
3. 9-Mar
Dr Cash $300
Cr Accounts receivable - C. Green $300
Explanation:
1. On January 1 Gomez Corp was said to use the allowance method to account for uncollectibles which means we have to record the write off as uncollectibles by Debiting Allowance for doubtful accounts with $800 and Credit Accounts receivable - C. Green with the same amount.
2. On March 9, receives a payment of $300 from Green which means we have to record the accounts receivables reinstated by
Debiting Accounts receivable - C. Green with $300 and Crediting Allowance for doubtful accounts with same amount.
3. Since it receives a payment of $300 from Green on March 9 we have to record cash receipt by Debiting Cash with $300 and Crediting Accounts receivable - C. Green with $300.
Answer: "marketing strategy" .
____________________________________________________
<span>The measure of economic performance that compares how much a system produces versus the resources required to produce it, is known as *productivity*.</span>
Answer:
Sales Incentives
Explanation:
Sales Incentives is a form of sales promotion in which sales personnel are incentivized to expend greater effort selling a specific product or brand. When salesperson is given some kind of incentives for selling a product or service, the amount or benefit paid to him other than his fixed salary is know as Sales incentive. It is paid basically to motivate him for selling the product, or keep him motivated for selling the larger amount of products.
By using the sales incentives company cant not only increase its sales but also can compete with other companies in retail format and overall. When the particular company's sales team will be more motivated by this technique then surely they will gather more traffic towards them and then converting that traffic into sales number.
