Answer:
A) Allowance method of accounting bad debts
Explanation:
Based on the allowance method, the bad debts should be calculated on either credit sales i.e. income statement method or receivable aging method i.e. balance sheet method. Also, the account receivable should be recognized at net realizable value
Therefore the allowance method of accounting bad debts is an answer
Answer:
Real rate of return= 0.048 = 4.8%
Explanation:
Giving the following information:
Nominal rate of return= 11.7%
Inflation rate= 6.9%
<u>To calculate the real rate of return, we need to use the following formula:</u>
Real rate of return= nominal rate of return - inflation rate
Real rate of return= 0.117 - 0.069
Real rate of return= 0.048 = 4.8%
The inflation rate decreases the real value of money through time.
Aggregate planning is essentially a holistic planning approach. Planners typically try to avoid focusing on a single product or service unless the organization has only one primary product or service. Instead, focus on total or aggregate capacity.
Overall planning should therefore be the basis for initial budget development and for budget changes when the conditions are right. Most aggregated planning approaches involve continuous decision variables, requiring frequent adjustments to both production and workforce settings. Despite the availability and versatility of these approaches, few significant applications have been reported.
Aggregate Planning from a Perspective Characteristics of Aggregate Planning In a broader sense of the definition, the problem of aggregation planning has the following characteristics.
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Answer: Employee tasks
Explanation: The human resource branch of management focuses on providing better facilities to human capital of the organisation so that better results could be taken out from them.
Motivation theories are conditions that makes employees work harder for better results in their job.
Thus,human resource management tries to make tasks to be performed by employees feasible so that they will give their full potential to it.
Answer:
debit to Product Warranty Expense for $750.
Explanation:
A warranty is an expense to the business. As per the matching principle, the expense should be accounted for in the period it was incurred. The amount provided for as warranty is debited to the warranty expense account. The funds are meant to cater for any warranty claims. Should there be warranty claims, the amount will be credited to the warranty expenses account.
Calculating the warranty amount for the scout company.
Sales $15,000
The estimated warrant is at 5 percent
Warranty amount = 5/100 x 15,000
=0.05 x 15000
=$750