Answer:
E. Bad debt expense can be estimated by the percent of sales method, the percent of accounts receivable method, or by the aging of accounts receivable method.
Explanation:
The bad debt is an expense that is to be shown on the debit side of the income statement. It refers to the amount which is not collectible by the company due to partie bankruptcy
It can be estimated by the following methods using the Generally accepeted accounting principles (GAAP)
1. percent of accounts receivable method,
2. percent of sales method
3. the aging of accounts receivable method
Hence, the correct option is E.
Answer:
The company records the investment by the entry:
debit Cash and credit Owner's Equity
Explanation:
Mr. Decker invested $20,000 in cash in his new business. He is the Owner of the company.
In the case, the company that he invested received cash from Mr. Decker.
The company will record the increasing in cash and increasing in Owner's Equity account by the journal entry:
Debit Cash $20,000
Credit Owner's Equity $20,000
Avoiding, reducing, reusing and recycling can lower your costs. For example, a few simple changes to how you deal with paper can involve your staff in environmentally friendly processes while saving you money:
avoid using materials unnecessarily
reduce your paper needs by asking staff to print double-sided
reuse by encouraging staff to use scrap paper for message-taking instead of purchasing message pads
recycle by shredding excess paper - you could recycle this commercially or invite staff to take it home for their compost or mulch heaps.
The type of conflict that the person is experiencing is the relationship conflict. This type of conflict arises with the individual's bond to another person. It could either be from personality clashes or emotional interactions. It could be seen above that the conflict which is the individual spends a lot time in work because of having emotional interaction with his best friend, this emotional interaction is that he stays their with his friend because of having the thought that they are close that he wouldn't want to give any disappointment or to turn him down.
A pension fund is a fund that collects and invest income until payment are made to eligible recipients.
A pension fund provides retirement income. it is also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income.
