Answer:
1 Depreciation expeense (Debit) $4,200
Accumulated depreciation (Credit) $4,200
2.Bad Debt expense (Dr.) $6,900
Accounts Receivables (Cr.) $6,900
3. Accrued Interest Expense (Dr.) $1,200
Notes Payable (Cr.) $1,200
4. Accrued Income Tax (Dr.) $14,200
Cash (Cr.) $14,200
5. Cash (Dr.) $4,200
Redemption of Gift Cards (Cr.) $4,200
Explanation:
Depreciation expense is considered as a tax shield. The larger the depreciation expense, the lower will be the taxable income. The adjusting entries are required before trial balance is created. There are few transaction that occur after the initial recording of the transactions. These transaction needs to be adjusted before the financial statements preparation.
Answer:
$8,333 per month
Explanation:
Based on the scenario being described within the question it can be said that Robbie should recognize service revenue of $8,333 per month. This is mainly due to the fact that he has estimated a TOTAL consideration of $50,000 for the six months. Therefore you would need to divide that by the six months which would leave you with a service revenue of $8,333 per month.
$50,000/6 = $8,333 per month.
Answer:
C) purchasing goods at product markets
Refine your approach by going back to the drawing board.
Answer: Option B.
<u>Explanation:</u>
The essential issue with this methodology is that you are thinking about the entire world as your customer, and not Coke has such a wide methodology. So as to successfully characterize an objective market (a genuine one), you should follow some fundamental advances:
1. take a gander at your ebb and flow client base: this progression doesn't make a difference to this circumstance legitimately, however you can look through data about comparable items offered by the challenge.
2. break down your item: what is it precisely that you are advertising? what necessities would you say you will fulfill?
3. characterize a particular segment focus on: the entire world is my objective market doesn't have any significant bearing here. You need to pick certain segment components to attempt to figure out who is destined to buy your item.
4. examine the psycho graphics of your expansive objective: psycho graphics incorporate the individual qualities of your latent capacity target showcase, for example adores creatures, caring individuals, and so on.
5. in the wake of finishing stages 1-4, consider if your objective market is excessively expansive or excessively tight, and make any adjustments dependent on your abilities and necessities.
