Answer:
The correct answer is option (a).
Explanation:
According to the scenario, computation of the given data are as follows:
Allowance method shows that, if account is written off, then Accounts receivable account gets credited and Allowance accounts gets debited.
Here, both accounts are or balance sheet items.
So, it will not affect any expenses account.
Apple should charge $800 for it's laptop to deter dell from entering the market and earn 20% return on investment at this price.
<u>Explanation:</u>
Apple will earn profit if it charges $1000 for it's very thin ad light laptop. If apple charges this much amount and dell does not enter the market, then apple would be able to earn highest profit. But if dell enters the market, then apple will not be able to earn highest profit and it will have to split the market with dell, earning about only 16%.
But if apple charges $800, then dell will not enter the market because it will be a loss for it because it would be only able to cover 5% of it's return on investment. Thus it is best for apple to charge $800 to deter dell from entering the market. At this price, apple will get 20% of it's return on investment.
Question Completion:
Since the Trial Balance was not provided, we assume that the Supplies account had a beginning balance of $120 for the purpose of this exercise. Any other figure can be substituted for this balance.
Answer:
Adjusted Trial Balance as of December 31: Income Statement Balance
Debit Credit Expense Revenue Sheet
a. Depreciation expense $18 $18
Accumulated Depreciation $18 -$18 assets
b. Accrued Salaries $21 $21
Salaries Payable $21 $21 liabilities
c. Unearned Revenue $27 -$27 Liab.
Earned Revenue $27 $27
d. Supplies Expense $30 $30
Supplies $30 -$30 assets
e. Insurance Expense $30 $30
Prepaid Insurance $30 -$30 assets
Explanation:
Company B with the adjusting events above, usually recorded through the adjusting journal, can also be adjusted directly in the trial balance with their effects on the financial statements clearly demonstrated. Expenses have debit accounts while liabilities have credit accounts. Expenses reduce the net income, revenues increase the net income, while liabilities and assets can be reduced or increased as the case may be.
Answer:
The Finance Cluster and the Managment Cluster
Explanation:
The Finance Cluster would fit Scott because he enjoys working with money, and Finance is all about money. The main subject of study of Finance is simply the the value of money across time.
The Management Cluster would also fit Scott because he enjoys working with people and being a leader. Management is all about leading groups of people, centralizing information, and taking decisions, and for all these reasons, management is likely to be a good fit for him.
Answer:
Personal skills and qualities that employers look for in candidates for ... Overall, employers look for job candidates with strong personal skills because ... They are just as, if not more, important to employers, though you'll need a mix of both. ... two employees utilizing their information technology skills working on fixing a tech ...
Explanation: