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3 years ago

How you will gather and formulate your data

Business

1 answer:

BigorU [14]3 years ago

3 0

Answer:

1.Identify issues and/or opportunities for collecting data. ...2.Select issue(s) and/or opportunity(ies) and set goals.3.Plan an approach and methods. ...4.Collect data. ...5.Analyze and interpret data. ...6.Act on results.

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During the year, Bears Inc. recorded credit sales of $620,000. Before adjustments at year-end, Bears has accounts receivable of

AleksandrR [38]

Answer:

Bad Debt Expense Dr. $28050

Allowance for Uncollectible accounts Cr. $28050

Explanation:

given data

credit sales = $620,000

accounts receivable = $320,000

past due = $55,000

credit balance = $2,600

rate = 7 %

rate = 22 %

solution

so here Not yet past due is = $320,000 - $55,000 -

Not yet past due = $265,000

and

past due = $55,000

so Required provision is

Required provision = $265,000 × 7 % + $55,000 × 22 %

Required provision = $30650

and

Opening balance is $2,600

Required expense for year = $30650 - $2,600

Required expense for year = $28050

so here

correct entry is

Bad Debt Expense Dr. $28050

Allowance for Uncollectible accounts Cr. $28050

8 0

4 years ago

Alt Corp. issues 5,000 shares of $10 par value common stock at $14 per share. When the transaction is recorded, increases are ma

HACTEHA [7]

Answer:

c. Common Stock $50,000 and Paid-in Capital in Excess of Par Value $20,000.

Explanation:

The journal entry for issuance of the common stock for cash is shown below:

Cash A/c Dr $70,000

To Common stock $50,000 (5,000 shares × $10)

To Additional paid in capital A/c - Common stock A/c $20,000

(Being the common stock is issued for cash)

While recording this entry it increased the assets so the cash account is debited while at the same time it also increased the common stock for $50,000 and the additional paid in capital in excess of par value i.e $20,000 so both these account are credited

8 0

4 years ago

Most viewers of the sitcom Blonde Dream also watch Euphony, a music-based reality show, which is broadcast immediately after Blo

Sphinxa [80]

Answer:

The correct answer is letter "C": duplicated reach.

Explanation:

Duplicated reach refers to an advertisement that could have been seen by the same individual in the audience through different mediums. The activity receives the name of duplicated reach but the promotion can reach people through multiple ways such as television, radio, the internet, social media, billboards, to mention a few.

In the example, <em>the Savor chocolate advertisement has a double reach since it is portrayed during the transmission of two different TV shows using one single channel (television).</em>

3 0

4 years ago

An investor bought a one-acre lot on the outskirts of a city for $12,700 cash. Each year she paid $175 of property taxes. At the

german

Answer:

79.5%.

Explanation:

Rate of return = $\frac{final value - initial value}{initial value}$ x 100

The cost of the acre = $12700.

Total property taxes paid for 7 years = $175 x 7

= $1225

Net value of cost = $12700 + $1225

= $13925

Net value of the land when sold = $25000

∴ Rate of return = $\frac{25000 - 13925}{13925}$ x 100

= 0.7953 x 100

= 79.53%

The rate of return of the acre of land is 79.5%.

7 0

3 years ago

On June 7, Pixer Co. sells $1500 of merchandise to Jasmine Co. on account. Jasmine Co. pays for this merchandise on June 21. a.

Musya8 [376]

Answer:

Debit Accounts Receivable $1,500

Credit Sales $1,500

Debit Cash $1,500

Credit Accounts Receivable $1,500

Explanation:

On June 7, Pixer Co. sells $1500 of merchandise to Jasmine Co. on account.

Pixer's books records the sale by the entry:

Debit Accounts Receivable $1,500

Credit Sales $1,500

On June 21, Jasmine Co. pays for this merchandise. Pixer's books records the receipt of payment by the entry:

Debit Cash $1,500

Credit Accounts Receivable $1,500

7 0

3 years ago