Answer:
The journal entry is shown below:
Explanation:
The journal entry for writing off the amount through using the Allowance Method is as:
Allowance for Bad debts A/c.............................Dr $300
Accounts Receivable A/c...........................Cr $300
While writing off the amount of bad debt, the allowance for bad debts account is debited against the accounts receivable account.
The journal entry which is to be recorded for reversing the write off through using the Allowance Method:
Accounts Receivable A/c...........................Dr $300
Allowance for Bad debts A/c......................Cr $300
So, for reversing the original entry would be reversed, which means the accounts receivable account is debited as the payment is received and the bad debts got decrease, which means the allowance for Bad debts is credited.
Answer:
Say's law in economics is the ability to purchase something depends on the ability to produce and thereby generate income.
Interest
Interest is the monetary charge for borrowing money—generally expressed as a percentage, such as an annual percentage rate (APR). Key factors affecting interest rates include inflation rate, length of time the money is borrowed, liquidity, and risk of default. Interest can also express ownership in a company.
Numeric record management is a numeric storage technique that utilizes the last two or three digits of each number as the primary division where the record is filed. In this system, records are arranged based on numbers. This system is essential in health care data handling and employee records storage.
The first reason for storing records by the numeric technique is that allows for keeping confidential records, especially in organizations. This method identifies specific records while maintaining confidentiality. It can be of great assistance when handling medical data for patients and employee records because it applies the HIPAA rules.
Numeric record management ensures high accuracy where a high volume of files can be retrieved and re-filed frequently. A color code label is applied and it ensures file retrieval and re-shelving faster and with less confusion. The first, middle, and last number changes together with the color code. The color gives a visual clue which boosts the speed and efficiency of the filling process.
Management is the management of an organization, such as a corporation, non-profit organization, or government agency. This is the art and science of managing company resources.
t guides the group's efforts towards achieving specific, predetermined goals. “Management” is the process of cooperating with and working through others to effectively achieve organizational goals by using limited resources efficiently in a changing world.
Help Group Achieve Goals - Organize production factors, gather and organize resources, and effectively integrate resources to achieve goals. It directs the group's efforts toward achieving pre-established goals.
Learn more about management here
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Answer:
shareholders A and B will each have 30 votes (each invested $30,000)
shareholders C and D will each have 20 votes (each invested $20,000)
shareholder E will have 10 votes (only invested $10,000)
total number of possible votes = (30 x 2) + (20 x 2) + 10 = 110 votes
any decision must be approved by more than 50% of the votes, but since the votes are bundled in tens, 60 votes are needed.
Stockholders number of
<u>A B C D E </u> <u> positive votes</u> <u> win</u>
yes no no no no 30 no
yes yes no no no 60 yes
yes no yes no no 50 no
yes no no yes no 50 no
yes no no no yes 40 no
yes yes yes no no 80 yes
yes yes no yes no 80 yes
yes yes no no yes 70 yes
yes yes yes yes no 100 yes
yes yes yes no yes 90 yes
yes yes yes yes yes 110 yes
no yes no no no 30 no
no yes yes no no 50 no
no yes no yes no 50 no
no yes no no yes 40 no
no yes yes yes no 70 yes
no yes yes no yes 60 yes
no yes no yes yes 60 yes
no yes yes yes yes 80 yes
all other combinations result in negative outcome (less than 60)
