All categories

2 years ago

The trial balance before adjustment of Taylor Swift Inc. shows the following balances.

Business

1 answer:

ale4655 [162]2 years ago

3 0

Answer:

A. Dr Bad Debt Expense$5,350

Cr Allowance for Doubtful account$5,350

B. Dr Bad Debt Expense $2,800

Cr Allowance for Doubtful account$2,800

Explanation:

Preparation of the journal entry for the estimated bad debts

A. Based on the information given the Journal entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts will be:

Dr Bad Debt Expense$5,350

Cr Allowance for Doubtful account$5,350

[(4%*90,000)-1,750]

B. Based on the information given the Journal entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts will be:

Dr Bad Debt Expense $2,800

Cr Allowance for Doubtful account$2,800

[(5%*90,000)-1,700]

You might be interested in

Lee is the product manager for a software program sold by Company ABC. In evaluating the product, Lee determines that something

dezoksy [38]

Answer:

Explanation: The marketing mix consists of a number of factors that a producer usually exploits in order to influence consumers to purchase his/her products and services.

The marketing mix consists of:

- Product

- Price

- Place

- Promotion.

The above are usually called the 4Ps of marketing.

Of the four factors of the marketing mix, the factor that will the easiest for Lee to change will be the price.

This is because, often times, the price of a product or service will be the major determinant in the success of said commodity, and this is due to the fact that customers will compare the product being offered with its price in order to judge whether the product is worthy of the value placed on it.

Therefore, in order for Lee to influence the potential customers to make purchases, the price of the software program will be the easiest to be reviewed, and it should be set to a level where potential customers will be influenced to exchange their money for the software program.

8 0

3 years ago

Which promotion mix element stimulates purchase directly through an incentive to buy, such as a coupon or rebate?

Darina [25.2K]

Sales promotion mix element stimulates purchase directly through an incentive to buy, such as a coupon or rebate.

<h3>How does sales promotion work?</h3>

Sales promotion is one of the components of the promotional mix.
Sales promotion is a marketing strategy where a company would utilize brief-term campaigns to generate interest and demand for a product, service, or other offerings.
Advertising, personal selling, direct marketing, and publicity/public relations make up the bulk of the promotional mix.
Types of Sales Promotion - 4 Important Types: Consumer Sales Promotion, Dealer Promotion, Business Promotion, and Public Relations

To learn more about promotion, refer to the following link:

brainly.com/question/14772910

#SPJ4

3 0

1 year ago

Due to increased corporate responsibilities, the manager of a sporting goods store has asked the assistant manager to take respo

Dahasolnce [82]

Answer:

B. Leadership

Explanation:

Leadership is the art for encouraging the people towards attaining a common goal. In this, it give directions to the workers & colleagues in order to meet out the needs of the company by having a strategy.

Since in the question it is mentioned that manager permit the assitant to make the decision but also scheduled the weekly meeting

So here the manager represent the leadership attribute

6 0

3 years ago

Charles was the last person on his block to purchase a color television set, and that was in the 1980s. He just couldn't see the

dezoksy [38]

Answer:

Charles is classified in the adopter category called "Latecomers"

Explanation:

Latecomers are traditional consumers. For them, buying a new product brings a feeling of extreme psychological discomfort. They do not like news, even flee from it, and consider it immature to buy an innovative article in the market.

Latecomers represent 16% of consumers, are insecure to adopt new things, do not like to try new things and do not follow fads. Being traditionalists, they always perform the same way and only adopt innovation when there is no other alternative. Like Charles, who only bought the color TV because his old tv stopped working.

3 0

3 years ago

5. Consumers subconsciously screen out stimuli that they find psychologically threatening, even though exposure has already take

svetoff [14.1K]

Answer:

The correct answer is letter "E": Perceptual defense.

Explanation:

In psychology, perceptual defense refers to the suppression of a stimulus that represents a threat or an uncomfortable situation for an individual. Those inputs are distorted somehow by the individual to reject the unpleasant feeling so that the person does not feel that bad because of it. In such a way, the brain works as a defense mechanism able to distort information to mitigate the effects in the behavior produced by the stimulus.

5 0

3 years ago