Answer:
Debit Allowance for doubtful debts $1,200
Credit Accounts receivable $1,200
Being entries to write off uncollectible debt on December 1
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Where a debit that had previously been determined to have gone bad gets settled, debit cash and credit bad debt expense.
Answer: (C) Shows one brand's strengths relative to those of competitors
Explanation:
A comparative advertisement is one of the type of business marketing strategy in which the various types of companies and organizations are compare the brands and the services in the market.
By using this type of advertisement strategy the company presenting and compare the features of their products in the market for the purpose of increase their productivity and the growth of an organization.
According to the given question, the comparative advertisement is basically showing the strengthen of their product and the brand with the other company's product in the market.
Therefore, Option (C) is correct answer.
Answer: D. Distinguish child support payments from alimony.
Explanation:
Alimony is simply referred to as the payments that is paid to a spouse after a divorce in order to support such spouse. It should be noted that this payment can either be on a continuing basis or can be a lump sum.
Alimony is the payment made to the dependent spouse by the supporting spouse. The alimony rules applicable to divorces entered into before 2019 differentiates child support payments from alimony.
Therefore, option D is the correct answer.
Answer:
euro medium-term note
Explanation:
Based on the information provided within the question it can be said that the term being mentioned is a euro medium-term note. This is a debt instrument that require fixed payments that are issued to the market and allows the borrower to retrieve these funds if actually needed on a flexible basis. These are usually only traded and issued outside of the U.S. and Canada.
Answer:
The correct answer is I. Underestimate the percentage increase in bond price when the yield falls; IV. Overestimate the percentage decrease in bond price when the yield rises.
Explanation:
Convexity is the relationship between price and profitability of a bond. The duration has to do with the period in which the bonds mature, where some variables such as redemptions are taken into account in order to finally be able to measure the risk of changes in interest rates.
