The answer to the statement above would be TRUE. Yes, it is correct that approximately, 300 billion dollars are donated to charities each year, but this only covers those charities that are registered. There are about 40,000 charities in the United States alone. The answer for this is D.
Answer and Explanation:
The Journal entry is shown below:-
a. Bad Debt Expense Dr, $36,800 ($40,000 – $3,200)
To Allowance for Doubtful Accounts $36,800
(Being the bad debt expense is recorded)
For recording this we debited the bad debt expense as it increased the expenses and at the same time it reduced the assets so the allowance for doubtful accounts is credited
b. Bad Debt Expense Dr, $40,730 ($40,000 + $730)
To Allowance for Doubtful Accounts $40,730
For recording this we debited the bad debt expense as it increased the expenses and at the same time it reduced the assets so the allowance for doubtful accounts is credited
The impression strategy that Alan is using is the self-promotion. The impression strategy of self-promotion tends a person to promote his or herself or in another term, the person would brag his or her accomplishments or the activities that he or she has done in a way which is forceful or a way that other people would think that he or she does not need to know about.
The answer to this question is a Request for Proposal. The request for proposal or RFP is a document requested and being sent to various suppliers / sub-contractors in order to present their company's services and cost of goods or services. It is also a document that is presented thru a bidding process in order to get the project from a certain company.
The potential risk that the investors may face when this is made use is that the issuer may not be able to make profit when the bonds are considered to offer as a guaranteed return because they are honored by law and with that, this will cause the value of the bond to be lowered when exposed in the market in which the return will also be lower when return to the investors.
