Answer:
B. $60,000
Explanation:
4 office units x $ 2,500 per month x 12 months = 120,000
Vanccy and collection losses 15%
120,000 x 15% = 18,000
Then operating expenses for $ 42,000
The capital expenditures aren't considered expenses for the period.
120,000 - 18,000 - 42,000 = 60,000
Employers find that many college graduates are not career-ready in Critical thinking, written communication, and evaluating information skills that employers are looking for.
<h3>What are skills?</h3>
Skills can be described as the expertise or talent that is been acquired so that a job or task can be done .
It should be noted that Job skills allow one to do a particular job , hence Employers find that many college graduates are not career-ready in Critical thinking, written communication, and evaluating information skills that employers are looking for.
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The Expected result of a Management function is Evaluating (Controlling).
<h3> What do managers evaluate in the controlling function?</h3>
- The concept of management involves controlling and guiding personnel and resources within the organization.
- It includes planning, making decisions, motivating, leading, and carrying out different functions to achieve goals and objectives efficiently and effectively.
- The functions of management are interconnected, and differentiation between them is highly subjective. Therefore, they are non-linear.
- The control function assesses whether goals were achieved and is often used to evaluate the performance of employees, departments, and the organization as a whole.
- The measurement of performance can be done in several ways, depending on the performance standards, including financial statements, sales reports, production results, customer satisfaction, and formal performance appraisals.
- Managers at all levels engage in the managerial function of controlling to some degree.
- Controlling involves ensuring that performance does not deviate from standards.
- Controlling consists of three steps, which include (1) establishing performance standards, (2) comparing actual performance against standards, and (3) taking corrective action when necessary.
- Performance standards are often stated in monetary terms such as revenue, costs, or profits but may also be stated in other terms, such as units produced, number of defective products, or levels of quality or customer service.
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Increased prices of fertilizers would bring a change in the price of a related (substitute) good.
The use of too much fertilizers in the crop increases the crop yields but decreases it's quality and thus the crops are available at a cheaper rate. On the contrary, when the fertilizers has increased, there would be lesser application of fertilizers with a good crop yield but an increased price of the related good too.
It is not profitable to utilise a pound of fertiliser when the price is higher than the anticipated increase in revenue from applying it to the field. Producers will be encouraged to use less fertiliser per acre because fertiliser prices have risen more than most crop prices.
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Answer:
a. Debit to Bad Debts Expense of $26,600
Explanation:
The computation of the bad debt expense is shown below:
= Allowance for uncollectible accounts - credit balance of allowance for uncollectible accounts
= $31,400 - $4,800
= $26,600
Hence, the first option is correct
