Answer:
Debit Allowance for Doubtful Accounts $2,300; credit Accounts Receivable $2,300
Explanation:
The journal entry is shown below:
Allowance for Doubtful Accounts A/c Dr $2,300
To Accounts Receivable A/c $2,300
(Being the written-off amount is recorded)
Since we have to record this journal entry so we debited the Allowance for Doubtful Accounts A/c and credited the account receivable account so that the correct posting can be done.
Answer: d. Payment of an accounts payable
Explanation:
The payment of an accounts payable affects cash because it means that cash was used to pay off the payable in question and therefore the cash that the company holds has now reduced.
In the Statement of Cashflows, this is accounted for under the Operating Activities of the business. A decrease in accounts payable is subtracted from the net income to show that cash has reduced.
According to the manufacturing process, the eggs are processed to prepare them for shipping and purchasing by a consumer through the use of an <u>automated machine, called a “breaker</u>."
<h3>What is the Automated Machine known as Breaker?</h3>
The automated machine known as the <u>breaker</u> in the processing and preparation of eggs is known to break the eggshell, and most often segregates the yolks from the whites.
Typically, these eggs are then pasteurized and processed into liquid, frozen or powdered form to be utilized in restaurants and bakeries or to make other products such as mayonnaise or shampoo.
<h3>The processing of eggs usually involved the following process or steps:</h3>
- breaking,
- filtering,
- mixing,
- stabilizing,
- blending,
- pasteurizing,
- cooling,
- freezing
- drying, and
- packaging.
Hence, in this case, it is concluded that the correct answer is the use of the <u>automated machine, called a “breaker."</u>
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The statement that the percent sales method for estimating bad debts for a company, will only use those balances in the income statement is False.
<h3>What is the percent of sales method?</h3>
The percent of sales method is one of the methods that companies can use to estimate the bad debts that it expects in a given period. Bad debts refer to those Account Receivables that will not pay the company back even after they have taken goods or services on credit. In order to be able to use the percent of sales method, the sales of a company need to be known.
The sales that a company makes includes both the sales that the company made and the accounts receivable. The Accounts Receivables go to the Balance Sheet and Sales go to the Income Statement. This means that the Balance Sheet balances are used as well as Income Statement balances and not just the latter.
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Answer:
The correct answer is letter "B": SWOT's focus on the external environment is too broad and integrative.
Explanation:
The SWOT analysis is a study of the internal and external factors that influence companies' operations and from which the entity can take advantage of or steps to control risks. The <em>internal factors</em> are the Strengths and Weaknesses while the <em>external components</em> are the Opportunities and Threats of the firm.
<em>The SWOT's focus on the external environment is broad and integrative but such characteristic represents an advantage not a limitation of this strategic study.</em>