Answer:
Ophelia Inc.
Assuming that the company utilizes the allowance method, Ophelia should record a(n):
decrease in Accounts Receivable
Explanation:
This means that the accounts receivable will be credited while the allowance for doubtful accounts is debited to record the decreased value. The Patton Inc. account may not be recovered fully. However, the amount of the decrease depends on the amount that can be recovered from Patton. Thereupon, the accounts receivable will first be credited with the cash recovered with the corresponding debit entry in the Cash account.
Paying a graphic designer to create a logo.
Answer:
The use of a proper CRM.
Explanation:
A CRM basically means or translate to a Customer Management System.
A customer management system is an Information technology tool or software that enables companies to properly manage track and monitor their interactions and relationship with clients or potential customers.
Referring back to the question asked, the best answer to the question is to categories or segment the customer management system into teams and generate a unique assess code such that only the team working on a particular potential customer can access and monitor the status of interaction between a sales person and a customer within the same sales team.
This way, a third party sales team does not have access to the data of other sales team.
Answer:
Accrual basis.
Explanation:
The accrual basis of accounting refers to the accounting method where by revenues are recognized on the profit and loss statement when they are realized and not when the money is received.
Both y and x is the correct answer
