Amount of bad debts adjusting entry = 0.7% * 945,000 = 0.7/100 * 9450,000 = $6,615
The amount of the bad debts expense adjusting entry = $6,615
It is FALSE to assert that it is a new product use if an existing product is sold to teenagers in one country and a new entry involves sales to teenagers in a new country.
<h3>What is a new product use?</h3>
A new product use refers to the first usage of a new product by customers anywhere in the world. A new product is also new even to the company that sells it.
But if the company had acquired some selling experience about the product in one country, it is not a new product use when it sells the product in a new country.
Thus, it is FALSE to assert that it is a new product use if an existing product is sold to teenagers in one country and a new entry involves sales to teenagers in a new country.
Learn more about new products development at brainly.com/question/6786480
Answer and Explanation:
Revenue recognized - $192. Revenue title - "Interest revenue" This is answered considering that the bank follows accrual basis of accounting. Therefore, as the bank has earned the interest by lending to the company, it can recognize the interest revenue. And as it is a bank, the interest revenue would be shown under the "Revenue" section as its main business is lending. The principal will not be revenue at all as it is an Asset and will be regarded as Accounts Receivable.
Answer:
Providing tax breaks and patents for firms that pursue research and development in health and sciences.
Explanation:
- The policies that need to be taken care of are the to develop and enhance skills and more smarter R and D functioning. through the development of the infrastructural and international trade.
- The business relations and includes taking tax breaks and providing the patents to the forms in the areas of health and sciences and depends on the savings and investment in the new technology and human resources.
The market system is also known as capitalism, while the command system is also known as communism. The market system is owned by private ownership, businessman and companies, hence it has capitalism concept. The command system is owned by a community or public.
Hence it can be said that
The market system is also known as <u>capitalism</u>, while the command system is also known as <u>communism</u>.