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Korolek [52]
3 years ago
7

Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $8,700 of its accounts receiv

able from Leer Co. 29 Leer Co. unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt. Prepare journal entries to record the above transactions.
Business
1 answer:
Law Incorporation [45]3 years ago
6 0

Answer and Explanation:

The journal entries are shown below;

On Mar 11.

Bad debt exp $8,700

  To Accounts receivable $8,700

(Being the bad debt expense is recorded)

On Mar 29

Accounts receivable $8,700

          To Bad debt exp $8,700

(Being reversal is recorded)

Cash $8,700

             To Accounts receivable $8,700

(being the recovery of the bad debt is recorded)

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shtirl [24]

Answer:

C. III only

Explanation:

Option III states An investment in stock that Misk does not intend to sell in the near future. Which of above securities purchased by Misk should be classified as available-for-sale securities?

The choice of this option alone is based on the reasoning that Available for Sale (AFS) Securities are usually presented based on their fair values. As such an increase in investment will be needed when the Fair value exceeds is more than the cost of the securities.

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ge is utilizing reverse innovation in order to protect itself from rivals.

<h3>What is  reverse innovation?</h3>

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Reverse innovation is the process by which goods developed as low-cost prototypes to satisfy the needs of developing countries, such as battery-powered medical tools in countries with poor infrastructure, are repackaged as low-cost novel goods for Western purchasers.

The approach of innovating in emerging (or developing) markets and then distributing/marketing these inventions in mature ones is known as reverse innovation. Many businesses are creating items in rising markets such as China and India and then distributing them abroad.

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2 years ago
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gregori [183]

One way a magazine can sustain reader interest which are alternating is to take advantage of outside partnership from other print medias.

<h3>What is Reader Interest?</h3>

This refers to the level of interest a group of readers have for a particular written literature and whether they have low or high reception to the written work.

Hence, we can see that based on the fact that a magazine is periodical, it is possible to enter a partnership with another print media who has no such limits to a publisher's title to publish and hence, maintain reader's interest.

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a manufacturing company has been facing codification challenges caused by fluctuating levels of stock.stores departments must ma
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The key considerations that should be made when choosing the most suitable type of stock is to control the stock.

<h3>What should the company control stock?</h3>

When stock is controlled it ensures that there is materials or resources available enough for production.

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Therefore, the key considerations that should be made when choosing the most suitable type of stock is to control the stock.

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2 years ago
In the long run, an increase in the saving rate Group of answer choices doesn’t change the level of productivity or income. rais
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Answer:

The correct answer is letter "B": raises the levels of both productivity and income.

Explanation:

The savings rate represents the percentage of money households and organizations keep instead of spending. This behavior is influenced by different social features each population has. In the long run, an increase in the savings rate increases consumption, which leads the demand to increase pushing companies to increase their productivity to meet demand levels.

Companies may need their employees to work overtime or hire more new talents which increase income in the economy. <em>Then, both productivity and income raise on the savings rate raise.</em>

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