Answer: d. Taking the difference between the unadjusted balance in the allowance account and the desired balance of the allowance account.
Explanation: Bad debt expense is an unfortunate cost of doing business with customers on credit and recognizing bad debts leads to an offsetting reduction to accounts receivable on the balance sheet.
The balance-sheet approach for estimating bad debts expresses uncollectible accounts as a percentage of accounts receivable. That is, it takes the difference between the current balance of allowance for doubtful accounts and the amount calculated.
Therefore, if a company uses the balance sheet approach to estimate bad debt expense, bad debt expense for a period can be determined by taking the difference between the unadjusted balance in the allowance account and the desired balance of the allowance account.
Answer:
$29,400; $29,400 and $18,400
Explanation:
Value of parcel of land = $69,800 with a basis = $58,800
Harry's basis is equal to cash contributed which is $29,400
Hermione's basis is equal to cash contributed which is $29,400
Ron's basis = Basis of parcel of land - Mortgage value
= $58,800 - $40,400
= $18,400
Answer:
(E). local and national norms
Explanation:
Employee Involvement and Participation (EIP) programs are put in place by organizations to encourage inclusiveness and foster collaboration among employees in the organization.
Although such programs are valuable to the organization, the "local and national norms" or cultures, within which the organization operates, must be taken into consideration by the organization, when structuring its involvement program practices.
Answer:
<u>Business ethics.</u>
Explanation:
Business ethics is the set of ethical and moral principles that exist in an organization to regulate its activities, actions and decisions that occur in the organization. The set of ethical values is directly determined by the organizational culture, and should be shared with all employees and organizational levels, as it is the business conduct of the company.
When well-established, corporate ethics ensure and motivate positive behavior, enhance a company's reputation and ensure its safety in the marketplace.
