Answer:
$33,400
Explanation:
Given that,
Accounts Receivable = $1,130,000
Allowances for Doubtful Accounts = $23,100
Estimated bad debts:
= 5% of outstanding receivables
= 0.05 × $1,130,000
= $56,500
We simply deduct the allowance for doubtful accounts balance from the estimated bad debts to record the amount of bad debt expense.
Amount of bad debt expense will the company record:
= Estimated bad debts - Allowances for Doubtful Accounts
= $56,500 - $23,100
= $33,400
Answer:
Failing to match the communication medium (or channel) with the intended outcome.
Explanation:
Communication can be defined as the process of sending information. It involves sending of clear and concise messages from one person to another or from one group to another, messages could be represented in the form of signs or symbols.
Communication medium can be described as a means of transmitting information to the receiver. Some communication channels include:
1) Through the use of documents passed by series of reports and presentation.
2) Through the use of messages passed by emails and letters.
3) Through the use of images passed by graphical representation.
In the scenario above, Mike failed to use the right communication channel to inform the employees about their new benefit offering.
Answer:
Explanation:
The aggregate supply curve shifts to the left as the price of key inputs rise, making a combination of lower output, higher unemployment, and higher inflation possible. When an economy experiences stagnant growth and high inflation at the same time it is referred to as stagflation.
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