Answer: See explanation
Explanation:
From the question, we are given the information that on December 12, the company receives a $540 check from Chad Thomas in settlement of Thomas's $1,280 outstanding accounts receivable, then the journal entry based on the above will be:
December 12:
Debit Cash $540
Debit Allowance for doubtful account $740
Credit Account receivable $1280
Note that the allowance for doubtful account was calculated as:
= Account receivable - Cash
= $1280 - $540
= $740
Distinct possibilities, where there are two, three, or maybe four potential future alternatives, represent the second state of ambiguity. And you may make a contingency plan depending on which of those four possibilities might occur in a circumstance where there are distinct possibilities.
How do you make decisions in ambiguous situations?
Embrace a variety of viewpoints. Include intellectuals who hold opinions that differ from your own. You'll gain an understanding of the decision's potential outcomes, what other factors need to be taken into account, and what crucial information is lacking. Decentralize decision-making to the individuals who are most familiar with the "issue."
What is a good contingency plan?
Any circumstance that might interfere with operations should be covered in a comprehensive contingency plan. To include in the plan, take into account the following areas: storms, fires, and earthquakes are examples of natural catastrophes. crises including endangerment to staff or clients, injuries sustained on the job, and mishaps at the workplace.
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Answer:
The government function selected is protection and regulation of the enviroment.
This government function is mainly carried out by the Enviromental Protection Agency (EPA).
Over the past fifteen years, the EPA annual budget has averaged at around 8 billion dollars. In this time frame, it had its highest budget in 2010, with over 10 billion dollars.
The EPA essentially deals with market failures. Externalities like pollution or over exploitation of natural resources (tragedy of the commons) are some of the most commonly issues that the EPA has to solve.
Explanation:
Here are some general guidelines for composing a message,
- Be polite
- Write in simple and understandable terms
- Ensure whether the intention of the mail is written clearly in the "subject" line
- Elaborate the purpose of writing the mail and the content is reader-friendly or receiver-friendly
- Avoid using harsh words
- Check for spellings and grammar
- Check whether attachments are included before sending the mail
- Check for "CC: carbon copy" which needs to be included
