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galben [10]
2 years ago
13

An aging of a company's accounts receivable indicates that $4,000 are estimated to be uncollectible. If Allowance for Doubtful A

ccounts has a $1,200 credit balance, the adjustment to record bad debts for the period will require a
Business
1 answer:
german2 years ago
8 0

Answer:the adjustment to record bad debts for the period will require a debit of $3,800 on  Bad Debts Expense account and  a credit of $3,800  on Accounts Receivable account.

Explanation:

Account receivables = $4,000 uncollectible

Allowance for Doubtful Accounts =$1,200 credit balance

Adjustment to record bad debts =Account receivables-$1,200 credit balance

= $4,000 - $1,200

=$3,800

The  adjustment journal entry to record the bad debts for the period will require

Accounts                               Debit                 Credit

Bad debt expense              $3,800

Accounts receivables                                       $3,800  

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Julie is focused on the control managerial function when she measures performance and corrects as necessary. There are five types of management functions and they are planning, organizing, directing, coordinating and control. In the control stage it allows managers to determine how much or how little control over the organization and their employees they wish to have.

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3 years ago
If a firm in a monopolistically competitive market lowers price, then Use letters in alphabetical order to select options
Valentin [98]

Answer: quantity demanded for the good will increase (D)

Explanation:

Monopolistic competition is an imperfect competition where there are many producers that sell products that are differentiated from each another e.g through quality or branding.

In a monopolistic competitive market, firms maximizes profits when marginal revenue equals to the marginal cost. The demand curve of a monopolistic competitive market is downward sloping which means that as price reduces, the quantity demanded for the good will increase.

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2 years ago
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Which of the following is false?
yanalaym [24]

Answer:

A.

Explanation:

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To counter the influence of Mattel's Barbie and Ken dolls on Iranian values, Iran's ministry of educations marketed its own Dara and Sara dolls. Also, one toy seller explained that playing with Mattel's golden-haired, skimpily dressed Barbie may lead girls to grow up into women who reject Iranian values.

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customer satisfaction; earn long-term profits; increased shareholder value

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She has decided to use some of her profits to open a furniture store specializing in furniture made from sustainably sourced woo
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This is an example of market development growth.

<h3>What is market development?</h3>
  • Market segmentation for existing products is identified and developed as part of a growth plan.
  • A development plan focuses on non-buying clients in the segments that are already targeted.
  • Additionally, it aims to reach fresh markets of clients.
<h3>What is custom?</h3>
  • A custom is a long-standing behavior of an individual or group (such as a daily routine) (such as a cultural practice).
  • When used as an adjective, custom designates something created to specific requirements, especially something distinctive.
  • Custom-made is a synonym for it.
<h3>What is market penetration?</h3>
  • When a product or service is successfully sold in a particular market, this is referred to as market penetration.
  • The sales volume of an existing good or service in relation to the overall target market for that good or service is used to measure it.
<h3>What is product development?</h3>
  • New product development in business and engineering refers to the entire process of launching a brand-new product, updating an already-available product, or launching a product in a new market.
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<h3>What is diversification?</h3>
  • Diversification in finance refers to the process of allocating capital in a way that limits exposure to any one specific asset or risk.
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Therefore, this is an example of market development growth.

Know more about markets here:

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