Answer:
a. Stockholders' equity as of December 31, 20Y2
Assets = Equity + Liabilities
395,000 = Equity + 97,000
Equity = 395,000 - 97,000
= $298,000
b. Stockholders' equity as of December 31, 20Y3.
Assets = Equity + Liabilities
(395,000 - 65,000) = Equity + (97,000 + 36,000)
330,000 = Equity + 133,000
Equity = 330,000 - 133,000
= $197,000
Bad debt expense is an operating expense. An increase in operating expenses decreases income from operations.
When a receivable is no longer collectible as a result of a customer's inability to pay an outstanding debt due to bankruptcy or other financial issues, a bad debt expense is recorded. Companies that offer credit to their customers record bad debts as an allowance for doubtful accounts, also referred to as a provision for credit losses, on their balance sheet.
The basic idea behind bad debt expense is the same as that behind all accounting principles: it enables businesses to completely and accurately report their financial position. Almost every business will encounter a customer who is unable to pay at some point, and they will need to record a bad debt expense.
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Answer:
Explanation:
A tool for organizing important information about the competition.
competitive matrix
Those most likely to buy your products and services
target customers
The distribution channel through which your product or service flows from the producer to the customer. value chain
A distinct aspect, quality, or characteristic of a product or service
feature
Something that promotes or enhances the value of the proctor service to the customer. benefit
A group of businesses with a common interest, such as financial services, computers, retail, or groceries. industry
End-users of the service. Beneficiaries
Working model of a new product. Describes how you intend to create and
capture value with your business concept. prototype
Answer:
A) experience rating.
Explanation:
In Insurance, An experience rating is a rating method used by the insurance company to calculate workers' compensation insurance and to determine the amount of loss that an insured party experiences compared to the amount of loss that similar insured parties experienced.
EFG Company's managers could use it to calculate their experience modification factor i.e premiums up or down.
The Well-conceived policies and operating procedures facilitate good strategy execution by:
- They provide top-down guidance regarding how things need to be done.
- They help ensure consistency in how execution-critical activities are performed
- They promote the creation of a work climate that facilitates good strategy execution.
<h3>What is the use of
Well-conceived policies?</h3>
This refers to those policies that are well thought to achieve the aim and objectives of a long term goal of a firm
Hence, in a typical firm, these policies and procedures provide top-down guidance regarding how things need to be done, ensure consistency in how execution-critical activities are performed and promote the creation of a work climate that facilitates good strategy execution.
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