Ryan's Express has total credit sales for the year of $189,000 and estimates that 3% of its credit sales will be uncollectible.
Record the end-of-period adjusting entry on December 31, in general journal form, for the estimated bad debt expense. Assume the following independent conditions existed prior to the adjustment: a. Allowance for Doubtful Accounts has a credit balance of $925.
b. Allowance for Doubtful Accounts has a debit balance of $385.
Viral marketing is the Internet version of word-of-mouth marketing.
Explanation:
Viral Marketing is a term that can be best understood by considering the way a virus spreads continuously from one person to another and then to others.
Viral Marketing entails the <em>use of social media and other digital platforms or the internet to spread information.</em><em> </em>
It involves people coming in contact with an organization's marketing message and then sharing it with others who also share it with other people till it "goes viral".
The broker loan rate is also refered to the call loan rate and it is the interest rate that is charged from the banks to broker-dealers on loans where securities are collateral.
It should be noted that the iterest rates that are given on broker loan rates are just a little above the short term interest rates.
Total planned real
expenditures measured along the aggregate demand curve are made up of consumption spending, investment spending,
government spending, and net export spending.
To add, components
of aggregate expenditure are defined as
the total amount that firms and households plan to spend on goods and services
at each level of income.
