1. Describe three different types of cash receipts that a business may record. Also identify the

While Ken appreciates that as a result of his communication-based self improvement plan he will be a better person, he knows tha

ololo11 [35]

While Ken appreciates that as a result of his communication-based self improvement plan he will be a better person, he knows that the greatest benefit will be to ______.

b. Become a more effective worker

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3 years ago

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During 2012, Robby's Camera Shop had sales revenue of $170,000, of which $75,000 was on credit. At the start of 2012, Accounts R

klio [65]

Answer:

1) December 31, 2012, bad debt write off

Dr Bad debt expense 1,700

Cr Accounts receivable 1,700

December 31, 2012

Dr Bad debt expense 1,125

Cr Allowance for doubtful accounts 1,125

2) Bad debt expense must be recorded in the income statement and it reduces net income. Both transactions reduce net accounts receivable on the balance sheet.

3) It doesn't seem to be appropriate because just one bad account (J. Doe) was higher than 1.5%. A large % of accounts receivable is still outstanding (= $27,275 / $75,000 = 36.4%) and they should include approximately four months of credit sales. This means that unless the company issues a very long credit, a much larger percent is past due.

Explanation:

net accounts receivable January 1, 2012 = $15,100

credit sales 2012 = $75,000

collections on accounts receivable $60,000

net accounts receivable December 31 = $15,100 + $75,000 - $60,000 - $1,700 - $1,125 = $27,275

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3 years ago

An example of fast tracking a project schedule would be to overlap the design and production phases for a design-to-production p

Alex17521 [72]

Answer:

True is the correct answer.

Explanation:

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4 years ago

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RT is about to loan his granddaughter Cynthia $10,000 for 1 year. RT’s TVOM, based upon his current investment earnings, is 12%,

qaws [65]

Answer:

They should not be able to successfully negotiate the terms of this loan within these parameters.

Explanation:

It has been provided that RT earns 12% on his current investments and would not like to receive an interest rate of less than 12% on the loan he gives.

if RT gives a loan of $10,000 for one year, he would charge an interest rate of minimum 12%.

Interest = $10,000*0.12

= $1,200

RT requires $1,200 in interest.

It has been provided that Cynthia earns 8% on her investment.

If she borrows $10,000 and invests the amount for one year, she can earn 8% return on such amount.

Earning = $10,000*0.08

= $800

Cynthia is going to earn $800

RT requires a minimum of $1,200 as interest for 1-year loan he gives while Cynthia can pay a maximum of $10,000 as interest for 1-year loan she takes. there is mismatch between the minimum expectation to receive of lender and the maximum expectation to pay of borrower.

Therefore, They should not be able to successfully negotiate the terms of this loan within these parameters.

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3 years ago

Planning: Assessing Audience Needs [LO-2] For each communication task that follows, write brief answers to three questions: Who

Mice21 [21]

Answer:

a. Audience’s: Appliance producer

Audience’s general mentality towards subject: The apparatus maker must treat this on need, as lawful results are related with it

Audience’s has to know: The objective that has occurred in the installment procedure and the purpose for the postponement

b. Audience’s: Smartphone shoppers and devotees

Audience’s general mentality towards subject: The customers will pay attention to the promotion on the off chance that they have a prerequisite for a cell phone. The general fans will be worried about the one of a kind highlights of the contribution

Audience’s has to know: The highlights offered and the cost at which the item will be accessible

c. Audience’s: Top administration

Audience’s general disposition towards subject: The top administration must be interested to comprehend the target behind the proposition of combining 4 deals locales into 2

Audience’s has to know: The target of the proposition and the advantages that the organization may procure from it

d. Audience’s: Citizens in the area

Audience’s general demeanor towards subject: The individuals needing such administrations will be energized with the decreased rates. The individuals not having any such prerequisite, won't give it much thought

Audience’s has to know: The rate in decrease of cost just as the rundown of administrations offered in that cost

e. Audience’s: Hiring supervisor of organization

Audience’s general mentality towards subject: The enlisting supervisor will show intrigue on the off chance that he has an opportunity for comparable profile

Audience’s has to know: The ranges of abilities and skills of the candidate and the properties, which makes him not the same as the others

f. Audience’: Accounting directors

Audience’s general demeanor towards subject: The bookkeeping supervisors will esteem the correspondence, as it is very basic for their work

Audience’ has to know: The administrations offered by the counseling firm and the value charged by them

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3 years ago