Answer:
b. customer relationships
Explanation:
Based on the information provided within the question it can be said that in this scenario Danielle is addressing the element of customer relationships. This term refers to the ways that a company or individual engages with the customers in order to improve the experience that those customers have with the company. This leads to good customer experience which creates customer loyalty and thus increases sales.
Answer:
D. Debit to Dividends Payable.
Explanation:
The first thing we have to keep in mind is that dividends are liabilities, that is, they represent cash outflows for the corporation. In the example, we can distinguish two moments: the declaration of a cash dividend and its effective distribution. Next, we will analyze them from an accounting point of view:
- On July 15, 2014, Benson Company declared a cash dividend. In accounting terms, on that day the “Retained Earnings” account was debited. Remember that this account is the one that records the profits that the company has obtained to date. So, what was done was to <em>subtract</em> that part that is to be distributed among stockholders. This amount is then transferred to a current liability account called “Dividends Payable”. In this case, money was <em>added</em>, therefore, the account was credited.
- On August 15 dividends were distributed. That day, the "Dividends Payable" account was debited, or, in other words, its money was <em>discounted</em>, because it is now in the hands of shareholders.
Answer:
Option (d) is correct.
Explanation:
Given that,
Total accounts receivable = $500,000
Credit balance of Allowance for Doubtful Accounts = $2,000
Estimates uncollectible accounts:
= 3% of accounts receivable
= 0.03 × $500,000
= $15,000
The closing balance after adjustment is the latest estimates:
= 3% of accounts receivable
= $15,000
$15,000 includes both the opening credit balance of allowance for doubtful accounts worth of $2,000 and the current year adjustment of $13,000.
Answer:
D
B
Explanation:
ceteris paribus is a Latin phrase that means all other things being equal. It means that other variables are unchanged.
For example, according to the law of demand, all other things being equal, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
For this law to hold, it is assumed that consumers tastes do not change or income do not change. If the income of a consumer changes and prices increases, the consumer would be able to buy more of a good at the higher price.
In order to isolate the effects of one particular variable in the physics experiment, she has to make sure the incline is the same angle for each trial. If the incline is different, it might affect the results of the experiment
Answer:
The correct answer is letter "C": Simple interest is calculated on principal alone; compound interest is calculated on the principal as well as the interest you’ve already earned.
Explanation:
Interest may be <em>simple </em>or <em>compounded</em>. In general, simple interest is expressed as a percentage of the principal amount of a loan. It is calculated by <em>multiplying a loan's principal amount by the interest rate and the number of payment periods</em>. Compounded interest accrues on the principal amount of a loan and the interest accrued from previous periods. To calculate it <em>multiply the principal by the interest rate plus one (1), raised to the number of compound periods minus one (1).</em>
