Answer:
The answer is C.
Explanation:
Credit sales is $6,000
Bad debt is 3% of net credit sales which is $180($6,000 x3%)
Creating allowance for doubtful debt entry is one of the prudent method and it tells us that some customers won't pay part of what they are owing. And it is also a contra account that offset bad debt.
According to the accounting rule, debit increases asset and expenses and vice-versa while credit decreases liability, equity, income and vice versa.
So we have have:
Dr Bad debt expense $180
Cr Allowance for Doubtful Accounts $180
Hey there,
Personally, I think that this would be True, because being registered would be highly important for corporations.
~Jurgen
Nipennie and Mirasa, two developing countries, bartered cotton for jute rather than for currency. In this scenario, the two countries engaged in counter-trade.
Explanation:
Counter-trade is an internal mode of trade through which products and services are traded instead of hard currency for any other products or services. For developing nations with restricted exchange or credit services, this form of global trade is more prevalent.
Counter-trade can be divided into 3 main categories: trade, counter purchase and reimbursement.
The earliest counter-trade practice is bartering. An important advantage of counter trade is that it makes foreign exchange savings simpler. Complex agreements, increased costs and logistic problems are rising drawbacks of counter trade.
Answer:
Explanation:
The file attached shows the full question
The picture attached shows the solution to the problem
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Answer:
The most significant viewpoint to be viewed as when entering another market is the neighborhood language. I will contract the nearby ability who can help me in understanding the neighborhood business condition. I will likewise procure the global ability alongside them and urge them to grasp the way of life of Brazil. I will give a tolerable compensation to the representatives of the organization and ensure that they have a decent living. I will offer significance to the social obligation and make a positive effect on the general public. This will make the business closer to the individuals and they will begin confiding in us. I will contemplate the lawful arrangement of the nation and distinguish what is required to run the organization is the lawful way. I will set up a legitimate group that is fit for taking care of any conceivable lawful issue presently and furthermore later on. Brazil is creating nation so the monetary circumstance is picking up strength in the nation. Individuals have a superior spending capacity now and they need a superior way of life. I will utilize this condition and offer advantages to the representatives that can permit them to be content with a decent work-life balance. I will likewise make enough business openings that can get the consideration of the ideological groups also. The administrations consistently move in the direction of making work for the individuals and our business will do that. However, I will ensure that we don't depend much on the political situation of the organization. That can put us under a great deal of weight and the organization should be sufficiently steady to work continually in any event, when the political circumstance gets shaky. So the principles and guidelines in the nation ought to be appropriately followed and gain the trust of the clients at the earliest opportunity so as to set up a solid toehold in the nation.
