Answer:
Since the debt has already been provided for by Debiting bad debt expense $42,400 and Crediting Allowance for doubtful debt $42,400, the entries required to write off the debt from Ramirez Company of $6,330 will be
Debit Allowance for doubtful debt $6,330
Credit Accounts receivable $6,330
Being entries to writeoff debt due Ramirez Company of $6,330
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Where a debit that had previously been determined to have gone bad gets settled, debit cash and credit bad debt expense.
Answer:
cradle to cladle
Explanation:
The analysis of the life cycle of an item starting with its raw materials and ending with the used item becoming the raw material for new products is called cradle to cradle
Considering these activities, the product is most likely in the development stage of the new-product development process.
Explanation:
The method of introducing an original manufacturer concept into the market is new product creation.
The first element of the product life cycle is the product development phase. This phase not only involves the construction of the product, it also contains research and testing.
At the stage of development of the product life cycle, you must guarantee that your proposal follows the following:
- Consumer expectations range
- Requirements of architecture, capital and development
- The approach in your business plan is illustrated
Answer:
Option A => A. $7,106 in the Discount on Bonds Payable account.
Explanation:
So, from the question we are given the following parameters or data or information:
''Frog Brand issues a $100,000 10 year bond with a stated interest rate of 6% while the market interest rate is 7% on January 1, 2020. On January 1, 2020 Frog Brand receives cash for the issue price of $92,894 for the bond''
Hence, the discount on issue of bond can be calculated by using the formula below;
(Issued Bond) - ( the received cash on issue).
= $ 100,000 - $92,894 = $7,106.
Therefore, Frog Brand will have a balance of $7,106 in the Discount on Bonds Payable account.
Answer: planned change
Explanation: In simple words, planned change refers to the process under which a new organisation is prepared or significant changes to the existing one is made.
In the given case , the paper company is going to change the way of its business by using the web site in their sales. This is a big change for them.
Hence we can conclude that it is a planned change.
