As a manager, you are being charged with reducing cost in a satellite laboratory; the physical environment of the workplace is a component of in Planning this case.
<h3>What is the planning in management?</h3>
Planning in management is about what steps you need to take to reach the goal, what changes and hurdles to anticipate, and how to utilise human resources and opportunities to reach the expected outcome.
<h3>Why is planning is important?</h3>
Planning helps us see in advance those things that can help us achieve our goal and those things that can prevent us from achieving our goal and work out what to do about them. Planning helps us to be accountable for what we do.
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Answer:
$550,000
Explanation:
Data provided in the question
Issued amount = $550,000
Time period = 10 years
Stated interest rate = 12%
Market interest rate = 12%
Based on above information, as we can see that the stated interest rate is equal to market interest rate i.e 12% which reflects that it issued at par i.e face value
So in this case, the amount received at issuance is equal to the issued amount i.e $550,000
Answer:
Debit Bad debt expense $15,120
Credit Allowance for doubtful debt $15,120
Being entries to record estimated bad debts
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.
Account receivables balance as at year end
= $257,000 - $131,000
= $126,000
Allowance for doubtful debt = 12% * $126,000
= $15,120
Tickets are things you use to go into theme parks
The term for goods that your business ships to another country is known as <u>Exports</u>.
Export/ Exporting:
- The process by which companies from one country sell their goods and services to companies or consumers in a different country is known as Exporting.
- The exports, along with imports, make up international trade.
- They are incredibly important to modern economies as they offer people and firms many more markets for their goods.
- Exporting into foreign markets can reduce per-unit costs by expanding operations to meet increased demand.
- Also, the companies that export into foreign markets gain new knowledge and experience that may allow the discovery of new technologies, marketing practices, and insights into foreign competitors.
