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spin [16.1K]
2 years ago
11

When an account previously written off is collected in full, which is required to ensure the accounting for the complete payment

history of the customer?.
Business
1 answer:
Lyrx [107]2 years ago
4 0

When a bad debt is written off, the thing that should be fine is an entry to reinstate the account receivable and and entry to record payment.

<h3>What is a bad debt?</h3>

A bad debt simply means an uncollectible account expense that's unlikely to be paid by a debtor.

When an account previously written off is collected in full, to ensure the accounting for the complete payment history of the customer, it's important to reinstate the account receivable and and entry to record payment.

Learn more about bad debt on:

brainly.com/question/24871617

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A company that manufactures a device that is heavily regulated by the government and has to undergo a rigorous pre-market approv
Vikki [24]

Answer:

preemption

Explanation:

Preemption -

It refers to the process of getting some prior claim , is referred to as preemption .

It is basically some rights which a company takes before any other company getting it .

Some pre approved process is known as preemption , these claims are required to be taken .

Hence , from the given scenario of the question ,

The correct answer is preemption.

7 0
3 years ago
Ue or false: increasing the number of stocks in a portfolio reduces market risk.
Triss [41]
False. It does not reduce market risk.
7 0
3 years ago
Negative externalities that arise from the production of a gooda. cause an increase in the demand for the goodb. cause a decreas
Dennis_Churaev [7]

Answer:

The correct answer is option c.

Explanation:

Externalities refers to the situation in which costs or benefits arising from the activities of someone are incurred or  received by the some other third party.

Externalities can be classified into two types, namely, positive and negative.

In case of negative externalities the cost arising from the activities of some person are incurred by a third party.

Negative externalities lead to market failure.

6 0
2 years ago
Starbucks – a matter of ethics!
Sergeeva-Olga [200]

Yes , Johnson was known to have openly acknowledge that his decision was based in ethics and morality as he talked about Starbucks policy that is made to help keep the third place environment in line with their mission.

<h3> Did his apology and actions promote awareness of an ethical issue? </h3>

Yes, Johnson’s apology is one that calls for awareness regarding the issue as he did apologized to the two men who were involved in the case and also carried on some changes to prevent such scenarios from ever occurring again.

<h3> Did it create a positive or negative difference in the communities Starbucks serves? </h3>

The new policy did make a positive atmosphere in the community as it created a free society where people can study,  work and also socialize while option to buying coffee or food.

<h3>Did it make a positive or negative difference for Starbucks employees and customers?</h3>

Yes, it also created a positive difference for Starbucks customers and employees as it portrays a friendly, safe, and welcoming environment set up already for consumers and a place where people can take a nap without any having any set backs. Employees were also given "unconscious bias training" that will be beneficial for the company.

<h3>Did his apology and actions promote awareness of an ethical issue? </h3>

In the issue with Starbucks, Johnson made an apology and the actions is one that boast awareness in regards to ethical issue. In the apology made by him, one can say yes, it formed a positive or negative difference in the communities where Starbucks is.

<h3>Does Johnson explicitly accept responsibility for the incident</h3>

Yes, Johnson explicitly took responsibility for the incident and he also apologizing and told the newsmen that the video was "hard to watch" since the treatment of the black men was unfair and should not have occurred in that way.

<h3> Does he identify ways to collaborate with others when necessary?</h3>

He did identify ways to work collaborate with others when necessary as he meant with the two men involved in the case and also organize a training for his employees.

<h3>Does he show he understands what his role is in fixing this problem?</h3>

Yes he does this is because he made every effort to deflate the issue and also prevent it from every occurring again.

<h3>Did Johnson’s apology and follow-up actions uphold Starbucks’ mission and core values? </h3>

Johnson’s apology and follow-up actions is one that uphold Starbucks’ mission and core values as he did investigate what happened and implement the right thing to do in such situation.  

<h3>Did Johnson clarify his values and the company’s values in his apology and with his subsequent actions?</h3>

In course of issuing his apology, Johnson did clarify his values and the values of the company as he made effort for the training of the staff again and going to Philadelphia to speak to the two men who were involved in a dialogue.

<h3>Did he identify gaps between stated and actual values?</h3>

Yes he did he identify gaps between stated and actual values as he talks about what the company stands for and others.

He finds the gaps between stated and actual values and his apology did help Starbucks employees figure out if their personal values align with the company’s as they were said yo be given training again.

<h3>If you were the CEO of Starbucks, what would you do after such an incident?</h3>

If I am the CEO,  I will makes sure to take the right steps immediately as Johnson delayed a little bit and as such people protested. I will keep the people up to date with information regarding how the issue is been handled.

Learn more about Ethical Conduct from

brainly.com/question/13383200

#SPJ1

7 0
2 years ago
The following information is available for Montrose Company at December 31: Cash in bank account $ 8,540 Petty cash $ 250 Short-
ANEK [815]

Answer:

Cash $10,430 ; Cash equivalents $20,400

Explanation.

Cash consist of all currencies in hand or any convertible asset which can be converted to cash immediately.

It is to be noted that the assets with high liquidity will be included in cash and cash equivalent balance. They can quickly be converted to cash and would normally have 90 or lesser days to mature.

Solution.

$

Cash in bank. 8,540

Petty cash. 250

Check from customer. 1,350

Money order. 290

Cash. 10,430

The check has a very short maturity period since it will clear within 3-4 working days.

Money order can be cashed immediately .

Therefore;

Cash value is $10,430

For cash equivalent,

Cash equivalent = Money market fund balance + Treasury bills maturing in 60days

Cash equivalents = $10,400 + $10,000

=$20,400.

The amounts considered as cash and cash equivalents as of 31 December are ;

Cash $10,430 , $20,400 respectively.

8 0
3 years ago
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