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dangina [55]
1 year ago
5

ABC company had 8,000 in accounts receivable on Dec. 31, 2019. However, the company estimated that 2,000 of them would become ba

d debt. The company recorded the 2,000 as bad debt. What is the impact on the financial statement?
Business
1 answer:
Sonbull [250]1 year ago
5 0

Answer:

Net income is reduced by 2,000 and the net value of receivables on balance sheet reduced by 2,000

Explanation:

Since it is given that there is $8,000 in account receivable out of which $2,000 would be estimated and recorded as a bad debt

So here the bad debt expense is recorded that means the expenses are increased that ultimately reduced the net income also at the same time the amount of receivable would also decreased by $2,000

Therefore the same is to be considered

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Mr. Crane is the manager of a video production company. To maximize efficiency, he assigns associates to departments (e.g. film
frez [133]

Answer:

Mr. Crane must first draw the interests and abilities of the companions. Some of them might be logically very good and obsessive in some parts (film division, editing division, sound division, etc.) but they might be assign to some other division. This will enhance in their low level of satisfaction and motivation. This will also assist Mr. Crane in conveying the divisions as per comforts of the associate as possible.

Explanation:

Mr. Crane must achieve an unidentified Response Survey between staffs so that their disquiets and problems can be carried out. Some individuals might not give this response openly.

Mr. Crane must also look at some of the work structures which are very serious for employee’s job satisfaction:

  • Operational time (Are Associates working long hours?)
  • Pay and compensation (Are they paid less than market rates?)
  • Training and learning opportunities
  • Traditional and sport actions to keep staffs involved
  • Inspiration from leaders

Mr. Crane must find out the points through above methods and effort to discourse them so that staffs feel pleased and motivated. He can also initiate Rewards & Recognition program to escalate good workers. This will also improve their motivation.

8 0
2 years ago
After extensive customer research and segmentation, an artist sketchpad company decided it would offer low-priced pads for artis
natulia [17]

Answer:

The correct answer is: How this new decision would impact in the consumers?

Explanation:

To begin with, due to the fact that the company first offer a low price to its costumers and then eventually tend to charge a different price by offering something completely different then the consumers will find that situation pretty unpleasent due to the fact that first they had something better and that is the main reason why the sales for the sketchpad plummeted after making that new decision. Therefore that the company's employees may have asked themself before the question of how the new price would impact in the consumers eventually.

5 0
2 years ago
______ is the ability to change and be flexible as problems arise and priorities shift.
Tomtit [17]

Answer:

Adaptability is the answer

4 0
2 years ago
​lilly's, a furniture​ retailer, sells​ low-end furniture and accent pieces that are targeted toward​ lower-income consumer grou
ElenaW [278]
<span>Study online flashcards and notes for Marketing including According to the 5 step model of the marketing process, the first step in ... Lilly's, a furniture retailer, sells low-end furniture and accent pieces that are targeted toward lower-income consumer groups. Lilly's most likely segments the consumer market based on.demographic The evaluation of marketing concept from mere selling concept to consumer- .... Many individuals or group involvement is seen in decision making process. ... together with the consumer self- image, values and needs, the more likely the .... There are four prominent models of consumer behaviour based on involvement.</span>
6 0
2 years ago
The accountant for Watson Electrical Repair, Inc. failed to make an adjusting entry to record $5,000 of unpaid salaries for the
Mila [183]

Answer:

B. The total expenses will be understated

Explanation:

The adjusting entry is as follows

Wages expense $5,000

        To Wages payable $5,000

(Being the wages expense is adjusted)

The wages expense should be debited as it increased the expenses while at the same time the wages payable should be credited as it also increased the liabilities account

Since this above adjusting entry of unpaid salaries for $5,000 is failed to recorded due to which the total expenses will be understated instead of overstated

Hence, the correct option is B.

7 0
2 years ago
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