$30‚000 Gross profit‚ $490‚000 Accounts receivable‚ $110‚000 Sales discounts‚ $14‚000 Allowance for doubtful accounts credit balance‚ $1‚200 How much is bad debt expense assuming that 5% of accounts receivable is estimated to be uncollectible? A. $5‚500 B. $6‚700 C. $4‚240 D. $4‚300 Answer: Bad debt expense ($4‚300) = 5% of accounts of accounts receivable (5% $110‚000) - allowance for doubtful accounts credit balance ($1‚200). 3) Which of the following journal entries correctly
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S5 Manufacturing Account/LWL Manufacturing Accounts ( A. ) Function of a Manufacturing Acccount For those businesses which deal with manufacturing products. It is common in today’s business to act both as manufacturer ( ) and retailer ( ). e.g Crocodile‚ Bossini‚ G2000‚ U2. What is the advantage as being a manufacturer as well as a retailer? Division of Costs The purpose of a Manufacturing Account is to ascertain Cost of Production ( ). B. Cost of Production = Prime Cost + Factory
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F0KA 34 Health Care: Practice Experience Reflective account 4 Candidate Name: Word count- 801 Related learning Outcome: Learning Outcome 1‚ Knowledge and Skills – 1.b recognising and acknowledge limitations of own abilities 2.a committing to the principle that the primary purpose of the professional health care practitioner is to protect and serve society 2.b accepting responsibility for one’s own actions 3.a demonstrating respect for patient/client confidentiality 4.b demonstrating
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6 December 2013 Aristotle’s account of the Cardio Vascular system Aristotle’s description of phenomena in the living world‚ in particular animal anatomy and the causes of natural processes in the body‚ were far more advanced than that of his predecessors. His value of empirical research aided and ultimately enabled him to study a variety of natural phenomena. In this paper‚ I will focus on Aristotle’s account of the anatomy of the heart and its relation with a network of other organs (modernly
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Accounts Receivable Management Accounts receivable are amounts owed by customers on account. They result from the sale of goods and services. They are generally expected to be collected within thirty to sixty days and are the most significant type of claim held by a company. There are two costs associated with extending credit to customers: 1. The cost of the selling company not being able to deposit the monetary value of a completed sale in its bank that is‚ as a result of not collecting cash
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Which of the following is the most important to you when choosing a living place? (1) living in a place that is not expensive; (2) living close to relatives; (3) living in an area with many shops and restaurants 368 There are many factors you have to consider when you choose a living place. Which is the most important for you: rent‚ closing to relatives or a location with a lot shops and restaurants? To my perspective‚ convenience is the priority when pickingI pick up a place to live. First‚ living
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I Wore a Mask‚ and My Face Grew to Fit it Growing up‚ I wasn’t exactly accepted by a lot of people or anyone at all for that matter. I would sit every day in class minding my own and listening to the teachers. I did what was told and simply followed the rules like one is supposed to. At lunch‚ I would sit alone and enjoy the lunch that I packed myself. Once practice came around I would do what coach said and tried to work with my teammates as much as possible. I seemed to be invisible to everyone
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What was the Kanthal president‚ Ridderstrale‚ attempting to accomplish with the Account Management System? Are these sensible goals? Why or why not? The motivation for Carl-Erik Ridderstrale‚ president of Kanthal‚ to develop an Account Management System was to find a process of determining the profitability of individual customer orders. An accurate account measurement system was needed in order to achieve a strategy for increasing growth and profitability without adding a significant amount of sales
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efox Account Plan Account: ANZ Operations and Technology Pvt Ltd Total WSP Revenue: $40‚000 Total CDSP Revenue: $0 Sales Professional: Amit D Bhattacharya 29/11/2010 Page 1 of 12 efox by Holden International www.holdenintl.com efox Account Plan Corporate Goals & Initiatives Corporate Goals: undefined Corporate Initiatives: undefined 29/11/2010 ANZ Operations and Technology Pvt Ltd Page 2 of 12 efox by Holden International www.holdenintl.com efox Winning Sales Plan Account: ANZ
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Definition: A current account deficit is when a country’s government‚ businesses and individuals import more goods‚ services and capital than they export. That’s because the current account measures trade‚ as well as international income‚ direct transfers of capital‚ and investment income made on assets‚ according to the Bureau of Economic Analysis. When those within the country rely on foreigners for the capital to invest and spend‚ that creates a current account deficit. Depending on why the
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