Answers
Technology can certainly be a barrier to communication in several ways. Firstly, people can rely too much on technology to communicate, which can lead to a lack of personal interaction and human touch.
For example, texting or emailing can be convenient, but they lack the emotional nuances and facial expressions that are essential for effective communication. Therefore, people can misunderstand the message or tone of the message and lead to communication breakdowns.
Secondly, technological devices can malfunction or have connectivity issues, which can delay or disrupt communication. For instance, a poor internet connection or a device that crashes can prevent people from exchanging important information, leading to frustration and even delays in decision-making. Additionally, some people might not have access to technology, which can further create barriers to communication.
Lastly, technology can create language barriers for people who do not speak the same language or have difficulty understanding technical jargon. This can lead to confusion, miscommunication, and even discrimination in some cases.
Overall, while technology has many benefits, it can also be a barrier to communication if used inappropriately or without consideration of its limitations. Therefore, it is important to find a balance between technology and personal interaction, depending on the context and purpose of the communication.
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Related Questions
what is stock market value
Answers
The market value of stock is the price at which a share of stock trades in the public market. Stocks can be traded on a stock exchange, such as the New York Stock Exchange, or over the counter through a network of dealers. The market value of stock measures the collective expectations of investors about a company’s future performance and is watched closely by investors, analysts and companies.
A company purchased 10 units for $5 on January 3. It purchased 10 units for $7 each on February 28. It sold 10 units on March 1. If the company uses the last in, first out (LIFO) inventory costing method, what is the dollar amount for ending inventory on the December 31 balance sheet, assuming that the company uses a perpetual inventory system
Answers
Answer:
The dollar amount for ending inventory using the last-in-first-out method of inventory valuation is $50
Explanation:
Using LIFO,last-in-first-out method of inventory valuation,items received last into the store are deemed to be sold first, hence the sales of 10 units on March 1 was the inventory purchased on February 28, leaving the items of inventory purchased on January 3 as closing inventory
value of closing inventory using LIFO=10*$5=$50
Given the following Balance of Payment data for a given country: Current Account Balance: $1,400 Capital Account Balance: $80. What must be the Financial Account Balance: $nothing. (Enter your answer as an integer. Include the minus sign if necessary.)
Answers
Answer:
$1,320
Explanation:. Calculation to determine what must be the Financial Account Balance
Using this formula
Financial Account Balance=Current Account Balance-Capital Account Balance
Let plug in the formula
Financial Account Balance=$1,400-$80
Financial Account Balance=$1,320
Therefore the Financial Account Balance is $1,320
Which government tax incentive retirement account allows a person to contribute after-tax earnings?
a. Contribution matching
b. Roth IRA
c. Traditional IRA
d. 529 plan
Answers
Answer:
B.
Explanation:
If you look this question up on your main search engine, it should give you this answer. Let me know if it's wrong.
The tax incentive being provided by government to eligible taxpayers at the time of retirement that allows an individual for contributing after tax income is the Traditional IRA.
Option C is correct.
What is the after tax-income?After tax income is the amount being earned by individual after paying off the taxes on the basis of their filing status. It is determined by deducting tax expense from the amount of gross income.
Traditional IRA is one of the retirement account that permits a person for making contributions of gross revenues or after-tax revenues for investment. If the amount invested is complied with the rules as framed by tax authorities, then it can be considered for tax deductions. This leads to lowering of tax liability to some extent.
Therefore, the traditional IRA is the tax incentive allowing an individual on after tax income.
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what is the community guidelines for Brainly?
Answers
Answer:
No bulling, no copying from websites, keep personal info private, and you have to be honest
If you wanan know more look up "bra.inly comm.unity gu.idelin.es"
Explanation:
Hope this helped!! :) (ignore the periods)
а.
When organizing your business writing, you want to make sure that
Your name is at the top right corner
b. The main idea is at the very beginning
C Each sentence contains many ideas
d Each point has some fluff to make it longer
Answers
Answer:
B
Explanation:
You dont want to do the other things, as those are unprofessional
When organizing your business writing, you want to make sure that the main idea is at the very beginning. The appropriate response is option B.
What makes an effective business writing?Writing that is employed in a professional environment is known as business writing. It is an intentional piece of writing that effectively, succinctly, and clearly delivers pertinent information to the reader. Client proposals, reports, notes, emails, and notifications are all included.
Companies utilize business writing as a communication tool to reach both their internal and outside audiences. Emails, memoranda, letters, reports, and promotional materials are all included.
Effective business writing is characterized by clarity of concept, conciseness, proper syntax and sentence structure, and simple language.
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When the general level of prices rises, the economy is experiencing ____.
Answers
Nancy Patel is doing research before opening a store specializing in traditional Indian clothing in order to locate her target market she should study A business values B fashion trends C demographics D overall buying behaviors
Answers
Before starting a shop that specializes in traditional Indian apparel, Nancy Patel is conducting research. must research demographics in order to find her target market.
Define demography.Demography is a statistical field that examines human demographics. Population size, composition, and mobility are all factors that are studied in demography as they relate to time and space. It applies methods from many academic fields, including sociology, anthropology, and economics. Demography is a tool that governments and businesses can use to analyze and predict population-related economic, cultural, and economic phenomena.
The earliest renowned demographers, such John Graunt of a United Kingdom, didn't emerge until the 16th century, while basic demographic studies, such as censuses, were conducted as far back as 6,000 decades ago in the ancient world. The early statistical research's main focus was mortality
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Click this link to view O-NET's Work Styles section for Registered Nurses. Note that common work styles are listed
toward the top and less common work styles are listed toward the bottom. According to O*NET, what are common
work styles needed by Registered Nurses? Check all that apply.
dependability
artistry
prevention
integrity
concern for others
stress tolerance
Answers
Answer:
dependability
integrity
concern for others
stress tolerance
Explanation:
there u go
O-NET's Work Styles common work styles needed by Registered Nurses are the dependability, integrity, concern for others, and stress tolerance. Thus, option (a), (d), (e) and (f) is correct.
What is O-NET's Work Styles?The term O-NET's Work Styles refers to the work perform on the working place. It was the included the achievement efforts, initiative, persistence, detail-oriented and supportive. It was the every business are the follow the O-NET's Work Styles of the work as completing the project.
O-NET's Work Styles common work styles was the required on the Registered Nurses. It was the common work style was the included such as dependability, concern for others, stress tolerance, and the integrity. It was also included that the detail-oriented and the idea-oriented.
As a result, the conclusion of the O-NET's Work Style's common work styles are the aforementioned. Therefore, option (a), (d), (e) and (f) is correct.
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Fill in the "description" column for the below table by mentioning if it is elastic, inelastic or unit
elastic.
Price
$2.0
$3.0
$4.0
$5.0
$6.0
$7.0
$8.0
$9.0
Quantity
20
18
16
14
12
10
8
6
Total Revenue
(Price x
Quantity)
$40
$54
$64
$70
$72
$70
$64
$54
Slope Point Elasticity Description
-2.00
$0.10
-0.20
-2.00 $0.17
-0.33
-2.00
$0.25
-0.50
-2.00
$0.36
-0.71
-2.00
$0.50
-1.00
-2.00 $0.70
-1.40
-2.00
$1.00
-2.00
-2.00
$1.50
-3.00
Answers
Answer:
Explanation:
Price Quantity Total Revenue Description
$2.0 20 $40 Elastic
$3.0 18 $54 Elastic
$4.0 16 $64 Elastic
$5.0 14 $70 Unit Elastic
$6.0 12 $72 Inelastic
$7.0 10 $70 Inelastic
$8.0 8 $64 Inelastic
$9.0 6 $54 Inelastic
The description for each value is as follows:
-2.00: Elastic
-0.20: Inelastic
-0.33: Inelastic
-0.50: Inelastic
-0.71: Inelastic
-1.00: Elastic
-1.40: Elastic
-2.00: Elastic
What defines the elasticity of the demand?To determine whether the demand is elastic, inelastic, or unit elastic, there is need to look at the absolute value of the slope of the point elasticity.
Price Qty Total Rev Slope Point Elast. Des.
$2.0 20 $40 -2.00 Elastic
$3.0 18 $54 -0.20 Inelastic
$4.0 16 $64 -0.33 Inelastic
$5.0 14 $70 -0.50 Inelastic
$6.0 12 $72 -0.71 Inelastic
$7.0 10 $70 -1.00 Elastic
$8.0 8 $64 -1.40 Elastic
$9.0 6 $54 -2.00 Elastic
Based on the given values, it is seen that when the absolute value of the slope of the point elasticity is less than 1, it indicates inelastic demand. When it is exactly 1, it represents unit elastic demand. And when it is greater than 1, it indicates elastic demand.
Therefore, the description for each value is as follows:
-2.00: Elastic
-0.20: Inelastic
-0.33: Inelastic
-0.50: Inelastic
-0.71: Inelastic
-1.00: Elastic
-1.40: Elastic
-2.00: Elastic
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At year-end, a trial balance showed total credits exceeding total debits by $4,950. This difference could have been caused by: ______________
a. An error in the general journal where a $4,950 increase in Accounts Receivable was recorded as an increase in Cash.
b. A net income of $4,950.
c. An error in the general journal where a $4,950 increase in Accounts Payable was recorded as a decrease in Accounts Payable.
d. The balance of $5,500 in the Office Equipment account being entered on the trial balance as a debit of $550.
e. The balance of $49,500 in Accounts Payable being entered in the trial balance as $4,950.
Answers
There are ways to know the differences in account. This difference could have been caused by An error in the general journal where a $4,950 increase in Accounts Payable was recorded as a decrease in Accounts Payable.
What is a trial balance?A trial balance is a document that depicts all asset, liabilities etc. It is often prepared so as to ensure that posting of amounts and accounts are done well and right.
Here, the Total debits must equal total credits. The issue could have been caused by option d due to different factors.
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Nigel and Sylvia are married and live in California. On August 31 of 2019, they split up and filed for divorce with no intentions of reconciling. Nigel earned $4,000 each month of 2019 and Sylvia earned $2,000 a month from June through the end of the year. A joint bank account paid them interest of $200 each month. They will file MFS. How much will Sylvia report on her tax return?
a. $7,000
b. $8,200
c. $28,200
d. $32,200
Answers
Answer:
Sylvia will report $28,200 on her tax return.
Option C) $28,200 is the correct Answer
Explanation:
Given the data in the question;
Combined Income = ( 4,000 × 8 ) + ( 2000 × 3) = 32,000 + 6,000 = 38,000
Sylvia Separate Income = ( 2000 × 4 ) + ( 200 × 12/2) = 8000 + 1200 = 9,200
Now, the Income that Sylvia will report is;
⇒ (38,000 / 2) + 9200
= 19,000 + 9,200
= 28,200
Therefore Sylvia will report $28,200 on her tax return.
Option C) $28,200 is the correct Answer
Dale is a guitar teacher and Terrence is a tile layer. If Dale teaches Terrence's daughter to play the guitar in
exchange for Terrence tiling Dale's kitchen floor,
a. only Dale is made better off by trade.
O b. both Dale and Terrence are made better off by trade.
c. neither Dale nor Terrence are made better off by trade.
O d. only Terrence is made better off by trade.
Answers
If Dale teaches Terrence's daughter to play the guitar in exchange for Terrence tiling Dale's kitchen floor Option B. both Dale and Terrence are made better off by trade.
In this scenario, Dale is a guitar teacher and Terrence is a tile layer. Dale teaches Terrence's daughter how to play the guitar in return for Terrence tiling Dale's kitchen floor. It is a classic example of trade and bartering. Dale, the guitar teacher, would have had to pay for tile installation if he hadn't bartered with Terrence, the tile layer. Terrence, on the other hand, would have had to pay for guitar lessons if he hadn't traded with Dale.
Both Dale and Terrence, therefore, benefit from the trade, and they are both better off as a result. Because Dale receives tile installation in exchange for teaching guitar lessons, and Terrence receives guitar lessons in exchange for tile installation, both benefit.
In conclusion, the answer is (b) both Dale and Terrence are made better off by trade. When both parties are better off after a trade, it is known as a mutually beneficial trade. Trade, in general, promotes mutual gains by allowing people to concentrate on what they do best and exchange their output with others for goods and services that they desire. Therefore, the correct option is B.
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Imagine the products are in decline and recommend an extension strategy for each one. Make sure you explain your
A Galaxy chocolate bar
Candy Crush mobile app.
Evian water
Ferrari world.
Answers
All of these products should use a rebranding extension strategy.
Once a product reaches maturity and the market is saturated, it gradually starts to decline.
Because of this, one approach to lengthen the life of a product strategy is to always seek out ways to make it better, different, and even stand out from similar products that have already hit the market.
Rebranding, offering discounts, and looking for new markets are all examples of extension strategy methods. Rebranding is the process of giving an existing product a fresh look and feel in order to set it apart from the competition. For instance, a cosmetics company might provide additional brushes, blenders, or sponges.
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Calculate the present value of the following sequence of willingness to pay: $150 this year; $150 next year; $150 in year 2, and $50 in year 3. Use a 5% discount rate. Recalculate using an 3% discount rate. Show your work. What is the effect of using a lower discount rate on the present value of the stream of willingness to pay
Answers
Answer:
$472.10
$482.78
decreasing the discount rate increases the present value of the willingness to pay
Explanation:
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 0 - 2 = $150
Cash flow in year 3 = $50
PV when I is 5% = 472.10
PV when I is 3% = 482.78
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
E-commerce is the buying and selling of goods .
Answers
E-commerce is the buying and selling of goods and services "over an electronic network known as internet".
What is the role of E-commerce on the world countries?Basically, an E-commerce fully means an electronic commerce, which refers to the companies and individuals that buy and sell goods and services over the Internet. An electronic commerce operates in different types of market segments and can be conducted over computers, tablets, smartphones and other smart devices.
Almost all imaginable product and service are now available through the ecommerce transactions including books, music, plane tickets and financial services such as stock investing and online banking
Some of the important role of E-commerce on the world economy includes promotion of efficiency of national resources allocation, optimizes the economic structure, improvement of national competitiveness etc.
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At the end of last year, Cynthia, a 20 percent partner in the five-person CYG partnership, has an outside basis of $28,500, including her $14,000 share of CYG debt. On January 1 of the current year, Cynthia sells her partnership interest to Roger for a cash payment of $21,500 and the assumption of her share of CYG's debt CYG has no hot assets. What is the amount and character of Cynthia's recognized gain or loss on the sale?
A. $7,000 capital loss.
B. $2,000 ordinary loss.
C. $7,000 capital gain.
D. $7,500 ordinary income.
Answers
C. $7,000 capital gain
First, we need to find Net value of Cynthia's share
Net value of Cynthia's share = Value of share - Liabilities
Net value of Cynthia's share = $28,500 - $14,000
Net value of Cynthia's share = $14,500
The next step is to compute Cynthia's net value of her shares sold to Roger.
Then,
Cynthia's gain = Selling value - Net value of share
Cynthia's gain = $21,500 - $14,500
Cynthia's gain = $7,000
Therefore, the amount and character of Cynthia's recognized gain or loss on the sale is $7,000 capital gain.
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Discussion Questions
15-1. This chapter discusses four important issues
that will shape compensation professionals?
work for years to come. Which one of these
issues stands to create the greatest uncertainty
for compensation professionals? Explain
your answer.
Answers
The question is about the Compensation of professionals and its issues.
The most important issue out of the four discussed is the workforce diversity, this creates a great uncertainty in compensating the professionals.
Diversity in professionals create an environment where a group of people are working more and hard while the other group of people does not work much hours but still the compensation is on a similar level and sometimes when this compensation is varied with the group it is highly regarded as the inequality.
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What items or brands represent Beauty, Luxury, Sophistication and/or Elegance for you? What is appealing to you about these (or what turns you off)? (Bonus points awarded for examples of each one of the following categories) Food & drink Clothing styles Settings & scenery
Answers
The items or brands represent Beauty, Luxury, for you is computer and wrist watches.
What is appealing to you about these?The one that is appealing to me is the different brands of computers.
What are Luxury goods?A luxury good is said to be a good that has the demand to often increases more than what is said to be the income rises.
Hence, The items or brands represent Beauty, Luxury, for you is computer and wrist watches.
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Which of the following concepts best describes the supply of housing? A. Irrational B. Inelastic C. Marginal D. Demographic
Answers
Answer: Inelastic
Explanation:
Beverly Mills has decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accom-modate a variety of driving patterns. All the leases are for 3 years and require no money at the time of signing the lease. The first option has a monthly cost of $330, a total mileage allowance of 36,000 miles (an average of 12,000 miles per year), and a cost of $0.35 per mile for any miles over 36,000. The following table summarizes each of the three lease
options:
(See photos below)
Answers
Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
Beverly Mills decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accommodate a variety of driving patterns.All the leases are for 3 years and require no money at the time of signing the lease.
The three lease options available to Beverly Mills are as follows:
Option 1:Monthly cost: $330Total mileage allowance: 36,000 miles (an average of 12,000 miles per year)Cost for any miles over 36,000: $0.35 per mile
Option 2:Monthly cost: $460Total mileage allowance: 45,000 miles (an average of 15,000 miles per year)Cost for any miles over 45,000: $0.45 per mile
Option 3:Monthly cost: $540Total mileage allowance: 60,000 miles (an average of 20,000 miles per year)Cost for any miles over 60,000: $0.55 per mile
Therefore, Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
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Which statement is true regarding monopolistic competition?
Answers
Answer:
AR>MR
--------------------------------------
WHERE ARE THE OPTIONS.
Innovate ways where you can prove the law of action-reaction.
Answers
The ways where you as a person can prove the law of action-reaction are:
When a player pushes the ball forward with force while holding it, the ball pushes back on the player's hand.Student tugs on desk, which tugs back on student (This is how you can "pull" yourself forward.)How can the law of action and reaction be proven?When a person pushes against a wall (action force), the wall pushes back with an equal and opposing force (reaction force). The Space Shuttle lifts (there is no slingshot involved!) because the hot gases push out hot gases (action force) and exert a force on the Space Shuttle engines (reaction force).
Therefore, it can also be shown through Swimming. With the use of the hands, a forward-swimming individual forces the water to move backward. A response force is created as a result of the action force that the individual is exerting.
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in which form of business ro the members of an organization own and control its activities
Answers
Answer: Partnership is the form of business in which the members of the organization owns and control its activities. They directly oversee the operations of the business and has direct involvement towards the day to day activities of the business.
Explanation:
Shared negative feelings in a group can positively influence task performance when they stem from ________. However, shared negative feelings can hinder performance in a group when they stem from ________.
Answers
Shared negative feelings in a group can positively influence task performance when they stem from social category diversity. However, shared negative feelings can hinder performance in a group when they stem from informational diversity. Thus the correct option is B.
What is a group?A group is referred to as a collection of poele come together to form a relationship or connection with each other. These groups mainly form to perform collaborative activities to achieve something.
Shared feelings can both affect the performance of the team positively and negatively. It helps in information exchange as well as gives rise to conflict as well due to disagreement.
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The complete question is probably
Shared negative feelings in a group can positively influence task performance when they stem from ________.However,shared negative feelings can hinder performance in a group when they stem from ________.
A)perceptual distance; job involvement
B)social category diversity; informational diversity
C)team structure; process shifts
D)a source outside of the team; a source inside the team
Olivia believes that the employees in her company require constant supervision and are not naturally motivated. She believes she should push them to reach their goals. Which theory of leadership can she utilize that would relate to her situation? Olivia can utilize in her company.
Answers
Answer:
Transformational Leadership Theory
The Transformational Leadership theory, also known as Relationship theories, focuses on the relationship between the leaders and followers. This theory talks about the kind of leader who is inspirational and charismatic, encouraging their followers to transform and become better at a task.
Transformational leaders typically motivated by their ability to show their followers the significance of the task and the higher good involved in performing it. These leaders are not only focused on the team's performance but also give individual team members the required push to reach his or her potential. This leadership theories will help you to sharp your Skill.
Transactional Theories
Transactional Theories, also referred to as Management theories or exchange theories of leadership, revolve around the role of supervision, organization, and teamwork. These theories consider rewards and punishments as the basis for leadership actions. This is one of the oft-used theories in business, and the proponents of this leadership style use rewards and punishments to motivate employees.
The theory of leadership she utilizes that would relate to her situation is Transformational leadership. This is further explained below.
What is Transformational leadership?Generally, Transformational leadership is simply described as a style of leadership that affects both people and societal systems.
In conclusion, Transformational leadership is the leadership idea that Olivia may use in her position.
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Describe a start-up business that would attract venture capital.
Answers
Answer:
A start-up business that would likely attract venture capital would be an online platform that connects businesses with freelance workers. This platform would provide businesses an easy and efficient way to outsource tasks that they do not have the time or resources to do in-house. It would also provide workers with an opportunity to find work with businesses, and the ability to work remotely from anywhere in the world.
The platform would be designed to make the process of finding and hiring freelance workers simple and straightforward. Businesses would be able to post job openings, and workers would be able to easily search for and apply for jobs that fit their skill sets. The platform would also provide businesses with the ability to review a freelancer's portfolio, past work experience and customer reviews to help them make an informed decision when hiring.
The platform would also make it easy for businesses and freelancers to communicate, allowing them to collaborate on projects from anywhere in the world. The platform would also provide integrated payment solutions, such as escrow accounts, to make it easier for businesses to pay freelancers on time.
The platform would be designed to be user-friendly, making it easy for both businesses and freelancers to get started. The platform would also have a reputation system to help
The mean amount spent by a family of four on food per month is $507 with a standard deviation of $79. Assuming that the food costs
are normally distributed, what is the probability that a family of four spends more than $600 per month on food?
Select one:
O a. 1.18
b. 0.3810
O c. 0.8810
O d. 0.1190
Clear my choice
What is the probability of a value occurring between the mean and a z-Value of 1.26?
Select one:
O a. 0.0793
b. 0.1026
O c.
0.3849
O d. 0.3962
Clear my choice
Answers
The mean amount spent by a family of four on food per month is $507 with a standard deviation of $79. Assuming that the food costs are normally distributed, the probability that a family of four spends more than $600 per month on food is 0.1190.
Probability is the branch of mathematics concerning numerical descriptions of however doubtless an associate event is to occur, or how likely it's that a proposition is true. The chance of an occasion could be a range between zero and one, where, roughly speaking, 0 indicates the impossibility of the event and 1 indicates certainty. The higher the probability of an event, the lot of likely it is that the event can occur. a straightforward example is the moving of a good coin. Since the coin is fair, the 2 outcomes are each equally probable; the probability of "heads" equals the probability of "tails"; and since no alternative outcomes are possible, the chance of either "heads" or "tails" is 1/2.
These ideas are given an axiomatic mathematical systematization in probability theory, that is employed widely in areas of study such as statistics, mathematics, science, finance, gambling, artificial intelligence, machine learning, computer science, game theory, and philosophy, for example, draw inferences concerning the expected frequency of events. applied math is additionally accustomed describe the underlying mechanics and regularities of complex systems.
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You can earn 3% interest on a CD and 1.25% interest on a savings account.
How much more interest will the CD earn for one year if you make a deposit of
$1,650?
Financial Lit, please help!!
Answers
Answer:
The CD will earn $49.50 more interest than the savings account for one year if you make a deposit of $1,650.
At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $16,000. Instructions Journalize and post the adjusting entry for bad debts at December 31, 2020. Journalize and post to the allowance account the following events and transactions in the year 2020. March 1, a $1,900 customer balance originating in 2020 is judged uncollectible. May 1, a check for $1,900 is received from the customer whose account was written off as uncollectible on March 1. Journalize the adjusting entry for bad debts on December 31, 2020. Assume that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $2,000, and the aging schedule indicates that total estimated bad debts will be $38,300.
Answers
Answer:
a. Journal Entry
December 31, 2020:
Debit Bad Debts Expense $16,000
Credit Allowance for Doubtful Accounts $16,000
To record bad debts expense.
b. Journal Entries:
March 1, 2020:
Debit Allowance for Doubtful Accounts $1,900
Credit Accounts Receivable $1,900
To record the write-off of uncollectible account.
May 1, 2020:
Debit Accounts Receivable $1,900
Credit Allowance for Doubtful Accounts $1,900
To record the reversal of the March 1, 2020 entries.
Debit Cash $1,900
Credit Accounts Receivable $1,900
To record the receipt of check from the customer.
c. Journal Entries:
Debit Bad Debts Expense $40,300
Credit Allowance for Doubtful Accounts $40,300
To record bad debts expense and bring the Allowance for Doubtful Accounts to a credit balance of $38,300.
Explanation:
a) Adjusting journal entries are recorded at the end of the accounting period to provide for accrued expenses and revenues, expense prepayments, and deferred revenue, including depreciation expense, thereby ensuring that the accounts are reported in accordance with the accrual concept.