Reader's Digest Association, Inc., has published Reader's Digest magazine for over 80 years, and many believe the publication is

Answer:

The following journal entries are provided

Explanation:

June 12, 2021

Rendered services to clients on account for $41,000.

                                    DEBIT        CREDIT

Receivable account    $41,000

Services Revenue                        $41,000

September 17, 2021

Collected $25,000 from clients on account.

                                     DEBIT        CREDIT

Cash                           $25,000

Receivable                                    $25,000

December 31, 2021

Estimate that 45% of accounts receivable by year-end will default.

                                                  DEBIT        CREDIT

Bad debt($16,000x45%)           $7,200

Allowance for doubtful debt                       $7,200

March 4, 2022

Rendered services to clients on account for $56,000

                                    DEBIT        CREDIT

Receivable account    $56,000

Services Revenue                          $56,000

May 20, 2022

Received $10,000 from clients for services rendered in 2021.

                                     DEBIT        CREDIT

Cash                          $10,000

Receivable                                     $10,000

July 2, 2022

Wrote off the outstanding amounts from services provided in 2021.

Calculation: $41,000 - $25,000 - $10,000 = $6,000

                                                               DEBIT        CREDIT

Allowance for doubtful debt               $6,000

Account Receivable                                                 $6,000

October 19, 2022

Received $45,000 from clients for services provided in 2022.

                                   DEBIT        CREDIT

Cash                         $45,000

Receivable                                    $45,000

December 31, 2022

Estimate that 45% of accounts receivable at year-end will not be collected.

                                          DEBIT        CREDIT

Bad debt (w)                     $3,750

Allowance for bad debt                     $3,750

Calculation:

($56,000 - $45,000) x45% = $4,950

Balance in Allowance account at December 31, 2021  = 7,200

Bad debt disposed of                                             = 6,000

Remaining balance                                              = 1,200

Thus, the Allowance for doubtful debt at December 31, 2022 = $4,950 - $1,200

Allowance for doubtful debt at December 31, 2022 = $3,750

Answer:

B

Explanation:

The Graphic Rating Scale is employed for assessing performance. This evaluation tool lists various traits, similar to how TrueBlue identifies characteristics like initiative, independence, cooperation, attention to detail, and punctuality, which are rated using a poor-to-excellent scale.

Many organizations utilize this evaluation method to assess employee performance.

Answer:

The soft drink costs more when purchased in a can.

The can is $0.044 more per ounce than the bottle.

Explanation:

From the information in the question:

Price for a 12-oz can = 75 cents = $0.75

Price for a 2-liter bottle = $1.25

To find the cost per ounce for the can = $0.75 divided by 12

= $0.0625 per ounce

For the bottle:

Total ounces contained = 2 × 1.057 × 32 oz [As 1.0 L = 1.057 qt, 1 qt = 32 oz]

= 67.648 oz

Thus,

Cost per ounce for the bottle = $1.25 divided by 67.648 oz

= $0.0185 per ounce

Consequently,

The soft drink costs more in a can.

Price difference = $0.0625 per ounce - $0.0185 per ounce

= $0.044 per ounce

Therefore,

The can is $0.044 more expensive than the bottle.

Answer:

Strategic planning.

Explanation:

A strategic plan serves as a document outlining an organization's direction. It can vary in length from a single page to an entire binder depending on the business's scale and intricacy. Most managers often find value in having a strategic plan.

The share of the overall price attributed to the product is under 50%, likely around 35-40%.

Clarification:

Given that the product's standalone price is $450 while the service is priced at $550, the total cost when both are purchased separately comes to at least $1000. However, the company is currently offering a promotion, selling both for $800.

This indicates that the business is experiencing some loss that must be absorbed. The discount provided to clients results in a loss of $200, which acts as a motivation for the customers.