In an Argument in Class About the Homogenizing Effects of Globalization,Freja

question 12

Multiple Choice

In an argument in class about the homogenizing effects of globalization,Freja points out that even in multinational chain stores and restaurants,there are locally influenced differences in what is available and desirable.What concept is she supporting?

• A) McDonaldization
• B) glocalization
• C) imperialism
• D) global commodification

Understand the process and accounting entries for reinstating previously written-off accounts.

Analyze and adjust the allowance for doubtful accounts based on an aging of receivables report.

Assess the influence of credit sales on the estimate of uncollectible accounts.

Comprehend the implications of selling receivables.

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Definitions:

Reversing Entry

An accounting entry that is made at the beginning of an accounting period to reverse or cancel out a previously made adjusting entry.

Salaries Expense

The total amount of salary payments owed to employees for work performed during a specific period.

Salaries Payable

An account that records amounts owed to employees for work performed but not yet paid, a liability on the balance sheet.

Reversing Entries

Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries made at the end of the previous accounting period.