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Smart Art Is a New Establishment

question 78

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Smart Art is a new establishment. During the first year, there were credit sales of $40,000 and collections of credit sales of $36,000. One account for $650 was written off. The company decided to use the percent-of-sales method to account for bad debts expense, and decided to use a factor of 2% for their year-end adjustment of bad debts expense. The ending balance in Allowance for Bad Debts account would be:

Understand the different components of attitudes and how these components influence workplace behavior.
Identify and explain various personality types and their impact on job performance and organizational behavior.
Describe the concept of cognitive dissonance and its effects on individual attitudes and behaviors.
Recognize the factors that contribute to job satisfaction and how they affect employee engagement and organizational commitment.

Definitions:

Respiratory Disease

Medical conditions that affect the lungs and other parts of the respiratory system, causing difficulty in breathing.

Environmental Problems

Issues affecting the natural world, often caused by human activities, that include pollution, climate change, deforestation, and loss of biodiversity.

Ecological Ignorance

Lack of understanding about the interconnections and interactions within ecosystems.

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