On January 1, 2019, Triangle Corp

question 28

Multiple Choice

On January 1, 2019, Triangle Corp. has the following account balances: Allowance for Bad Debts
During the year, Triangle has $155,000 of credit sales, collections of credit sales of $142,000, and write-offs of $3,400. It records bad debts expense at the end of the year using the aging-of-receivables method. At the end of the year, the aging analysis shows that $2,000 is the estimate of uncollectible accounts. Before the year-end entry to adjust the bad debts expense is made, the balance in the Allowance for Bad Debts is ________.

• A) a debit of $1,800
• B) a credit of $5,000
• C) a zero balance
• D) a debit of $3,400

Evaluate the effectiveness of motivational practices based on organizational culture, employee needs, and desired outcomes.

Appreciate the role of flexible work arrangements as motivators in the workplace.

Discuss the benefits and challenges of adopting flexible work arrangements from an organizational perspective.

Understand how flexible work arrangements can serve as cost-cutting measures while maintaining employee jobs during financial difficulties.

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Definitions:

Poisson Distribution

A discrete frequency distribution which gives the probability of a number of independent events occurring in a fixed time.

Mean

The arithmetic average of a set of numbers, found by dividing the sum of all numbers by the count of numbers.

Discrete Probability Distribution

A statistical function that describes the likelihood of each possible outcome of a discrete random variable occurring.

Mean

The average of a set of values, calculated by summing all the values and dividing by the number of values.