The General Ledger Account for Accounts Receivable Shows a Debit

question 48

Essay

The general ledger account for Accounts Receivable shows a debit balance of $40,000.The Allowance for Uncollectible Accounts has a credit balance of $2,000.Net sales for the year were $250,000.In the past,3 percent of net sales have proved uncollectible.An aging of accounts receivable accounts results in an estimate of $9,000 of uncollectible accounts receivable.Calculate (1)Uncollectible Accounts Expense and (2)the ending balance of the Allowance for Uncollectible Accounts using (a)the percentage of net sales method and (b)the accounts receivable aging method for both (1)and (2).

Compare and contrast the theories of Sigmund Freud and Karen Horney, including areas of agreement, disagreement, and personal perspectives.

Discuss the criticism of Freudian theory as well as its positive contributions to understanding 21st-century behavior.

Analyze the pros and cons of trait theories of personality.

Explain Carl Rogers' concept of unconditional positive regard.

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Definitions:

Unnecessary Activities

Tasks or processes that do not add value to the product or service from the perspective of the customer, often targeted for elimination in efficiency improvement efforts.

In-Plant Inventory

Refers to the stock of raw materials, work-in-progress, and finished goods that are kept within a manufacturing plant or facility.

Just-In-Time Partnerships

Collaborations between companies that focus on producing or delivering goods only as they are needed, to reduce inventory costs and increase efficiency.