Match the following multinational strategy concepts... Prompt 1STRATEGY that is Locally responsive but NOT very globally efficient Answer for prompt 1 STRATEGY that is Locally responsive but NOT very globally efficient Prompt 2STRATEGY that is Globally efficient but NOT very locally responsive Answer for prompt 2 STRATEGY that is Globally efficient but NOT very locally responsive Prompt 3STRATEGY that is Both globally efficient AND locally responsive Answer for prompt 3 STRATEGY that is Both globally efficient AND locally responsive Prompt 4EXAMPLE of a transnational strategy Answer for prompt 4 EXAMPLE of a transnational strategy Prompt 5EXAMPLE of a multidomestic strategy Answer for prompt 5 EXAMPLE of a multidomestic strategy Prompt 6EXAMPLE of a global strategy

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?