Answer:
D. $68,000
Explanation:
The total amount of bad debt expense that should be reported for the year is $68,000. This is because since the company has a debit balance of $8,000 at the beginning of the year, the uncollectible of $60,000 would be added to the debit balance hence equals $68,000 which would serve as bad debt expense.
Answer:Im figuring this out for you!
Explanation:
Answer: The correct answers are 1). B. Segregation of duties
2).A. Establishment of responsibility 3). C. Physical control devices
4). B. Segregation of duties 5). D. Documentation procedures 6). E. Independent internal verification 7). F. Human resource controls
Explanation: Internal controls is a system that promotes effectiveness and efficiency, reduces risks of asset loss, ensures the reliability of financial statements and compliance with laws and regulations.
Internal control principles include; Segregation of duties; Establishment of responsibility; Physical control devices; Segregation of duties; Documentation procedures; Independent internal verification and Human resource controls.
Answer:
Practical Capacity
Explanation:
Practical Capacity is the estimate of maximum output of products or services that an organization can produce. It is used to calculate the quantity of cost drivers that would be used for the production of the product or services. The practical capacity is always within the available capacity of the firm.