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Andrew [12]
2 years ago
8

Differentiate between bad debt and doubtful debt​

Business
1 answer:
umka2103 [35]2 years ago
3 0

answer and explanation :

A bad debt is a specifically-identified account receivable that will not be paid and so should be written off at once, while a doubtful debt is one that may become a bad debt in the future and which it may be necessary to create an allowance for doubtful accounts.

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How many years would it take for money to increase to 3 times the initial amount at an interest rate of 18% per year?
arlik [135]

Answer:

7 years (to the nearest year)

Explanation:

Given that;

A = amount

P= principal

t = time

r = rate

A =3P(given in the question)

Formula for compound interest;

A = P(1 + r)^t

Substituting values;

3P = P(1 + 18/100)^t

3P/P= (1.18)^t

3 = (1.18)^t

log 3 = t log 1.18

t = log 3/log 1.18

t = 0.4771/0.0719

t = 6.6 years

t = 7 years (to the nearest year)

3 0
2 years ago
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Amiraneli [1.4K]

Answer:

positioning

Explanation:

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7 0
3 years ago
Mike is applying for a home loan and wants to buy a house worth $150,000 in a neighborhood close to his work. however, he only h
hichkok12 [17]

Pay PMI (private mortgage insurance) which is the amount the lender charges to protect their interests in case the borrower stops paying and defaults on the loan.

6 0
3 years ago
In 20-- the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and
Anon25 [30]

Answer:

All workings are attached in the attachment for your convenience.

Explanation:

Download docx
5 0
3 years ago
Determine the amount of teller cost in total and the average teller cost per transaction for a branch that processes 55,000, 65,
lapo4ka [179]

Answer:

Teller cost is a variable cost.

Explanation:

As shown in table attached below.

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3 years ago
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