if 1500+0.75y+500+g =(g)+(0.75y)+(1500+500) the simplified answer would be
=g+0.75y+2000
Answer:
This has no effect on the period-end balance sheet.
Explanation:
A statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
According to the question asked the balanced sheet was prepared before the pay period came so this effect will not affect the balance sheet.
Answer:
The YTM of a bond is 7.67%
Explanation:
From a financial calculator, plug the following figures:
PV = -1029.33
PMT = 40
N = 15*2
=30
FV = 1000
CPT I/Y =3.834%
Then:
YTM = 3.834*2
= 7.67%
Therefore, The YTM of a bond is 7.67%
Answer:
$4,775
Explanation:
Given that,
Allowance for Uncollectible Accounts = $1,700
Write off in Accounts receivable during the year = $875
Allowance for Uncollectible Accounts required = $5,600
Closing Allowance for Uncollectible Accounts:
= Allowance for Uncollectible Accounts - Write off in Accounts receivable during the year
= $1,700 - $875
= $825
Bad debt expense for 2022:
= Allowance for Uncollectible Accounts required - Closing Allowance for Uncollectible Accounts
= $5,600 - $825
= $4,775
