Answer:
uncollectible accounts expense 28,000
Explanation:
the aging of the accounts receivable is 600,000
AR unadjusted 650,000
We need to adjust by 50,000 to get the net realizable value
allowance: 68,000
written off (46,000)
uncollectible expense <u> X</u>
year end 50,000
68,000-46,000 + uncollectible = 50,000
uncollectible = 50,000 -22,000 = 28,000
Answer:
4.11%
Explanation:
the percentage change in real GDP = [(new real GDP - old real GDP) / old real GDP] x 100 = [($316,500 - $304,000) / $304,000] x 100 = 4.11%
Generally a surge in immigration will result in both higher nominal and real GDP, but what should be more important is how real GDP per capita changes. If real GDP per capita increases, then the inflow was positive and made the economy grow for better. If real GDP per capita decreases, even if total real GDP increases, then the economy is not doing better.
Most corporations count revenue, not when payment is received, as when sales occur.
Explanation:
1. Doubtful accounts or account holders, in which you fear you will not be paid, are excluded from taxes, which raises the net income recorded by the corporation.
2. Not as a boss with her property. She shall be an agent as a boss working for the good of the business owner. When the only reason she makes improvements to her accounts is to maximize her salary, she places her own future in the hands of the interests of the company / owner. Especially as it may affect the company's decision making by changing its net income. Unless she has a valid reason to reduce questionable figures of account, Then she did not commit an ethical breach but as the trigger makes clear she takes her decisions on the grounds of the desire to reduce her own income, even though she is no more the owner's loyal employee.
3. In any incident that an accounting transition affects the remuneration of the manager, the manager should provide a short justification that should be submitted to the owner or the board of directors.
Answer:
The correct answer is letter "C": one service department is chosen to allocate costs first.
Explanation:
The sequential method of cost allocation or the allocation method is used to place the cost of service departments to other departments in the same firm. The first department chosen does not receive an allocation from the other departments. Then, the cost of each department is distributed one by one.
Occupying most of the market share
