Answer:
The bad debts expense for 2015 would be $ 28,000
Explanation:
The balance of the allowance for doubtful account should be equal to the amount estimated to be uncollectible based on the ageing analysis
Estimated uncollectible account $ 31,000
Allowance for doubtful accounts prior to adjustment <u>$ 3,000</u>
Bad debts expense for the year to be recorded <u> $ 28,000</u>
The accounting entry to record this is as follows:
Bad debts expense Debit $ 28,000
Allowance for uncollectible accounts Credit $ 28,000
Answer:
Yes.
I agree with the statement that "Persistent long-term growth is most achievable in moderate rates."
Explanation:
For instance, Company B may not be motivated to continue on its growth trajectory because it has doubled in size in a few years. The reason for this demotivation is that to achieve further growth may not become a motivator and it may not be repeatable, with management relaxing its growth efforts. Companies that achieve persistent long-term growth usually grow at moderate rates.
The formula is
I=prt
I interest earned 16
P principle 1300
R interest rate 0.04
T time t/365days
16=1300×0.04×(t/365)
Solve for t
T=(16÷(1,300×0.04))×365
T=112.3 days round your answer to get 112 days
Hope it helps!
Reshmie is called a <u>shareholder </u>of Ron Digital Marketing firm.
<h3>Who is a Shareholder?</h3>
A shareholder is an individual person, firm, or institution who holds at least one share of a company's equity.
Because shareholders effectively own the firm, they profit from its success. These benefits take the shape of improved stock values or financial earnings given as dividends.
When a firm loses money, the share price lowers automatically, causing shareholders to lose money or incur losses in their holdings.
Learn more about shareholders here:
brainly.com/question/25686394
