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MatroZZZ [7]
2 years ago
10

Multiple Select Question Select all that apply Bad Debt Expense ______. (Check all that apply.) Multiple select question. should

exceed the revenue generated from incurring the cost is a cost of extending credit to customers is based on actual events and does not require estimation is an estimate
Business
1 answer:
Olegator [25]2 years ago
4 0

Bad Debt Expense is a cost of extending credit to customers is based on actual events and does not require estimation is an estimate.

  • When a receivable is no longer recoverable as a result of a customer's inability to pay an outstanding debt owing to bankruptcy or other financial issues, a bad debt expense is recorded.
  • Big Store stops paying its debts and fails to reimburse Company XYZ for goods valued at $100,000. Company labels the $100,000 as a bad debt because it has little faith that Big Store will ever make good on its obligations.
  • When a customer's repayment of previously granted credit is thought to be uncollectible and is therefore recorded as a charge off, a business incurs a bad debt expense.
  • Bad debt charges are categorized as operating costs and are typically listed under selling, general, and administrative costs on your company's income statement.

Thus this is the answer.

To learn more about Bad debt expense, refer:brainly.com/question/24871617

#SPJ4

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Incomplete question. Here are the missing options;

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Answer:

<u>b. Roadmap</u>

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3 years ago
Morin Company's bonds mature in 10 years, have a par value of $1,000, and make an annual coupon interest payment of $60. The mar
m_a_m_a [10]

Answer:

= $865.79

Explanation:

<em>The value of the bond is the present value (PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).</em>

Value of Bond = PV of interest + PV of RV

The value of bond of Morin Company can be worked out as follows:

Step 1

PV of interest payment

PV = A ×  (1-(1+r)^(-n))/r

r- 8%, n- 10, A- interest payment = 60

PV of interest

= 60× (1- (1+0.08)^(-10)/0.08

= 402.60

Step 2

<em>PV of Redemption Value</em>

PV = RV × (1+r)^(-n)

= 1,000 × (1.08)^(-10)

= $463.193

Step 3

<em>Price of bond</em>

= $536.80 + 463.19

= $865.79

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Answer:

hope it's help you ok have a good day

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