Answer:
Option D Allowance for noncollectable Accounts.
Explanation:
The bad debt recovery recording is a two step process.
Step 1 Reverse the entry of bad debt with the amount received
Dr Trade Receivable $40,000
Cr Bad debts $40,000
Step 2 Now record the receipt of amount as a reduction in trade receivable and increase in cash asset.
Dr Cash $40,000
Cr Trade Receivables $40,000
The only account unconsidered here was Allowance for the noncollectable account.
Answer: The answer is Yes. This is because you have a choice to accept or decline.
Answer:
Your shared monthly living expenses (rent + utilities) have been $750 per month, living with three other students. One of your roommates has to suddenly move out! How much will your share of the expenses increase to, until you can find a new roommate?
if $750= 1 month
?= 12 months
then we have; $9000 per year shared by 4 friends
9000/4= $2250 per person in a year and
2250/12= $187.5 per person in a month
If someone left, then we have
$750= 1 month
?= 12 months
$9000/3= $3000 per person in a year
$3000/12= $250 per person in a month
So therefore, the share of expenses monthly increases from $187.5 to $250
Explanation:
Increased flexibility in scheduling serves as important benefit for employers to offer because of:
1)the increase in single parent homes
2)the increase in two-income families
- Scheduling serves as a process of arranging as well as controlling and optimizing work when carrying out a production process.
- It is important for employers to have Increased flexibility in scheduling because of the rise in single parent home.
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