Answer:
The amount worth $6,000 will be debited to the account in Year 2
Explanation:
When the uncollectible accounts are written off, then the debit is created to the allowance and the credit to the accounts receivable. The starting balance in the allowance account is $90,000 and the ending balance is $100,000 and the expense of bad debt is $16,000
The write off is computed as:
Write off = Beginning balance + Bad debt expense - Ending balance
= $90,000 + $16,000 - $100,000
= $106,000 - $100,000
= $6,000
Therefore, the amount of $6,000 is to be write off in Year 2
Answer:
The balance in the account = $851.8
Explanation:
The future value of a lump sum is the amount expected at a future date when a sum of money is invested today at a particular rate of interest for certain number of years
.
This implies compounding the initial amount invested ($300) at the given interest rate(11%) for 10 years.This will be done as follows:
<em />
FV = PV × (1+r)^(n)
FV-Future value
r- rate of return per period
n- Number of period
PV - 300
r-11%
DATA
FV- ?
PV - 300
n- 10
FV= 300 × 1.11^10 = 851.83
The balance in the account = $851.8
Sam's is liable for defamation statement is true.
<u>Option: A</u>
<u>Explanation:</u>
The vice president of public relations in Sam's Sandwiches issued the following false statement regarding the type of meat the Hamburger Hamlets, Inc use in there fast food products like burger. This showcase the defamation form Sam's side, which is the verbal or written transmission of a false statement about someone else that unjustly damages their image and is typically a felony or a punishment.
Diffamation law only finds defamatory claims if they are, in reality, false. A real assertion is not regarded as slander. In fact, expressions of belief are not assumed inaccurate because of their existence, since they are specific to the speaker.
Answer:
the answer is your 2nd choice.
Explanation:
getting the "word" out there about your business or product is reaching more consumers rather than just newspapers. local advertising does benefit, but your biggest customer base is thru a media strategy..
