Answer: The amount the company would report as its net accounts receivable at 31 December 2017 is $801,000.
Explanation: Net accounts receivable is the recoverable amount of receivable after considering the amount that is deemed to be uncollectible. It is accounts receivable balance minus the allowance for doubtful accounts.
In the instance of this question, the net accounts receivable was initially $801,000 ($870,000 - $69,000). Now that management approved a write-off of $17,000, the implication is that the write-off would hit allowance for doubtful account (since there is a buffer in that account instead of bad debt expense), and the necessary accounting entries to be recorded would be: <em>Debit Allowance for doubtful accounts $17,000; Credit Accounts Receivable $17,000. </em>With these entries, both accounts receivable and the allowance for doubtful accounts would be reduced by the same account. Consequently, the net accounts receivable remains the same but the individual balances in accounts receivable and allowance for doubtful account would now be $853,000 ($870,000 - $17,000) and $52,000 ($69,000 - $17,000).
True, Age Discrimination in Employment Act (ADEA) forbids age discrimination against people who are age 40 or older.
- It does not protect workers under the age of 40, although some states have laws that protect younger workers from age discrimination.
- These legislation collectively changed the workplace by removing obstacles to opportunity and establishing a foundation of fairness and equality.
- Congress acknowledged that age discrimination was mostly brought on by erroneous beliefs that ability was impaired by age when it passed the ADEA.
- Direct and indirect age discrimination are two of the most prevalent forms of this practice.
What is the Age Discrimination Act of 1978?
- Age-based discrimination against older workers in hiring, firing, layoffs, compensation, and other working conditions is illegal under the federal Age Discrimination in Employment Act (ADEA).
- Most employees 40 and older who work for companies with 20 or more employees are covered by the statute.
Learn more about the Age Discrimination Act of 1978 brainly.com/question/15287392
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Businesses/producers make the goods and services that exist in the economy. Producers create goods or services that are available for consumers to purchase so that they are making a profit. Consumers need to be interested in the goods or services available so that the companies stay in business and help drive the economy.
Answer:
b one or two products are under costed.
Explanation:
If a company produces three products, & one product is over costed. Then, The company must have had one or two products, that are under costed.
As, if the company under costs a product. Then, it over costs the other products, for covering the lack of profit margins arising from under costing of former product.
Answer:
22.5 years will take to exhaust his funds
Explanation:
Consider the following calculations
- PV = 375,000, payment = -35,000, interest rate is 7.5%.
- FV = 0.
- Plugging these numbers into a calculator and solving for number of periods gives 22.5 years.
