Answer:
The answer is below
Explanation:
Education is considered the basic requirement for the profession because, through education, people get to learn the basic knowledge required to perform a profession.
For example, a medical doctor or physician profession requires education in core biological science subjects such as microbiology, human anatomy, medical rehabilitation, dentistry, etc.
Education gives the professional the knowledge to anticipate, predict, and carry out the right solution to any problem that needs to be solved under his or her profession.
For example, a civil engineer needs education in architectural and engineering drawing to translates the drawing into reality or an actual project.
Answer:
Follows are the solution to this question:
Explanation:
In point A:
The estimated amount of uncollectible allowance =
In point B Journal
Titles and descriptions of accounts Debit Credit Calculation
Expenditure on bad debts 
Doubted debt allowance 
(Bad Debts Expense recorded)
In point C Journal
Titles and descriptions of accounts Debit Credit Calculation
Expenditure on bad debts 
Doubted debt allowance 
(Bad Debts Expense recorded)
Answer:
If the government sets out to make home buying easier for more people by forcing lenders to accept LOWER down payments and LOWER interest rates, the result will likely be an INCREASE in housing prices
Explanation:
If either interest rates or down payment amounts lower, the quantity demanded for houses will increase a little, possible leading to a small increase in the prices of houses.
If both interest rates and down payment amounts lower, then the quantity demanded for houses should increase a lot, which will result in an increase in the prices of houses.
This happened during the first decade of our century and everything was fine until the interest rates started to increase and people could no longer pay their mortgages and BOOM, the economy busted.
Answer:
A) $84,500
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.
The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.
Hence, amount of cash provided by operating activities
= -$3,000 + $1,000 + $1,500 + $85,000
= $84,500
The increase in asset other than cash is an outflow, increase in liability is an inflow of cash. Depreciation is a non-cash item added back while increase in building and bond payable are investing and financing activities respectively.
Answer:
1040 Z is the correct answer
Explanation:
