Mercantilism is the name of the theory
Answer:
$11,750
Explanation:
The computation of bad debt is shown below:-
Bad debt expense = Estimated allowance for uncollectible at the year end - Existing balance in allowance for uncollectible account credit balance
= ($314,000 × 4%) - $810
= $12,560 - $810
= $11,750
Therefore for computing the bad debt expenses we simply applied the above formula.
Answer:it helps people business I guess
Explanation:
Answer: Organizing
Explanation:
One of the key functions of management is to organize the resources of the business in such a way that the business is moved forward and its goals are accomplished.
The manager does this by allocating those resources to various plans and projects in an efficient enough manner that would help the company achieve its goals.
Answer:
The amount of interest expense Crane will show with relation to these bonds for the year ended December 31, 2020 is $81,220.
Explanation:
This can be calculated as follows:
Annual amortization = (Face value of the bonds - Proceeds from the bonds) / Tenure of the bonds = ($848000 - $799000) / 10 = $49,000 / 10 = $4,900
Interest expenses for 2020 = (Face value of the bonds * Annual interest rate) + Annual amortization = ($848000 * 9%) + $4,900 = $76,320 + $4,900 = $81,220
Therefore, the amount of interest expense Crane will show with relation to these bonds for the year ended December 31, 2020 is $81,220.
