Answer: $1000
Explanation:
First, we calculate the amount if bad debt expense which will be:
= 3% × $50000
= $1500
Therefore, the balance of accounts receivable at the end of the first year will be:
= Amount of bad debts expense - Account written off
= $1500 - $500
= $1000
Answer:
The correct answer is option A.
Explanation:
The consumer product safety commission is an independent agency of the US government. It works to promote the safety of consumer products. It addresses the unreasonable risk of injury and develops uniform safety standards.
This agency was founded in the year 1972 by the consumer product safety act. It basically protects the public from the products that can be dangerous, for instance, lawnmowers, washing machines, etc.
<u>Answer:</u>
<em>Filmmakers want movie titles that are short, memorable, appealing to consumers, and without legal restriction to </em><u><em>appeal to multiple cultures
</em></u>
<em></em>
<u>Explanation:</u>
Many independent filmmakers are amazed at the measure of exertion and ability required to verify a fair conveyance understanding. With the emotional increment in an autonomous generation, it is evident that numerous movie producers have aced the skills expected to confirm the cash and hardware and deliver the film.
Subsequently, if the Filmmaker has skillfully made content into an engaging film, the movie producer might have the option to get a superior arrangement.
It is True, that both, current assets and non-current assets should be reassessed in order to determine the market value of a business.
<h3><u>What are current assets and non-current assets?</u></h3>
- Short-term assets, or those that can be swiftly sold and utilised for a company's urgent requirements, are known as current assets. Non-current Assets are long-term and have an operational life of over a year.
- Cash, marketable securities, inventories, and accounts receivable are a few examples of current assets. Long-term investments, real estate, PP&E, and trademarks are a few examples of noncurrent assets.
- Noncurrent assets are often valued at cost minus depreciation whereas current assets are frequently valued at market pricing.
- Profits from the sale of assets held for more than a year are subject to capital gains tax (noncurrent assets).
To view more questions on market value, refer to : brainly.com/question/15148120
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Answer:
$2,450 ; $1,430
Explanation:
The computation of the ending inventory using the periodic inventory system is shown below:
Under FIFO method
= 245 units × $10
= $2,450
We take the last units in this FIFO method
Under the LIFO method
= 205 units × $6 + 40 units × $5
= $1,230 + $200
= $1,430
We take the first units in this LIFO method
Hence, the closing inventory is come
