Answer:
b. Deductible
Explanation:
Since in the question it is mentioned that Kenji who had an illness and had an accident during the year also the combined out of pocket expenses is $1,000.
So this $1,000 represent the deductible
hence, the correct option is b.
And the other options are wrong
Therefore the same is to be considered
One interest is simple the other is compound......
Answer:
increase their savings
Explanation:
Saving is the action of putting aside a portion of income in a safe place instead of spending. It is a technique that firms and individuals use to achieve their financial objectives. Consistent saving for a duration of time helps accumulates a substantial amount of money that can be used to actualize financial objectives.
While savings is not the financial objective, it is a means to achieve the actual goal. For Example, if one goal is to own a home or a car, they start saving for the down-payment. Saving helps achieve their long term goals.
Answer:
A. Dr Bad Debt Expense$5,350
Cr Allowance for Doubtful account$5,350
B. Dr Bad Debt Expense $2,800
Cr Allowance for Doubtful account$2,800
Explanation:
Preparation of the journal entry for the estimated bad debts
A. Based on the information given the Journal entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts will be:
Dr Bad Debt Expense$5,350
Cr Allowance for Doubtful account$5,350
[(4%*90,000)-1,750]
B. Based on the information given the Journal entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts will be:
Dr Bad Debt Expense $2,800
Cr Allowance for Doubtful account$2,800
[(5%*90,000)-1,700]
Answer:
fixed position layout
Explanation:
According to my research on different manufacturing techniques, I can say that based on the information provided within the question the best type of layout for this scenario would be a fixed position layout. This is a layout in which all the personnel, supplies, and equipment are transported to the location of where the product will be created or assembled. This is done in many situations where the product is too big and will cause more trouble by transporting it to it's destination intact, as is the case in this scenario.
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