Explanation:
When two conditions are met, a potential loss is accrued: an benefit is either disproportionate or debt is sustained on a balance sheet date and the magnitude of a loss is reasonably estimatable.
When the calculation is below a given range and there appears to be no better estimation than any other beyond that range, the minimum limit will be applied.
Therefore, it is appropriate to include as liabilities the total sums ($250,000) of the probable promised payout. Once the device is purchased, the retrofitting expenses should be paid, as they greatly boost future computer operation.
Answer:
Bad debt expenses $ 12,080
Allowance for doubtful accounts $ 12,080
Explanation:
Accounts 4% of AR
That is $362,000 x 4% = $14,480 expected allowance.
The current balance = 2400 credit
<u>Journal entry:</u>
Debit Credit
Bad debt expenses [(362,000 x 4%) - 2400] $12,080
$12,080
(To record bad debt expense)
Answer:
Correct option is A 0.144
Explanation:
Financial leverage= (Net non-operating liabilities)/(Net operating assets- Net non-operating liabilities)
= $605/ $4795- $605
= 0.144
Battle Drills involve "a collective action rapidly executed without applying a deliberate decision-making process."
<h3>What do you mean by decision-making process?</h3>
Decision-making is the process of making decisions by identifying a decision, gathering information, and evaluating other decisions.
Battle Drills involves "as a collective action that is carried out quickly without resorting to deliberate decision-making process." They require small orders of leader to carry out and are common throughout the Army.
Consecutive actions are essential to success in fighting or are essential to maintaining health.
Thus, Battle Drills involve "a collective action rapidly executed without applying a deliberate decision-making process."
Learn more about decision-making process here:
brainly.com/question/1249089
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