Answer:
C. $24,000
Explanation:
We assume that the company follows the percentage-of-sales method. In this method, the company ignored the previous balance of allowance for Doubtful Accounts
So, the amount of the adjusting entry to record the estimate of the uncollectible accounts would be
= Net credit sales × estimated percentage given
= $600,000 × 4%
= $24,000
All other information which is given is not relevant. Hence, ignored it
Answer: $20,478.78
Explanation:
In 14 years the investment will be,
Gold
10,000/2 = 5000
Then use the compound interest formula
5000 * (1+0.07)^ 14 = $12,892.67
For Certificates of Deposits.
Use the Compound interest formula
Rate and period are in years. Convert to semi annual basis.
3%/ 2 = 1.5%
14 * 2 = 28 periods
= 5000 ( 1+ 0.015) ^ 28
= $7,586.11
Add both
=$12,892.67 + $7,586.11
= $20,478.78
Answer:
3. Planning, and controlling & evaluation are considered as the two sides of a coin. Discuss why they are considered like this with examples
Explanation:
Answer:
The answer is: Each salesperson will receive $1,250
Explanation:
The total commission for this sales operation is $10,000 that will be split equally between the two brokers, so each broker will get $5,000. If the broker hired a salesperson and will pay him 25% of their commission, you must multiply $5,000 x 25% to find out the salesperson´s earnings. For this sale it is $1,250.