The biggest factor in determining the price of a mortgage is:

LeMans Company produces specialty papers at its Fox Run plant. At the beginning of June, the following information was supplied

sveticcg [70]

Hahahahahwhwnenwjwjwwwwnwiw

8 0

4 years ago

At the beginning of the current period, Kingbird Corp. had balances in Accounts Receivable of $191,500 and in Allowance for Doub

taurus [48]

Answer:

Journal entries

Explanation:

The journal entries are as follows

a. Account receivable $733,600

To sales revenue $733,600

(Being the sales is recorded)

Cash Dr $767,780

To Account receivable $767,780

(Being the collection is recorded)

b. Allowance for doubtful debts $7,149

To Account receivable $7,149

(Being the written off amount is recorded)

c. Account receivable $2,957

To Allowance for doubtful debts $2,957

(Being the previously written off as uncollectible is recorded)

Cash Dr $2,957

To Account receivable $2,957

(Being the recovery is recorded)

d. Bad debt expense $19,742

To Allowance for doubtful debts $19,742

(Being the bad debt expense is recorded)

The computation of the bad debt expense is shown below:

= Opening balance of Allowance for Doubtful Accounts - written off amount + recovery amount - uncollectible amount

= $9,890 - $7,149 + $2,957 - $25,440

= $19,742

4 0

4 years ago

Which of the following is an example of a global strategy? Multiple Choice Consumer electronics companies developing different m

Tasya [4]

Answer:

Starbucks standardizing its products across the United States and other countries

Explanation:

When a company takes a global strategy, it means it is looking forward to competing and expanding itself in the global market. A global strategy represents the strategy and plans that a business implements to expand in other countries to profit more from the goods or services it offers abroad.

6 0

3 years ago

Ellie and linda are equal owners in otter enterprises, a calendar year business. during the current year, otter enterprises has

Sergeeva-Olga [200]

Answer:

Otter Enterprises will be taxed differently depending on what type of business it is. If it is a partnership, LLP, LLC or S corporation, then it is a pass through business, which means it is not taxed directly, instead its owners are taxed directly. If it is a C corporation, then it has to pay corporate taxes and the owners pay income taxes.

Partnership, LLP and LLC: net operating profit = $320,000 - $210,000 = $110,000 + long term capital gains $15,000. Ellie and Linda must each pay income taxes for $55,000 and capital gains taxes for $7,500.
S corporation: The S corporation will pay employer taxes on the $50,000 distributed to Ellie and Linda (owner-employee relationship), and then Ellie and Linda must pay income taxes for the remaining net income and capital gains taxes for the capital gains (similar to a partnership).
C corporation: must pay corporate taxes on its net profits + capital gains, and then Ellie and Linda must pay income taxes for any dividends received. The retained earnings account (what is left after taxes and dividends) is not taxed until dividends are distributed.

3 0

3 years ago

Which song recorded by the paul whiteman band sold 2 million copies and featured the swanee whistle (slide whistle), a novelty t

pashok25 [27]

<span>The song recorded by Paul Whiteman (and his ambassador orchestra) that featured a slide whistle as a novelty to help sell the record was called "Whispering" and was recorded by Whiteman on August 23, 1920.</span>

6 0

3 years ago