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tiny-mole [99]
3 years ago
6

How does bad debt expense is reported on the income statement?

Business
1 answer:
Tems11 [23]3 years ago
6 0
Answer: Bad debt expenses are generally classified as a sales and general administrative expense.
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What's the present value, when interest rates are 8.0 percent, of a $160 payment made every year forever? (Round your answer to
stepladder [879]

Answer:

The present value, when interest rates are 8.0 percent, of a $160 payment made every year forever is $2,000.

Explanation:

Payments each year = Cash flow = C = $160

Rate of Interest = r = 8% = 0.08

Present value of Perpetuity = Cash flow / rate of return

Present value of Perpetuity = C / r

Present value of Perpetuity = $160 / 0.08

Present value of Perpetuity = $2,000

So, the present value, when interest rates are 8.0 percent, of a $160 payment made every year forever is $2,000.

8 0
3 years ago
The brandenburg family makes $7,000 per month. About $1,800 goes toward taxes and savings. They spend $5,200 on goods and servic
Debora [2.8K]

The money goes toward marketing activities is $2,600

What is the composition of the family spending monthly?

The family's monthly expenditure is made up of taxes and savings, goods and services and the balance is to be spent on marketing activities.

In other words, the amount that goes towards marketing activities is the excess of the family take-home monthly over the amounts spent on taxes and savings and goods and services respectively.

Total earnings monthly=$7000

sum of goods and services and taxes and savings=$1800+$5,200

sum of goods and services and taxes and savings=$7,000

spend on marketing activities=$7000-$7000

spend on marketing activities=$0

However, the principle is that the family should be able slash the amount spent on goods and services by half in order to make money available for marketing activities, hence the amount for marketing is $2,600($5,200*1/2)

Find out more about family expenditure on:brainly.com/question/5502247

#SPJ1

3 0
1 year ago
Which best compares and contrasts Management and Marketing?
sertanlavr [38]

Answer:

hello

takip et beni lütfen

7 0
3 years ago
The percentage of a market which actually buys a specific product from a specific company is referred to as that product's a. ma
lana [24]

Answer:

The correct answer is letter "A": market share.

Explanation:

Market share is calculated by taking a company's sales over a period and dividing it by the total sales of the industry over the same period. This measure is used to give the business and its rivals a general idea of the size of the company regarding its overall sector.

5 0
3 years ago
The bank charged another company's check against our account. This would be included on the bank reconciliation as a(n)?
xxTIMURxx [149]

When bank charged another company's check against our account this would be included on the bank reconciliation as a addition to the balance per books.

A bank reconciliation statement summarizes banking and business activities and reconciles a company's bank accounts and its financial records. A bank reconciliation statement confirms that the payment has been processed and the cash collection has been credited to your bank account.

Withdraw an outstanding check. This will give you a reconciled bank balance. Then, use the cash balance at the end of the business to add up the interest earned and any outstanding bills. Deduct all bank charges, penalties and NSF checks.

Procedures for verifying the accuracy of both company bank statements and cash accounts. - Must be completed at the end of each month. A common cause of differences between the bank's ending balance and the cash book's ending balance.

Learn more about reconciliation at

brainly.com/question/15525383

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5 0
1 year ago
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