Tanyika needs a loan to buy furniture for her house. she can get a loan from all the following except:

Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $57000. If the b

just olya [345]

Answer:

The balance after adjustment is $57,000

Explanation:

Bad debt expense is the company's expense due to the inablity if it's debtor to pay their owed amount. Bad debts expense is also referred to as uncollectible accounts expense. The estimated estimated uncollectible accounts given in the question is $57,000. So the balance after adjustment of the allowance for doubtful accounts would be $57,000 debit.

4 0

3 years ago

The beginning balance in the Lopez, Capital account of a company was $ 13 comma 000. The revenues and expenses were $ 220 comma

blondinia [14]

Answer:

a. True

Explanation:

The capital account of a soul proprietor is similar to the equity account of a company. It shows how much the business owes the owner.

This includes the amount invested and net income over the years posted as part of the retained earnings.

Net income is the difference between the total revenue and total expenses.

Net income = $220,000 - $150,000

= $70,000

Net balance in capital account = $13,000 + $70,000

= $83,000

4 0

3 years ago

A group of friends decided to divide the $800 cost of a trip equally among themselves. when two of the friends decided not to go

s344n2d4d5 [400]

Total cost for the trip = $800.

Let x = original number of friends.
Therefore the equally shared cost of the trip for each friend is $800/x.

After 2 friends drop out, the cost for each friend increases to $800/(x-2).
The increase in cost for each remaining friend is $20, therefore
$\frac{800}{x-2} - \frac{800}{x} =20$
Divide through by 20.
$\frac{40}{x-2} - \frac{40}{x} =1\\ \\\frac{40x-40(x-2)}{x(x-2)} =1 \\ \\ \frac{80}{x(x-2)} =1$
Cross multiply.
x(x - 2) = 80
x² - 2x - 80 = 0
(x + 8)(x - 10) = 0
x = -8 or 10
Reject x = -8 because we cannot have a negative number for friends.
x = 10

Answer: There were 10 friends in the original group.

6 0

3 years ago

A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents.

lisov135 [29]

D) All of the above because they all go through a process called “transferring” which means connecting to someone else’s device through WiFi and transferring payments through there.

7 0

3 years ago

Calculate how much you would have in 25 years if you saved $3,000 a year at an annual rate of 9 percent with the company contrib

BaLLatris [955]

Answer:

the amount have in 25 years is $317,628

Explanation:

The computation of the amount have in 25 years is shown below:

PMT = Payment saved per year

= $3,000 + $750

= $3,750.00

N = Periods of payment = 25 years

R = Rate = 9%

Now the formula is

FV = (PMT × ((1 + R)^N-1) ÷ (R)

= $3,750 × ((1 + 9%)^25-1) ÷ (9%)

= $317,628

Hence, the amount have in 25 years is $317,628

8 0

3 years ago