Answer: The amount of bad debt expense the company would record would be $3,470.
Explanation: Bad debt expense is an estimate of accounts receivable that is deemed as uncollectible while allowance for doubtful accounts is a balance sheet allowance account that warehouses the total balance of accounts receivable that is deemed irrecoverable.
In this scenario, Simple Co. estimated, using the aging method, that the allowance for doubtful accounts is $3,800. However, it had a credit balance of $330 in the same account. The reinstate the allowance account to $3,800, $3,470 has to be adjusted for by debiting bad debt expense and crediting allowance for doubtful account.
Answer:
less than zero
Explanation:
According to the law of demand, an increase in price reflects in a decrease in demad. That is, price and demand are inversely proportional. Since ax is associated with the price of good X, it must be negative to accurately describe that behavior in the demand function.
Thus, ax will be: less than zero.
Answer:
lessen the effect of exchange rate changes by sourcing from where input costs are low
Explanation:
Answer:
The answer is False
Explanation:
Since the 70 percent of preferred dividends received by a company is excluded from taxable income, the component cost of equity for a corporation which pays half of its revenue out as a common dividends and half as preferred dividends should ,technically be.
Based on the principle of formality, the correct answer goes:
- The effective time and date of the transfertransfertransfertransfer
<h3>Command of transfer</h3>
When command is transferred, then all personnel with a need to know should be told: The effective time and date of the transfer.
In conclusion, we can conclude that the correct answer is as informing about effective time and date.
Learn more about transferring officer here: brainly.com/question/10721205
