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Stella [2.4K]
3 years ago
5

The following information relates to a company’s accounts receivable:

Business
1 answer:
notka56 [123]3 years ago
6 0

Answer:

1. $31,000

2. $40,000

Explanation:

1. Computation of bad debt expenses for the year

Bad debt expenses = Credit sales × Bad debts expenses

= $1,550,000 × 2%

= $31,000

2. Computation of year end balance

Year end balance = Beginning balance + Bad debt expense - Written off

= $31,000 + $31,000 - $22,000

= $40,000

Therefore for computing the bad debt expenses and year end balance we simply applied the above formula.

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Which of the following is a coverage that is broad because it can cover personal as well as commercial entities
Rom4ik [11]

<u>Specialized Coverage</u>  is a coverage that is broad because it can cover personal as well as commercial entities.

A commercial is an advertisement for a business. Commercial activity is selling goods or services for profit. There's also commercial trading in the forward and futures markets, generally done for heading purposes.

Commercial is defined as a paid advertisement. An example of a commercial is an advertisement for soda or cereal. Commercial use is a legal term that defines the use of certain merchandise, tools or intellectual property for financial gain.

A business can use anything labeled for commercial use for its purposes, including resale, production of other goods and tools, and marketing. Commercial means involving or relating to the buying and selling of goods. In its heyday, the city was a major center of industrial and commercial activity.

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2 years ago
If menu costs were​ eliminated, the​ short-run aggregate supply curve will be
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The supply curve would be upward sloping. Menu prices have been decreasing over the years because so many people can find the menu on the internet. Due to this, the demand is decreasing for printed menus. 
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3 years ago
_____ _____ is a way to see if your product is meeting the needs of your customers.
Inga [223]
I believe it’s solicit feedback
8 0
3 years ago
Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce Lawyers Association (ADLA), a pr
svetoff [14.1K]

Answer:

C) 19 years

Explanation:

We must determine the net present value of the annual payments in a similar way to calculating the present value of annuities. We can use an excel spreadsheet and the present value formula with a 5.9% interest rate and then subtract the lifetime fee ($7,000):

Present value 14 years = $6,079 - $7,000 = -$921

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3 years ago
Which stage of the funding life cycle would be most closely associated with funding amounts below $50,000
ch4aika [34]

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Explanation:

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5 0
3 years ago
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