Answer:
A
Explanation:
accountants estimate the amount of a company's uncollectible accounts expense by following methods
-consider new circumstances that are anticipated to be experienced in the future,
-compute as a percentage of credit sales,
-and/or consult with trade association and business associates
All of these choices are correct.
Answer: Having one telephone number.
Explanation:
The help desk of an organization is a department in an organization that has the duty of attending to customers challenge and giving them technical assistance on the product/service of that organization.
The help desk workers, work with anonymity and are not expected to give out their details to customers.
Therefore the help desk workers are not allowed to give out their personal to customers.
Answer:
$50,000
Explanation:
Calculation to determine the amount of the loss on sale of receivables that CarsRUs would recognize at the sale of its receivables
Using this formula
Loss on sale of receivables=[(Recourse Accounts receivable*Finance fee charges)+Estimated recourse liability]
Let plug in the formula
Loss on sale of receivables=(3%*$800,000)+$26,000
Loss on sale of receivables=$24,000+$26,000
Loss on sale of receivables=$50,000
Therefore the amount of the loss on sale of receivables that CarsRUs would recognize at the sale of its receivables will be $50,000
Answer:
C) $1000
Explanation:
First lets calculate the cumulative preferred stock dividend for 2 years
(1000 * 10 ) * 5% = 500 / year
so for 2 years = $1000 since it is cumulative and not paid in one year is added to next year.
Total dividend payable = $2000
so for common stock whatever is left over is paid thus,
Common stock share = Total - Preferred cumulative = 2000 - 1000 = $1000
Hope that helps.
Answer:
1) If they both consume the same amount of goods (rice and beans), and their price increased by 100%, then the inflation rate is 100%.
- old price of beans = $1, new price $2, inflation rate 100%
- old price of rice = $4, new price $8, inflation rate 100%
The inflation rate measures the change in the general price level of an economy during a certain period of time, in this case during a year from 2016 to 2017.
2) Indicate whether Gilberto and Juanita were better off, worse off, or unaffected by the changes in prices.
Since Gilberto produces beans and Juanita produces rice, and the price of both of their products increase equally (100%), then the inflation rate will not affect them. Their consumption levels also remain the same, no one decided to consume more of one product and less of the other.