Gross accounts receivable 12/31/2020= $16000/ 15% = $106,667
Accounts written off = $16000 - (- $29300) = $45,300
bad debt expense direct method = $45,300
Debt is a duty that calls for one birthday celebration, the debtor, to pay cash or another agreed-upon cost to every other party, the creditor. Debt is a deferred payment, or collection of payments, which differentiates it from a direct purchase. The debt may be owed via a sovereign kingdom or USA, nearby government, business enterprise, or person. Industrial debt is normally concerned to contractual phrases regarding the amount and timing of repayments of major and hobby. Loans, bonds, notes, and mortgages are all sorts of debt. In economic accounting, debt is a kind of financial transaction, as wonderful from fairness. The time period also can be used metaphorically to cowl moral obligations and different interactions no longer based totally on a monetary cost. For instance, in Western cultures, someone who has been helped by using a second person is occasionally said to owe a "debt of gratitude" to the second individual.
Learn more about debt here
brainly.com/question/1957305
#SPJ4
Investment banking<span> and </span>commercial banking<span> are two divisions of the </span>banking
<span>industry that provide substantially </span>different<span> services. </span>Investment banks<span> expedite the purchase and sales of bonds, stocks and other </span>investments<span> and aid companies in making initial public offerings</span>
<span>Savings accounts typically have higher interest rates than checking. You can access your funds easily, too, but savings accounts aren't meant for everyday purchases. In fact, per a federal regulation, you can only take money out of savings six times a month via online banking, among other methods.</span><span>Apr 15, 2016</span>
Answer:
MONOPSONY
Explanation:
Monopsony is a labour market form where a firm is a singe buyer of a kind of labour services. Eg : Primary or only supplier of a kind of job in an area. These are at a priviliged position - wage setting power, more bargaining power with labourers (for wages , employment terms & conditions).
Monopoly is a commodity market structure where firm is the only seller of that good/service, with no close substitutes. Eg - Indian Railways. Perfect Competition is a also a commodity market structure with many buyers & sellers selling homogeneous products at uniform prices.
