Answer:
Bad debt expense for 2021 as a percent of net credit sales is $79,900
Explanation:
The computation of the bad debt expense is shown below:
= Net credit sales × estimated bad debt percentage
= $4,700,000 × 1.70%
= $79,900
All other information which is given in the question are not related to the bad debt expense as it is an estimated bad debt percentage of the net credit sales Hence, we ignored it
Answer: False
Explanation:
The following statement is false because a human resources managers is not just liable to find the ways in order to minimize the total expenditures on the labor, that also includes the costs that is involved in salaries, wages, benefits, training and recruitment but further aims to integrate, plan and also direct administrative operations of the organization.
<span>A rise in the discount rate cuts the present
value factor and the present value. This is for the reason
that a higher interest rate means you would have to set a
smaller amount aside today to earn a specified amount in the future. A decrease in
the time period increases the present value factor
and increases the present value. In other words, when
you earn more interest, you can capitalize less money today to have the same amount
at a given point in the future.</span>
Answer:
B. commercial banks
Explanation:
The commercial banks meets both the criteria of saving as well as taking loan.