Answer:
B
Explanation:
Use for business communications only and the disallowing of the transmission of confidential business information are recommended guidelines for Instant messaging
Answer:
This indicates that
d.the company has a net loss of $9,575 for the period.
Explanation:
a) Data and Calculations:
Total debits of the balance sheet (assets) = $28,480
Total credits of the balance sheet (liabilities + equity) = $38,055
Difference (net loss) = $9,575 ($38,055 - $28,480)
b) With the determination of the net loss of $9,575, the two sides (debits and credits) of the balance sheet will equal. This is because the net loss of $9,575 will reduce the credits from $38,055 to $28,480.
Answer:
C) used to record an adjustment to Bad Debt Expense for the year ending December 31, 2021.
Explanation:
Retained earnings account cannot be adjusted after December 31 (or whenever the balance must be done), but bad debt expense can be adjusted, specially if it increases.
Generally a company estimates it bad debt expense, the different methods used to estimate bad debts (allowance, percentage or aging methods) are used more commonly than the direct write-off method. But as every estimate, they can be close to reality or not.
E.g. some companies might have a very important client that represents a large portion of their credit sales, and if suddenly that large client that had always paid on time defaults, that event must be included in the balance sheet since the bad debts expense will increase significantly.
If the average test score of RSM students in the month of September is increased by 10 percent and on the next month another 15 percent. The total percentage of the average score on the test increase during the two months time is around 3.77 percent.
Answer:
($73,000)
Explanation:
The initial investment in year 0 will be arrived at by calculating all the funds required to start the project which includes:
1. The cost of the equipment to be purchased ($55,000) plus
2. All amounts required to put the equipment in a ready-for-use state ($10,000 installation costs)
3. Additional requirements in working capital (current asset increase of $5000 and payables by $3000)
Therefore Year 0 project cash flow is $55,000 + $10,000 + ($5000+$3000)= ($73,000) this total is in bracket because it is a cash outflow.
