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vampirchik [111]
3 years ago
9

Pickard company pays its sales staff a base salary of $5,200 a month plus a $2.80 commission for each product sold. if a salespe

rson sells 580 units of product in january, the employee would be paid:
Business
1 answer:
alexdok [17]3 years ago
8 0
$6824.00...multiply 2.80 by 580=1624.00$ + 5200.00= 6824.00$
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Delta Services, Inc., is the major wholesale distributor of software in the state of Florida. Its closest competitor is Efficien
nata0808 [166]

Answer:

Market division

Explanation:

Basically this is Dividing territories (also market division) which is an agreement by two companies to stay out of each other's way and reduce competition in the agreed-upon territories.

In our case, Delta stays out fo Efficient's way and the latter does the same.

5 0
3 years ago
What are 3 examples of things that may be built with Municipal bonds?
Troyanec [42]

Answer:

hospitals, highways, schools

Explanation:

A municipal bond is a type of debt security made by government entities in order to finance <em>capex </em>(capital expenditures), mainly for the construction of hospitals, highways, schools.

They represent loans that investors give to such government entities and they are usually exempt from the usual taxes on building such things.

7 0
2 years ago
You invest $3,000. You have speculated that you will earn an average of 7% on your initial investment each year. What do you exp
Ghella [55]

Answer: $5,901

Explanation:

7 0
3 years ago
on january 1 year 1 abc merchandising company was started the company experienced the following events during the first year of
Alik [6]

Answer: $390

Explanation:

Revenue for a merchandising business is realized when the business sells some of its goods to customers. This can either be in cash or on account which would mean that the customer did not pay cash but now owes them.

The business sold merchandise costing $350 for $390 on account so this is the amount that they will recognize as revenue.

6 0
3 years ago
Upon completing an aging analysis of accounts receivable, the accountant for Rosco Works prepared and aging of accounts receivab
cestrela7 [59]

Answer:

Bad debt expense          $ 5,400  

Accounts Receivable  $ 5,400

Explanation:

To register to amount of bad debt expenses we need to consider the current balance of the Allowance for Uncollectible Accounts.

With the indirect method of write off we have to shows the total estimated balance in the Allowance for Uncollectible Accounts, in this case $5,000.

As we have a debit balance we have to compensate that amount and show a credit balance equal to the estimated amount.  

Estimated Uncollectible $ 5,000  

Initial Balance  

Dr Accounts Receivable                                  $ 98,000  

Dr Allowance for Uncollectible Accounts  $ 400

 

What is the amount of bad debt expense?  

Bad debt expense          $ 5,400  

Accounts Receivable  $ 5,400

 

Final Balance  

Dr Accounts Receivable                                $ 98,000  

Cr Allowance for Uncollectible Accounts  $ 5,000

Bad accounts are those credits granted by the company and there is no possibility of being charged. When customers buy products on credit but the company cannot collect the debt, then it is necessary to cancel the unpaid invoice as uncollectible.          

         

"One way is to directly cancel bad debts at the time it was decided that the credit is bad, the total amount is reported as bad debt expenses that negatively affect the income statement and accounts receivable are reduced by the same amount, less assets."          

The other way is to determine a percentage of the total amount of accounts receivable as bad debts, there are many ways to analyze accounts receivable and calculate the value of bad debts.          

When the company has the percentage of uncollectible accounts, the required journal entry is Bad Expenses (debit) with Reserve for Bad Accounts (credit).          

At the time of cancellation, since the expenses were previously recognized, we only use the Provision for bad accounts (debit) with accounts receivable (credit), with this we are recognizing the bad credit of the company.          

3 0
3 years ago
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