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Answer:
Both will save the equal amount of money at the age of 75 years
Explanation:
Given:
Amount saved by Cindy per year = $2,000
Amount saved by Bob each year = $4,000
Now,
Cindy started saving at the age of 25 and till the age of 75
thus,
The total number of years for which Cindy saved = 75 - 25 = 50 years
Therefore,
The total amount saved by the Cindy
= Amount saved each year × Total number of years
= $2,000 × 50
= $100,000
and,
Bob started saving at the age of 50 and till the age of 75
thus,
The total number of years for which Bob saved = 75 - 50 = 25 years
Therefore,
The total amount saved by the Bob
= Amount saved each year × Total number of years
= $4,000 × 25
= $100,000
Hence, Both will save the equal amount of money at the age of 75 years
Answer:
$496,500
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
As such, the debit balance of $11500 in the allowance for doubtful accounts is for debts that have gone bad.
Given that the company estimates that 8% of its outstanding receivables will be uncollectible, this amounts to
= 8% * $6.35 million
= 0.508 million
= $508,000
This amount will be posted as an adjustment at year end to the bad debt expense account (as a debit) and the allowance account (as a credit).
Hence balance in the allowance for doubtful accounts after the year-end adjustment
= $508,000 - $11,500
= $496,500
The correct answer is Journalism
Explanation:
Journalism is one of the careers that most require the use of communicative and research skills. This is because journalists are expected to gather information about important local, national and global events, which requires the use of research skills, and later they are expected to communicate the information precisely, concisely, and confidently, which requires the use of communicative skills. In this context, the career Sam is preparing for is journalism because this is the only one from the options that would require Sam to research and then communicate information confidently.
Answer:
The answers are:
- Seattle´s sales were 34.6% larger than Portland´s
- Portland´s sales were 25.7% smaller than Seattle´s
- Portland´s sales were 74.3% of Seattle´s
Explanation:
To calculate answer 1 you must divide Seattle´s sales over Portland´s sales, then subtract 1, and finally multiply by 100.
= [ ($350,000/260,000) - 1 ] x 100 = 34.6%
To calculate answer 2 you must subtract the result form dividing Portland´s sales over Seattle´s sales from 1, and then multiply by 100.
= [ 1 - ($260,000/350,000) ] x 100 = 25.7%
To calculate answer 3 you must divide Portland´s sales over Seattle´s sales, and then multiply by 100.
= ($260,000/350,000) x 100 = 74.3%