Answer:
a. is $10,400
Explanation:
The adjusting entry is as follows:
bad debt expense Dr ($950,000 × 1% + $900) $10,400
To Allowance for doubtful debts $10,400
(Being bad debt expense is recorded)
here the bad debt expense is debited as it increased the assets and credited the allowance for doubtful debt is credited as it decreased the assets
Therefore the correct option is a.
Christmas is most successful
the second is Halloween
(I hope it helps ! )
Answer:
on credit.
Explanation:
A company's cash flow statement does not show the company's net income, since it only recognizes cash sales and cash expenses, while it ignores sales on credit and expenses on credit, e.g. accounts receivable and accounts payable.
Depending on the industry that the company operates in, this may result in huge differences, e.g. a car dealer that sells through its own system of car loans vs. a retail store that sells everything on cash or through credit card payments.
The main purpose of a cash statement is to show how well a company manages its cash position.
Mobile payment or mobile money transfer is where a transaction is paid via a smart phone.
A corn farmer is considered a free rider if he chooses not to join the national interest group his fellow farmers created, yet still reaps the benefits of the tax incentives the group lobbied for and won.
The free rider problem is an economic concept of a market failure that occurs when people or individuals are benefiting from resources, goods or services that they do not pay for. In our case, the corn farmer is benefiting from the tax incentives the group lobbied for, yet he or she made zero input or effort to contribute to the groups agenda in getting tax incentives. <span />
