Answer:
$36,900
Explanation:
Brown Company's
Account receivable and related Allowance for doubtful account $2,100 credit
$39,000 receivables uncollectible
Hence:
$39,000 – $2,100
= $36,900
Therefore the necessary adjusting entry would include a credit to the allowance account for: $36,900
Answer:
Option (A) is the correct answer to this question.
Explanation:
The cessation of the Sporty line would forfeit the profits produced by the Sporty line business, but the business (Beautiful Watches) will have to bear the $38,000 fixed expenses involved by Spotify Watches.
However, if production continued, the Sporty watches would have suffered a loss of $32,000. The company will bear fixed costs regardless of whether the company continues or discontinues the Sporty line market.
Accordingly, the gross operating profits should have been
= Total operating expenses - ( $ 38000 - $ 32000)
= $ 55000 - ( $ 38000 - $ 32000)
= $ 55000 - $ 6000
= $ 49000
There is also a fall of $6000 ($55000-$49000) in operating profits.
Other options are incorrect because they are not related to the given scenario.
Answer:
Option C
Explanation:
In simple words, A designated beneficiary , often termed as named beneficiary, refers to a person who is stipulated by a signed legal contract and who has the right to receive money from a fund, insurance fund, pension scheme account, IRA, or some other digital currency. By the point of transaction several designated owners of a single property would share in the profits.
Answer:
Explanation:
1. Start tracking your spending habits.
2.Get on a budget.
3. Re-evaluate your subscriptions.
4. Reduce electricity use.
5.Lower your housing expenses.
6. Consolidate your debt and lower interest rates.
7.Reduce your insurance premiums
8. Eat at home.
