Answer:
Given that,
Credit balance of allowance for uncollectible accounts = $2,700
Future uncollectible = $13,500
We need to deduct the credit balance from the amount of future uncollectible.
Bad debt expense:
= Future uncollectible - Credit balance of allowance for uncollectible accounts
= $13,500 - $2,700
= $10,800
Therefore, the journal entry is as follows:
Bad debt expense A/c Dr. $10,800
To allowance for doubtful debts $10,800
(To record the allowance for uncollectible accounts)
Answer:
Current yield=5.74%
Explanation:
Calculation for the current yield for these bonds
Current yield = (.055× $2,000)/$1,917.12
Current yield =$110/$1,917.12
Current yield=0.0574*100
Current yield=5.74%
Therefore the current yield for these bonds will be 5.74%
Vertical marketing systems are professionally managed and centrally coordinated marketing channels that are designed to achieve channel savings and maximize marketing impact.
<h3 /><h3>How do vertical marketing systems work?</h3>
The distribution channel system is organized and structured, where there is the integration and collaboration of wholesalers and retailers to increase the quality and speed with which the product reaches the end customer.
Therefore, this is a strategy implemented to generate value for the consumer, competitiveness and market positioning.
Find out more about Vertical marketing systems here:
brainly.com/question/6641095
Answer:
2. Credit equipment $100,000
3. Debit accumulated depreciation $60,000
Explanation:
When a company trades with another pieces of equipment gain or losses are recognized when there is commercia lsubstance. If not, then the trade-in equipment is posted as the net book value of the old equipment
In both cases, the old equipment is write-off thus:
credit equipment for 100,000
and debit accumualted overhead for 60,000
Now, we look at the option that matches this. The information about the new assets is insuficient as we aren't given information about whether or not thre is commercial substance
Answer:
employee training; protection for workers from potential hazards; and communication about hazardous accidents, should they occur.
Explanation:
