This action could have been caused by writing off an uncollectible account.
A write-off can be described as the removal of an accounts receivable that cannot be collected which was put in the general ledger.
If an account is uncollectible, then it means that the amount that would not be collected would be eliminated. It also means that a previous allowance balance is going to get reduced.
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Answer:
The correct answer is letter "B": Establishing relevant facts, evaluating the reasonableness of assumptions and representations, and arriving at a conclusion supported by the law and facts in a tax memorandum.
Explanation:
Among the best practices that tax advisers are committed to we can find defining the facts, deciding that facts are particular, evaluating the rationality of any conclusions or interpretations, applying the applicable law to the particular facts, and reaching a conclusion informed by law and evidence.
Answer: Company philanthropy
Explanation:
According to the given question, the company philanthropy is one of the concept that helps in promoting the corporate business for the welfare for generating the charitable donation in the non-profit organization.
The home-bound is one of the type of home decor firm that annually denoting the blankets to the various types of charitable trust or organization and this gesture is basically refers to the company philanthropy.
The philanthropy companies basically donating the various types of asset to the non-profit organizations for providing the services for helping the poor people.
Therefore, Company philanthropy is the correct answer.
Answer:
Telltale signals indicating a readiness to buy include questions , financial negotiation, and counteroffers answers
Explanation:
The closing stage of a business is the last stage of closing out a sales process after going through the approach , discovery,presentation and handling objection stages
At this point , every effort has been made to convince a potential client in buying the offered product and a response is keenly expected from him .The benefits of the purchase can still be reassured to him in a closing remark with with powerful words of conviction.
At this point , the seller should look out for the telltales signal of purchase in order to determine his next line of action.
Answer:
$113,000
Explanation:
As we know ,
Working capital = Total current assets - total current liabilities
where,
Total current assets = Accounts receivable + cash + inventory + marketable securities + prepaid expenses
= $35,000 + $25,000 + $72,000 + $36,000 + $2,000
= $170,000
And, the total current liabilities = Accounts payable + accrued liabilities + short term notes payable
= $30,000 + $7,000 + $20,000
= $57,000
Now put the values to the above formula
So, the value would be equal to
= $170,000 - $57,000
= $113,000
