Answer: Plan your financial future in 5 steps
Step 1: Assess your financial foothold. ...
Step 2: Define your financial goals. ...
Step 3: Research financial strategies. ...
Step 4: Put your financial plan into action. ...
Step 5: Monitor and evolve your financial plan.
Explanation:
Answer:
See below
Explanation:
Given the above information, Shelton should report the account receivable at a net amount as computed below;
= Accounts receivables - Allowance for doubtful account
Accounts receivables = $140,000
Allowance for doubtful account = $7,200
= $140,000 - $7,200
= $132,800
Therefore, account receivables at a net amount is $132,800
Answer:
Annual depreciation= $8,760
Explanation:
Giving the following information:
Avalon Industries buys equipment for $50,000, expects to use it for Five years, and then sell it for $6,200.
We need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (50,000 - 6,200)/5= $8,760
True, because you don't everyone good at the same thing. For example, if you want to make a car, you don't want everyone to just know how to build doors.