Answer:
The answer is increasing the saving rate
Explanation:
Increasing the saving rate.
Answer:
New Long term debt = $8000
Explanation:
The computation of the net new long term debt is given below:
Sales $750000
Less: Expenses:
COGS -$540,000
Selling expenses -$85,000
Depreciation -$190,000
Interest- $65,000
Total Expenses -$880,000
Net Loss -$130,000
Add: Non- cash expense ie. Depreciation +$190,000
Net Cash flow $60,000
Less: Cash Dividend declared -$68,000
New Long term debt = $8000
Answer:
It's A) High school athletes stop shopping there and B) The inventory of sports socks goes unsold
Answer:
who knows??
Explanation:
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Answer:
Debit to bad debt expense for $3,648
Explanation:
This is because the company needs to show the total amount in the Allowance for doubtful accounts as credit balance. It means that if for instance the balance today is $1,057 you'll need a new entry to adjust the balance with the bad debt.
It means that the entry must be a debit in bad debt expense for $3,648 while the corresponding credit goes to allowance for doubtful accounts.
