Ben's job is a Technology Solutions Project Manager. His job is to provide or give consultation on technology related conditions of businesses. He implements it through different projects at hand and ensures that it would help troubleshoot problems and make projects go on smoothly.
Answer:
Estimated Allowance for Uncollectible Accounts $ 17950.
Explanation:
Pearl E. White Orthodontist
Schedule of Accounts Receivable by Age
December 31, 2021
Age Group Amount Estimated Uncollectible
Receivable Percent
Not yet due $ 40,000 4% 1600
0-90 days past due 16,000 20% 3200
91-180 days past due 11,000 25% 2750
More than 180 days past due 13,000 80% 10400
Total $ 80,000 17950
Estimated Allowance for Uncollectible Accounts $ 17950.
The above schedule shows the accounts receivable assigned to one of the four classes based on its days past due . The amounts of each class are multiplied by the estimated percent of the uncollectibles accounts. The total amount in the Uncollectible is the estimated balance for the Allowance for Uncollectible Accounts $ 17950.
Answer:
marketing is the business functions involved in developing and selling products that meet customer's need.
Answer:
C. $3,000
Explanation:
Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.
It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset
Mathematically,
Depreciation = (Cost - Salvage value)/Estimated useful life
Given that On January 1, Year 1, Sophia Company purchased an asset that cost $100,000. The asset had an expected useful life of five years and an estimated salvage value of $20,000,
Annual depreciation
= ($20,000 - $4,000)/8
= $2,000
At the beginning of the 3rd year, the carrying amount of the asset
= $20,000 - 2($2,000)
= $16,000
Since the company revised its estimated total life of 6 years, annual depreciation will be (including year 3)
= ($16,000 - $4,000)/4
= $3,000
