Every decision you make is an economic decision because you're choosing how to use your

At the beginning of the current period, Swifty Corporation had balances in Accounts Receivable of $195,100 and in Allowance for

expeople1 [14]

Answer:

accounts receivables 745,500 debit

sales revenues 745,500 credit

allowance for uncollectible account 7,831 debit

accounts receivables 7,831 credit

accounts receivables 3,184 debit

allowance for uncollectible account 3,184 credit

cash 3,184 debit

accounts receivables 3,184 credit

bad debt expense 19,397 debit

allowance for uncollectible account 19,397 credit

Explanation:

during the year trasanctions

When the accounts are wrote-off the company decreases teh allowance it doesn't recognize an expense in that moment.

If an account is recovery then is the reverse entry as a write-off for the amount we recover. Then, we post the entry like it was a normal collection.

Year-end adjustment:

allowance adjusting entry amount:

estimated allowance - current balance = bad debt expense

estimated 24,100 - (beginning 9,350 - 7,831 wrote-off + 3,184 recovery)

24,100 - 4,703 = 19,397

5 0

4 years ago

The first concern of a caterer is the _______ of an event. A. guests. B. budget. C. food. D. theme.

trapecia [35]

The first concern is 'budget'.

The caterer would need to know how much or what kind of what they could or could not afford, and the other points are details that would probably come later.

I hope this helps!
~cupcake

7 0

3 years ago

Suppose Maria prefers to buy a bond with a 7% expected return and 2% standard deviation of its expected return, while Jennife

Naily [24]

Answer:

Maria is more risk-averse

Explanation:

By nature this question can be seeing as a coutien between the risk (standard deviation) and return so let's check the following formula:

Return per risk unit= return/standard deviation

So applying that formula to this particular case we have:

Maria's case=0.07/0.02

Maria's case=3.5

Jennifer's case=0.04/0.01

Jennifer's case=4

So the conclusion here is that even Maria has a higher standard deviation her risk per return is less than jennifer

8 0

4 years ago

A full summary of all consecutive grants, conveyances, wills, records, and judicial proceedings affecting title to a specific pa

Bad White [126]

Answer:

B) Abstract and opinion.

Explanation:

Abstract and opinion can also be call Abstract of title:

this is the records or evidence of the full history of the property from the conveyance,wills, legal backing, and the list of those people that as assume ownership of the property for a particular period of time.

A full summary of all consecutive grants, conveyances, wills, records, and judicial proceedings affecting title to a specific parcel of real estate, together with a statement of all recorded liens and encumbrances affecting the property and their present status, but not including encroachments and forgeries, is known as a Abstract of Title or Abstract and opinion.

6 0

3 years ago

Marvin, the vice president of Lavender, Inc., exercises a stock option to purchase 100 shares of stock in March 2020. The stock

Naily [24]

Answer:

None of the answer is correct.

Explanation:

When Marvin purchase stock in March 2020 at a price of $28. The exercise price for the stock is $20. When Marvin will sell the stock at the exercise price he will gain on the sale of the stock. AMT is the difference or spread between the stock exercise price and its underlying fair market value.

7 0

3 years ago