Answer:
I believe your answer would be D, a deadly factory fire.
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Answer:
The answer is $80,000
Explanation:
Permanent earnings are permanent. They are constant. They do not change in the nearest future.
Variables to consider in this question are:
Sales revenue - $860,000
Selling expense - $250,000
Interest expense - $10,000
Cost of goods sold - $520,000
Gross profit is Sales - cost of sales (cost of good sold) =
$860,000 - $520,000
=$340,000
Permanent Earnings = Gross profit -Selling expense - interest Expense
$340,000 - $250,000 - $10,000
=$80,000
The probability is 40%. You have a 40 people out of 100 that are male and gave favourable responses.
DEBIT TO ALLOWANCE for Doubtful Accounts and a credit to Accounts Receivable.
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When a specific customer's account is identified as uncollectible, it is written off against the balance in the allowance for bad debts account.
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