Answer:
d. $1050.
Explanation:
We multiply each account balance by the expected uncollectible amount and then addd them to get the expected total for doutful accounts
![\left[\begin{array}{cccc}Date&Amount&Expected&uncollectible\\$not due&10000&0.02&200\\$up to 30&5000&0.05&250\\$up to 60&3000&0.1&300\\$more than 61&800&0.5&400\\&&Total&1150\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7DDate%26Amount%26Expected%26uncollectible%5C%5C%24not%20due%2610000%260.02%26200%5C%5C%24up%20to%2030%265000%260.05%26250%5C%5C%24up%20to%2060%263000%260.1%26300%5C%5C%24more%20than%2061%26800%260.5%26400%5C%5C%26%26Total%261150%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Balance of the allowance account: 100
The expense will be the adjustment made on the allowance to get the expected balance of 1,150
1,150 - 100 = 1,050
we increase the allowance bu 1,050 to get our expected uncollectible fro maccounts receivable agaisnt the bad debt expense ofthe period.
Answer:
a motion for summary judgment
Explanation:
An motion for a summary judgement (often referred to as a "MSJ") is an application for the court to decide not because of facts. The side bringing the motion claims that either the case should not be put in front of a jury or a jury can only decide for just the moving faction.
Answer:
$938.82
Explanation:
The present value of the amount $1,150 using different discount rates in year one, two and three shall be determined using following mentioned method:
Present value of $1150 at the end of year 2=$1,150(1+8%)^-1=$1064.81
Present value of $1150 at the end of year 1=$1064.81(1+7%)^-1=
Present value of $1150 at the end of year 0=$995.15(1+6%)^-1=$938.82
Answer: Executive level.
Explanation:
The Executive level decision making are decisions made concerning a company by the management or owners of the company. When making decisions at the highest level in a company there is a high reliance on accurate information sources to enable accurate decisions to be made.
