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schepotkina [342]
3 years ago
15

PLEASE HELP!

Business
2 answers:
lyudmila [28]3 years ago
8 0

Paralegal - Assist an attorney in research and administrative tasks.

Federal Aid Coordinator - Evaluate student applications for financial aid.

Corrections Officer - Supervise the management of a prison facility.

Verizon [17]3 years ago
6 0

Tiles: Federal aid coordinator, corrections officer, paralegal

Paralegal - Assist an attorney in research and administrative tasks. A paralegal assist the attorney and helps them complete all tasks as asked. A paralegal is an important asset to an attorney because they make sure that everything is complete as an attorneys right hand.

Federal aid coordinator - Evaluate student applications for financial aid. A federal aid coordinator allows students to see what financial help they are entitled to and how they can apply it towards school.

Corrections Officer - Supervise the management of a prison facility. A corrections officer has an important job in managing the safety and security of a prison facility.

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Monty Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $132,800 Allowance for
creativ13 [48]

Answer: The following journal entries apply:

a) Debit Bad debt expense                                    $32,727.6  

  Credit Allowance for doubtful accounts            $32,727.6

b) Debit Bad debt expense                                    $37,017.6  

  Credit Allowance for doubtful accounts            $37,017.6

Explanation: All the sales revenue are on credit to the tune of $806,700, however, there was sales return and allowance of $51,060, which has to be deducted from credit sales to arrive at the net credit sales of $755,640. This amount would be added to the accounts receivable of $132,800 to arrive at the total accounts receivable of $888,440.

a) 4% of $888,440 is $35,537.6. With credit balance of $2,810 in allowance for doubtful accounts, bad debt expense (addition) is $32,727.6  ($35,537.6 - $2,810).

b) 4% of $888,440 is $35,537.6 and there is a debit balance of $1,480 in allowance for doubtful accounts, bad debt expense (to reinstate allowance account to $35,537.6) is $37,017.6 ($35,537.6 + $1,480).

3 0
3 years ago
Coronado Shoes Fool Inc. is involved in litigation regarding a faulty product sold in a prior year. The company has consulted wi
Burka [1]

Answer:

b. No journal entry is required

Explanation:

Given that

Estimated percentage of losing = 40%

Estimated amount = $800,000

By considering the above information, we concluded that

As in the case of the litigation, there is no journal entry is recorded as the possibility of the event is not certain with respect to the entity's economic resources.

Therefore in the given case, the correct option is b.

5 0
3 years ago
What is business?????????????​
Rufina [12.5K]

A business is defined as an organisation or enterprising entity engaged in commercial, industrial,or professional activities.

8 0
3 years ago
Read 2 more answers
Tendonitis is a condition that would most directly involved which two systems
Bess [88]

<span><span>Tendonitis is a condition that would most directly involved with: </span>skeletal system and muscular system.</span> The skeletal system comprises of bones and other connective tissues that give the body its form.It works in unison with the muscular system. The skeletal and muscular systems work together to allow movement.

4 0
3 years ago
Mary traded furniture used in her business to a furniture dealer for some new furniture. Mary originally purchased the furniture
likoan [24]

Answer:

$24,000

Explanation:

From the time an asset is acquired until the time it is sold, an asset experiences a number of events which causes an increase or decrease of its total value. Th adjusted basis of a given asset, takes the base price of an asset and adjusts it for changes in value reflecting enhancements and or depreciation. For instance, a given asset purchased for $100, depreciates by $10 and has an improvement of $60 would have an adjusted basis of $100 - $10 + $60 = $150.

Now when Mary bought her furniture, the adjusted basis was $20,000. At the time of exchange, the fair market value of the furniture is $4,000 whereas Mary also gave $4,000 to the dealer in the transaction. This $4,000 changes the value ans is added to the previous adjusted basis of $20,000.

Mary's adjusted basis in the new furniture after the exchange is:

= $4,000 + $20,000

= $24,000

8 0
3 years ago
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