Answer: $4,811
Explanation:
Assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible that would be,
= 6% * 98,700
= $5,922
The Allowance for Doubtful Accounts acts as a buffer for the business when bad debts are incurred.
Bad debts are taken from the Allowance as the Allowance has already been removed from the Receivables.
In cases where Bad debts exceed the buffer in the Allowance for Doubtful Debt Account we take everything in it and the remaining bad debt amount is debited to Bad Debt expense.
That would be,
= 5,922 - 1,111
= $4,811
$4,811 is the amount that should be debited to Bad Debts Expense.
E.) Opportunity cost is the cost associated with giving up one opportunity for the benefit earned by another.
Cheap labor force...American businesses can save a substantial amount if they outsource.
The trial balances of the Cobras Incorporated as of the given date and position will tally a balance of $62,400.
<h3>What is a trial balance?</h3>
A table that contains all the debit and credit balances from all the ledger books of accounts of a business organization as on a given date is known as the trial balance of such organization.
The trial balance has been attached in the image for better understanding of the concept for the learners. Please refer to the same for more insights.
Hence, the concept of trial balance has been explained above.
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Answer:
1) Minimum wage is the base pay, or lowest pay, an employee can get without commission
2) social security is any government system that provides monetary assistance to ppl with an inadequate, or nonexistent income
3) 2037
4) hourly pay is an income that gets paid by the amount of time you were in work, and not how much you worked, if u spent more time working, u get paid more
salary pay is when an employee has a set pay that does not fluctuate
6) an addition to employees on top of their base salary
Explanation:
