Answer:
Option "C" is the correct answer to the following statement.
Explanation:
The income statement is a type of financial account that shows a firm's profit or loss for a particular period.
An investor wanted to invest in a firm that has higher profitability than the other firm or organization, Income statements help him to know about the profitability of a firm.
- Income statement describes how to profit generated and how much profit or dividend distributed by firm.
Answer:E- Earlier warning of potential problems.
Explanation:Benefits of a good communication are numerous and are listed below:
1- It gives clarity and direction.
2-Effective communication skills provide clear and defined policies. 3-Organizational communication helps organization to be successful. 4- Effective interpersonal communication skills such as listening skills, making eye contact gives boost to your personality.
5- It informs of earlier warnings of potential problems.
Answer:
C. $52,100
Explanation:
Account Receivables On December 31, 2016,
= $53,800
Estimate of receivables that will not be collected is an indication of receivables gone bad.
Such receivables are usually written off the books by Crediting account receivables and debiting bad debit expense.
If it is only probable that the receivables may not be collected, the entries would be credit to allowance for bad debt and a debit to bad debt.
In this instance, the debt will not be collected hence
Debit bad debt expense $1,700
Credit Trade receivables $1,700
Being entries to recognize receivables that will not be collected.
Account receivables adjusted balance = $53,800 - $1,700
= $52,100
Answer:
<h2>
13/25</h2><h2>
0.52</h2><h2>
52%</h2>
Explanation:
13:25 is just a fraction (13/25)
13:25= 0.52 (decimal)
So when you divide 13 by 25, you get 0.52. To make that into a percentage, you just multiply it by 100 (move the decimal over 2 places to the left). That gives you 52%
Answer:
$1,832.6
Explanation:
Data provided in the question:
Cost of merchandise purchased = $2,100
Terms = 2/10, n/30
Cost of the merchandise returned = $230
Now,
The Amount of merchandise actually purchased
= Cost of merchandise purchased - Cost of the merchandise returned
= $2,100 - $230
= $1,870
also,
Amount of discount = 2% of Amount of merchandise actually purchased
= 0.02 × $1,870
= $37.4
Therefore,
The amount of the cash paid on July 8
= Amount of merchandise actually purchased - Amount of discount
= $1,870 - $37.4
= $1,832.6