The benefits of renting include:<span>Financial flexibility. Think of a ocean liner and a speedboat. ...Financial stability. ...Career flexibility. ...Low maintenance costs. ...No market risk. ...You don't pay taxes or insurance directly. ...No cash outlay required. ...<span>Some bills are included in the rental price</span></span>
<span>When the dollar appreciates relative to foreign currency means that the exchange rate will favor the dollar and cause a decrease in the the price of imported goods. It also means that travel abroad from the U.S. to the relative countries will increase due to lowered costs.</span>
Answer:
The ending balance of Allowance for Bad Debts account is $800
Explanation:
The computation of the ending balance of allowance for bad debt is shown below:
= Credit sales × uncollectible rate
= $40,000 × 2%
= $800
The estimated amount would be considered as an allowance for bad debts i.e $800, So no other amount would be come while computing the ending balance of Allowance for Bad Debts account.
However, the other information which is given in the question is not relevant. Hence, ignored it
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