Answer:
$3,355
Explanation:
Accounts receivables = $ 352,000
Debit Allowance for uncollectible accounts = 630
Net Sales = $797,000
The company estimates that 0.5% of net credit sales are uncollectible
Estimates of uncollectible receivables
= 0.5% × $797,000
=$3985
This is the total amount to be recognized at the end of the year as Bad Debts Expense. Since a debit of $630 has been recognized already, additional debit required
= 3985 - 630
= $3,355
The amount to be debited to Bad Debts Expense when the year-end adjusting entry is prepared is $3,355.
Answer:
Option A
is a type of imperfectly competitive market
Explanation:
<em>An oligopoly is a market arrangement where a few number of producer/sellers dominate and control the market. </em>
<em>Usually, in this type of imperfect ,market, firms would always need to collude to increase their prices for their products which are relatively differentiated products</em>
These firm together have a concentration ratio of more than 50% i.e they control more than 50% of the entire market share.
Answer
is a type of imperfectly competitive market
Answer:
Annual depreciation=$188,000
Explanation:
Giving the following information:
Purchasing price= $1,000,000
Salvage value= $60,000
Useful life= 5 years
To calculate the depreciation expense under the straight-line method, we need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (1,000,000 - 60,000)/5
Annual depreciation=$188,000
Answer:
I would save a quarter of it for university, I would pay off and debt then I would invest in shares and donate to charity. also buy a car.
Explanation:
this is a personal based question so it's what you would spend the mil on. this is what I would spend it on.
Answer:
The incremental after-tax cash flows associated with the project
