Organizations that engage in these activities including advocacy and education, are known as <u>Philanthropic organizations. </u>
<h3>What is a philanthropic organization?</h3>
- They are non-profit organizations.
- They champion various causes related to the provision of basic human rights to the less privileged.
The only way they are able to engaged in these causes and programs is by raising funds and they do this through various ways such as receiving charitable donations and engaging in business.
In conclusion, this is a philanthropic organization.
Find out more on philanthropic organizations at brainly.com/question/1362883.
Answer:
$238,600
Explanation:
Firstly, we need to compute the amount of bad debt
= Credit sale × Bad debt expense
= $2,000,000 × 2%
= $40,000
The adjusted balance of allowance will be the addition of unadjusted balance of allowance account and the bad debt expense
= $21,400 + $40,000
= $61,400
The , the balance will be :
Accounts receivables = $300,000
Less: Allowance for doubtful account = ($61,400)
Net realizable value of account receivable = $238,600
Answer: File a financing statement in Montana.
Explanation: A perfected security interest, also known as a perfected lien, is when an asset is protected from claims by other people. This is done by registering the asset byan appropriate statutory figure so that it becomes enforceable legally. This asset is normally mortgaged as collateral.
In order to perfect it's interest in Conestoga wagon, Iowa Bank should improve it's interest by filing a financing statement in a suitable place of legal authority in Montana. Because Wanderlust moved to Montana 5 months later, this must be done within four months of him moving, abiding by Montana's law. Wanderlust will in effect be re-perfecting his interest by doing this.