Answer: My business is a dry cleaners. We clean clothes, household items, press shirts, sterilize and anything else our community may need with regard to cleaning apparel
Explanation:
Federated investors has a LOAN , with each mutual fund being managed by several portfolio managers who together take responsibility for the fund's performance.
Answer: $603,500
Explanation:
Ending inventory in 2014;
= Ending inventory balance 2013 + ((
* 100) - ending inventory 2013)) * Price index 2014/100
= 550,000 + ((
) - 550,000)) * 107/100
= $603,500
Answer:
Debit Bad Debts Expense $12,475
Credit Allowance for Doubtful Accounts $12,475
Explanation:
Calculation for estimated bad debts expense:
Explanation
Accounts receivable * Sales uncollectible
$445,000×0.025
=11,125
Hence:
11,125 +Allowance for Doubtful Accounts 1,350
=$12,475
Therefore the estimated bad debt will be:
Debit Bad Debts Expense $12,475
Credit Allowance for Doubtful Accounts $12,475
If your business operates in more than one state or in a large area, it's a good idea to register the trademark with <span>USPTO.</span>