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timurjin [86]
3 years ago
6

What are the major distinctions between a two year college and a four year college

Business
1 answer:
ziro4ka [17]3 years ago
4 0

2 year college = associates degree you can earn this in community colleges or technical colleges.  4 year degree = bachelors degree this is the highest you can go in college or university therefore is very awarding.

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Reporting Uncollectible Accounts and Accounts Receivable
hjlf

Solution :

                                                         Account          Estimated           Estimated          

                                                         receivable          loss%               bad debts

Current                                              250,000              0.5                     1250

1-30 days of past due                       90,000                 1.0                       900

31-60 days of past due                     20,000                  2.0                     400

61-120 days of past due                    11,000                    5.0                      550

121-180 days of past due                   6,000                    10.0                     600

Over 180 days of past due                4,000                    25.0                   1000

Total account receivable                 381,000                                             4700

a). The amount for the bad debts expense is = 4700 - (4350 - 3830)

                                                                          = 4180

b). Balance in the accounts receivable

     Accounts receivable                                              =   381,000

     Less : allowance for bad debts                             =      - 4180

     Net realizable value of the accounts receivable =  376,820

c).      Bad debts expense

     a).           4180

     Balance: 4180

The allowance for un-collectible account

Beg. Bal   :       4350    

write off   :        3830

a).                     4180

Balance            4700                      

6 0
3 years ago
Brad and Kate received $9,500 for rent from Mike and Janet, who are renting their home in Santa Ana, California. Brad and Kate d
kakasveta [241]

Answer:

c. $8,000

Explanation:

The security deposit is usually refundable and NOT part of the rental income and, therefore, it should be deducted from the total amount received when reporting rental income for the tax year.

Thus, Brad and Kate should report $8,000 as rental income in the current tax year.

7 0
3 years ago
If you fail to provide proof of insurance, your drivers license and license plates will be suspended for up to ______
kupik [55]
It will suspended up to 5 to 10 or years.
3 0
4 years ago
Daichi Inc. is a Japanese software development firm known for its high quality products. Recently, the company held its annual c
strojnjashka [21]

Answer: Merit based plan

                   

Explanation: In a merit based plan, the employer raises the pay of his or her employees on the basis a set criteria. Under this plan, employer takes into consideration the performance of employees in a specified period and take appropriate decision accordingly regarding pay raise.

In the given case, Daichi is providing their employees raise on the basis of their performances.

Hence we can conclude that Daichi is using merit based plan.

6 0
4 years ago
Expenses include all of the following except: Multiple Choice making a payment on account. using supplies. paying for electricit
Nat2105 [25]

Answer:

using supplies

Explanation:

An expense can be described as cost incurred by a company in a bid to earn revenue.

When supplies are used no explicit cost is incurred in the process so it doesn't qualify as an expense.

I hope my answer helps you

6 0
4 years ago
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