Answer:
The amount of Bad Debt Expense reported in 2019 was $16,100.
Explanation:
Our concern is mainly on the allowance for doubtful accounts. Based on the facts given in the question, the opening balance of the allowance account was $79,900 credit balance, while the closing balance was $96,000 credit. Since there were no write-offs or recoveries during 2019, the bad debt expense is simply the difference between the closing balance and the opening balance i.e, $96,000 - $79,900 = $16,100.
The journal entries will be:
Debit Bad debt expense $16,100
Credit Allowance for doubtful account $16,100
<em>(To record the bad debt expense for 2019) </em>
I believe it is D. all of the above because the Equal Pay Act of 1963 was supposed to generate equal pay among everybody, The Age Discrimination Act of 1967 was created to prevent CEOs and other people in higher positions from hiring older/ more experienced workers, and the Rehabilitation Act of 1973 was meant to prevent discrimination against people with disabilities in the workplace and when hiring.
Answer:
Marginal cost of eleventh ring tone = $1
Explanation:
Given:
Cost of 10 ringtone = $15
Cost of 11 ringtone = $16
Find:
Marginal cost of eleventh ring tone = ?
Computation:
Marginal cost = change in cost / change in quantity
Marginal cost of eleventh ring tone = change in total cost / change in number of ringtone
Marginal cost of eleventh ring tone = ($16 - $15) / (11 - 10)
Marginal cost of eleventh ring tone = $1 / 1
Marginal cost of eleventh ring tone = $1
Answer:
The correct answer is "Financial forecast"
Explanation:
Financial forecast: "Prospective financial statements that present, to the best of the responsible party's knowledge and belief, a company’s expected financial position, results of operations, and cash flows".