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cupoosta [38]
3 years ago
12

The balance in Allowance for Doubtful Accounts will directly impact the end-of-period adjustment for bad debt expense when using

the a. accrual method b. direct write-off method c. allowance method based on aging the receivables d. declining value method
Business
1 answer:
sergiy2304 [10]3 years ago
8 0

Answer:

<u>C</u>

Explanation:

Because in the aging method, you firstly calculate the aging of the items. And then, in the end of the period, you build the Allowance for Doubtful Accounts estimating the collections that are hard to get the amount of money.

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Mufala, Inc., will issue $10,000,000 of 6% 10-year bonds. The market rate for bonds with similar risk and maturity is 8%. Intere
zubka84 [21]

Answer:

the issue price of the bond is $8,640,999

Explanation:

The computation of the issue price of the bond is shown below:

Particulars                       Amount       PV factor   Present value  

Semi-annual Interest     $300,000     13.59033  $4,077,099  

Principal                         $10,000,000  0.45639  $4,563,900  

Issue price of the bonds                                        $8,640,999

Therefore the issue price of the bond is $8,640,999

4 0
3 years ago
This year Maria works 1,200 hours as a computer consultant, 320 hours in a real estate development business, and 400 hours in re
Gnesinka [82]

Answer:

$ 25000 can be deducted under the exception for real estate

Explanation:

of the $26,000 real estate passive activity loss generated, $ 25000 can be deducted under the exception for real estate. The limit is of special allowance of  $25000.

7 0
2 years ago
You want to purchase a motorcycle 4 years from now, and you plan to save $3,500 per year, beginning immediately. You will make 4
Andreyy89

Answer:

You will have $16,111.99

Explanation:

a) Data and Calculations:

Annual savings $3,500

Years = 4

Interest rate = 5.7%

Future value using finance calculator:

FV (Future Value) $16,111.99

PV (Present Value) $12,907.71

N (Number of Periods) 4.000

I/Y (Interest Rate) 5.700%

PMT (Periodic Payment) $3,500.00

Starting Investment $0.00

Total Principal $14,000.00

Total Interest $2,111.99

b) Your annual savings of $3,500 with 4 deposits will have a future value of $16,111.99 compounded at 5.7% for 4 years with a total principal of $14,000 ($3,500 * 4).

8 0
3 years ago
According to the AD-AS model, if the economy is initially at its long-run potential growth rate, then a temporary increase in th
ivann1987 [24]

Answer:

C:an increase in both the inflation and real growth rates in the short run.

Explanation:

According to the AD-AS model, if the economy is initially at its long-run potential growth rate, then a temporary increase in the growth rate of investment spending will cause an increase in both the inflation and real growth rates in the short run.

8 0
3 years ago
A monopoly has produced a product with a patent for the last few years. The patent is going to expire. What will likely happen t
denis23 [38]

Answer:

Demand for the patent-holder's product will decrease when the patent runs out.

Explanation:

While there is a patent over a product, only the patent-holder's can sell that product. If there is a monopoly it means that that company is the only one that produce and sell this product.

When the patent run out new competitors will enter the business, so the demand on patents holders will decrease.

6 0
3 years ago
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