Answer:
$2,500
Explanation:
Bad debt Expense will be calculated using the percentage of debt loss. The expense will be calculated using the account receivable balance.
Estimated allowance for doubtful accounts = Credit Sales x percentage = $300,000 x 1% = $3,000
Current Balance = $500 credit
As Allowance for Doubtful Accounts already have credit balance of $500, we need to adjust the remainder to make the closing balance of Allowance for Doubtful Accounts $3,000 at the year end.
Adjustment Value = $3,000 - $500 = $2,500
It shows you're trustworthy and banks will be more willing to loan you money
amir would be classified as an on-call worker.
<h3>What is
on-call worker?</h3>
An on-call employee (oproepkracht) works only when you, the employer, summon them. You and your employee have agreed on this. There are various forms of on-call contracts, each with its own set of rules.
An on-call schedule (or on-call shift) is a timetable that guarantees the appropriate person is always accessible, day or night, to respond rapidly to events and outages. On-call doctors in the medical field are expected to respond to medical crises at any moment during their shift.
On call is a vital duty among many IT, developer, support, and operations teams that provide services that customers demand to be available 24 hours a day, seven days a week. Team members rotate via an on-call cycle, providing coverage around the clock or solely during normal business hours.
To know more about on-call worker follow the link:
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Answer:
If a company pays more in dividends than it generates in net income, its retained earnings as reported on the balance sheet will decline from the previous year's balance.
Explanation:
The dividend is shown while preparing the retained earning statement. So, it does not affect the net income.
The highly liquid marketable securities does not show a decline in the current assets
If the long term bonds are issued to purchase fixed assets it would show under the long term liabilities and the long term assets rather than the current assets and the current liabilities
Account receivable are reported in the current assets rather than the current liabilities
We know that
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
If the dividend amount is more than the net income so the ending balance of retained earning will decline than its beginning year balance.
Answer:
<em>An inferior good</em>
<em></em>
Explanation:
<em>An inferior good is a good whose demand decreases with consumer's increase in income</em>. John's increase in pay, that came with his promotion, triggered John to switch to driving everywhere he goes instead of riding the bus. This is because John feels that riding the bus is no longer fit for him, now that he could readily afford driving around in the stead of taking the cheaper bus ride.
