Answer:
The adjusted balance is equal to the estimate of the uncollectible accounts receivable.
Explanation:
Receivable in economics is simply whenbusiness sells goods or services to another party on account usually on credit. It is also known as a monetary claim usually against a business or an individual.
Accounts receivable
Is simply defined as the power to the right to receive cash in the future from customers for goods or services performed. They can be called claim of right, exchange consideration, and a claim for the future.
The supplementary record that contains information on each customer is the accounts receivable ledger.
The goal for the accounts receivable methods is to adjust the Allowance for Doubtful Accounts balance making the adjusted balance is equal to the estimate of the uncollectible accounts receivable.
Answer:
ethical
Explanation:
Based on the information provided within the question it can be said that the companies who do this are not operating at an ethical responsibility level with regards to the pyramid of corporate social responsibility. This is mainly because they know that their products are causing lasting negative effects on the individuals who they are marketing too and still continue to do so in order to make a profit, this is nowhere near being ethical.
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Answer and Explanation:
The journal entry to record the issuance of the preferred stock is shown below:
Cash (8,000 shares × $111) $888,000
To Preferred stock (8,000 × $108) $864,000
To Paid in capital in excess of par - Preferred stock $24,000
(Being the issuance of the preferred stock is recorded)
For recording this we debited the cash as it increased the assets and credited the preferred stock and paid in capital as it also increased the stockholder equity
Answer:
$11,728.85
Explanation:
the future value of the annuity = $112,000
number of periods = 8 semiannual payments
interest rate = 10% compounded semiannually = 5%
future value = payment x FV annuity factor
FV annuity factor 5%, 8 periods = 9.5491
payment = $112,000 / 9.5491 = $11,728.85