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Juliette [100K]
3 years ago
13

__________ is money a business has left after expenses.

Business
1 answer:
tatyana61 [14]3 years ago
8 0
I believe it is <span>b. profit 
</span>
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During 2004, ABC Company had $750,000 of net credit sales. Accounts Receivable had a December 31, 2004, balance of $250,000.
eimsori [14]

Answer:

c. $24,500

Explanation:

The allowance for doubtful accounts is a contra-asset account that records the amount of receivables expected to be uncollectiblea, makes a reduction of the total amount of accounts receivable appearing on a company’s balance sheet. There are two way to estimate uncollectible accounts: the percentage of sales method and the accounts receivable aging method.

ABC Company uses the percentage of sales method - application a flat percentage to the total amount of net credit sales for the period.

Estimated uncollectible = 3% x $750,000 = $22,500

The company establishes an allowance for doubtful accounts for $22,500 while simultaneously reporting $22,500 in bad debt expense.

Before adjusting on December 31, 2004, the Allowance for Doubtful Accounts had a credit balance of $2,000.

The balance in the allowance for doubtful accounts after adjustment is $22,500 + $2,000 = $24,500

8 0
3 years ago
TropiKana​ Inc., a U.S​ firm, has just borrowed euro​ 1,000,000 to make improvements to an Italian fruit plantation and processi
marta [7]

Answer:

$74,250  

Explanation:

The computation of interest pay at the end of the first year is given below:-

Interest pay at the end of the first year = Borrowed Euro × Euro at the time of loan × Interest rate per year

= 1,000,000 euro × $1.35/euro × 5.50%

= $74,250  

Therefore for computing the interest pay at the end of the first year we simply multiplied the borrowed euro, euro at the time of loan and interest rate per year.

3 0
3 years ago
In a process costing​ system, A. ​work-in-process inventory employs one general ledger account with a subsidiary ledger. B. cost
Kay [80]

Answer:

I think it would be a for the answer

5 0
3 years ago
GNP measures:Select one:a. the same things as GDP, but also includes financial assets.b. production by U.S. citizens wherever th
SCORPION-xisa [38]

Answer:

The correct answer is letter "B": production by U.S. citizens wherever they work in the world.

Explanation:

Gross National Product or GNP is one of a range of indicators economists use to calculate the economic output of a country. GNP is the market value of all goods and services produced by a country's citizens for one year, whether those goods were manufactured inside the country or produced elsewhere.

8 0
3 years ago
If the required rate of return on a bond (rd) is greater than its coupon interest rate and will remain above that rate, then the
Blizzard [7]

Answer:

a. True

Explanation:

Answer this question using YTM, coupon rate, price and par value relationship/rules.

If YTM > coupon rate, then Price < Par value

If YTM < coupon rate, then Price > Par value

If YTM = coupon rate, then Price = Par value

In this case, the assumption is that YTM > coupon rate, hence based on the above rules, the Price or market value of the bond will be < Par value. This makes the statement true.

6 0
3 years ago
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