Answer:
$8,870
Explanation:
Calculation to determine the balance in the allowance for doubtful accounts after bad debt expense is recorded
Using this formula
Balance in the allowance for doubtful accounts=
(Credit sales* Percentage of Credit sales)+Allowance for doubtful accounts credit balance
Let plug in the formula
Balance in the allowance for doubtful accounts= ($458,000*1.5%)+$2,000
Balance in the allowance for doubtful accounts=$6,870+$2,000
Balance in the allowance for doubtful accounts=$8,870
Therefore the balance in the allowance for doubtful accounts after bad debt expense is recorded will be $8,870
Answer:
d. marketable bank-issued time deposit that specifies the interest rate earned and a fixed maturity date.
Explanation:
A bank certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.
Generally, a certificate of deposit pays a higher interest rate to its holder than the regular savings account because the banks invest the money in a business.
Additionally, the bank certificate of deposit is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000.
A negotiable certificate of deposit (NCD) can be defined as a type of certificate of deposit (CD) that has a minimum face (par) value of $100,000 and can't be redeemed before its maturity date i.e it doesn't allow the holder to withdraw money until the pre-determined date.
This ultimately implies that, a negotiable certificate of deposit (NCD) is a marketable bank-issued time deposit that specifies the interest rate earned (interest-bearing time deposits) and a fixed maturity date.
Answer:
Painter
Explanation:
He is creative and active work environment can be in nature for a painter
Race, religion, type of dwelling, gender, brand last purchased, and buyer/nonbuyer are examples of <u>nominal measures</u>.
The nominal level of dimension is the least particular and informative, as it handiest names the 'characteristic' or 'identity' we're involved. In different phrases, in nominal variables, the numerical values simply "name" the characteristic uniquely. In this situation, the numerical value is truly a label.
Dwelling type refers back to the kind of living quarters in which a person resides. In general phrases, a dwelling is described as a set of dwelling quarters. forms of living are recognized in the Census, collective dwellings and private dwellings.
A brand is an intangible marketing or enterprise concept that enables people to become aware of an agency, product, or man or woman. Human beings regularly confuse brands with such things as trademarks, slogans, or different recognizable marks, that are advertising and marketing equipment that help sell items and services.
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