Answer:
At the end of period the allowance for uncollectible debts will be: 15000-3000 = $ 12000 because 3000 account receivable is written off.
Explanation:
(Opening) Allowance for uncollectible accounts = 3000 (Dr)
During the year company estimates = $ 15000
Entry : Dr Bad debts expense 15000
Cr Allowance for bad debts 15000
( To record uncollectible accounts)
Answer:
She will report an interest income of $1,827 for this year.
Explanation:
The yield to maturity is 6%. However, the interest on the bond is compounded semi-annually. Therefore, we need to calculate the interest income for either semi-annual period and then sum the two incomes.
Interest income for first semi-annual period
= $30,000 x 0.06 x 6/12
= $900
Interest income for second semi-annual period
= ($30,000 + $900) x 0.06 x 6/12
= $30,900 x 0.06 x 6/12
= $927
Interest income for the year
= $900 + $927
= $ 1,827
Most farmers own wells and tube wells on their farms for irrigation to increase their production, which affects the water level. Thus, option B is correct.
<h3 /><h3>Who is a farmer?</h3>
A farmer is someone who does agribusiness and cultivates living things for food or natural goods like crops, cotton, etc.
The farmers would have wells and tube well on the farm because the irrigation to be much at a higher level with water reduces the water level of the ground to a significant amount which would in the future affect the soil plantation as well the soil binding capacities
There will be a large-scale depletion in the water that is present underground. Therefore, option B is the correct option.
Learn more about farmers, here:
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A decrease in agriculture output
B reduction of the water level
C loss of capital
D loss of soil fertility
The Federal Reserve System controls the monetary policy in the United States. They influence short-term interest rates and also determine the size of the money supply. The Federal budget is very hard to balance and <span>has been a concern and is difficult to achieve. The President sends the budget to Congress who must approve it.
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Answer:
$13,000
Explanation:
The computation of the december 31 liability for the warranty is shown below:
Given that
Warranty expense = 5% of sales
Warranty payable = $13,000
Paid amount = $5,000
Sales = $120,000
based on the above information
The warranty liability as on Dec 31 would be equivalent to the warranty payable i.e. $13,000
The same is to be considered
