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3 years ago

1. Dividends are paid out of profits, and:

Business

2 answers:

MrRa [10]3 years ago

7 0

Hello!

1. Dividends are paid out of profits, and: A. Dividend paymenyts must be approved by the firm's board of directors.

2. Which of the following statements is true about financial planning? D. You must always consider the tax consequences of selling your investments.

Mashutka [201]3 years ago

6 0

Dividends are paid out of profits, and acording to the basic rules of personal finance dividends are usually paid twice a year.
What about the next one, the answer is D. You must always consider the tax consequences of selling your investments. because inancial planner has to adept such fields.

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Johnson Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a

Fofino [41]

Answer:

1. $67,500

2. $69,500

3. $69,500

Explanation:

1. The computation of bad debt expense is shown below:-

Bad debt expense = Credit sales × Debt percentage

= $4,500,000 × 1.5%

= $67,500

2. The computation of receivable written off is shown below:-

receivable written off = Allowance Beginning balance + bad debt expense - Allowance ending balance

= $42,000 + $67,500 - $40,000

= $69,500

3. The computation of bad debt expense be for 2013 is shown below:-

= receivable written off

= $69,500

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3 years ago

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2 years ago

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3 years ago

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romanna [79]

Answer:

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