Answer:
$487,500
Explanation:
The write off does not affect the realizable value of accounts receivable . Neither total assets nor net income is affected by the write off or specific account. Instead both assets and net income are affected in the period when bad debts expense is predicted and then recorded with an adjusting entry.
Accounts Receivable $ 3250,000
Less Allowance for Doubtful Accounts $ 3250,000*1% = 32,500
Estimated Realizable Accounts Receivable $ 3217500
But if the amount of the bad debts decreases or increases as is given below then the the income is also increased or decreased by the amount given
Bad debts = $ 32,500
Uncollectibles previously written off= $ 27,800
Difference $ 4700
Net income $ 487,500
Less Difference $ 4700
Reported Income $ 482,800
Answer:
The correct answer would be option B, Summary Judgement.
Explanation:
A summary judgement is a ruling passed by the courts that no trial is necessary because there are no essential facts in dispute. The purpose of trial is to determine the facts other the case; that is, to decide who did what to whom, why, when and with what consequences. So if there is no essential evidence or facts about the dispute, the court has the right to stop the trial and either dismiss the case or orders to provide the evidence all over again if any.
In accounting, net worth is defined as assets minus liabilities. Essentially, it is a measure of what an entity is worth. For an individual, it represents the properties owned, less any debt the person has. For a company, net worth is the value of the company.
1.Get a Raise. The most straightforward way to increase your net worth is to increase your income. ...
2.Find New Sources of Income. Money doesn't have to come from just your day job. ...
3.Buy a House. ...
4.Spend Less. ...
5.Get Out of Debt. ...
6.Invest in Stocks. ...
7.Hit Your Company's 401K Match. ...
8.Open a Roth IRA
Answer:
B. Human Resource
Explanation:
The functions and responsibilities of a factory worker differ depending on the workplace. A factory Worker may operate machinery and tools, work on a production line, clean and repair equipment, or work as required.
Factory Workers work in manufacturing or processing facilities, are good with their hands, and execute repetitive duties. Factory workers are hence are a human resource.