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ElenaW [278]
3 years ago
5

Select the correct answer.

Business
1 answer:
V125BC [204]3 years ago
5 0
The most effective would be B
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You are to receive the following payments at the end of the following periods:
dangina [55]

Answer: $12,113.14

Explanation:

Find out the future value of each payment 20 years from now then sum up the values.

Year 1:

= 250 * ( 1 + 15%)¹⁹

= $3,557.94

Year 2:

= 300 * ( 1 + 15%)¹⁸

= $3,712.636

Year 3:

= 450 * ( 1 + 15%)¹⁷

= $4,842.5688

Future value of all:

= 3,557.94 + 3,712.636 + 4,842.5688

= $12,113.14

4 0
2 years ago
Facial cosmetics provides plastic surgery primarily to hide the appearance of the appearance of unwanted scars and other blemish
Gala2k [10]

Answer:

1.Alllowance for uncollectible accounts 2,400

2.Dr Bad Debt Expense 2700

Cr Allowance for Doubtful Account 2700

3.Dr Allowance for Doubtful account 400

Cr Accounts receivable 400

4) Dr Cash 100

Cr Allowance for Doubtful account 100

Explanation:

Calculation of the allowance for uncollectible accounts

Using this formula

Alllowance for uncollectible accounts=(Not Yet Due)+(0-30 days past due)+(30-60 days past due)+(More than 60 days pst due)

Let plug in the formula

Alllowance for uncollectible accounts=

(30,000 *2% )+ (10,000* 5%) + (7,000* 10 %)+(3,000* 20% )

Alllowance for uncollectible accounts =600+500+700+600

Alllowance for uncollectible accounts = 2,400

2)Record of the he December 31, 2018 adjusting entry

300 debit balance+ 2,400

=2,700 Adjustment

Dr Bad Debt Expense 2,700

Cr Allowance for Doubtful Account 2 700

3) Journal entry to record the write off.

Dr Allowance for Doubtful account 400

Cr Accounts receivable 400

4) Journal entry to Record the cash collection

Dr Cash 100

Cr Allowance for Doubtful account 100

7 0
3 years ago
Kilbuck Company operates in a lean manufacturing environment. Kilbuck applies conversion costs at a rate of $25 per unit. Kilbuc
Elza [17]

Answer:

The journal entry to record applied conversion costs for May will include a debit to raw and in-process inventory for $300,000.

Explanation:

Raw materials of all kinds are measured at the start and recorded into a list plus account, with a credit to the accounts collectible account, and a debit to the raw materials inventory account.

The accounting treatment will vary when raw materials are consumed speculating on their standard as direct or indirect materials.

Thus, the journal entry to record applied conversion costs for May will include a debit to raw and in-process inventory for $300,000.

3 0
3 years ago
Read 2 more answers
__________ would specify that only selected members of the payroll and human resources department would have the right to change
lara [203]

The correct answer will be an <em>information policy. </em>

Further Explanation:

An information policy is used in many payroll and human resources departments. This gives only certain people in the company rights to change employee data, such as the pay they recieve and social security number. These departments are in charge of the employees sensitive data.

This type of policy is a public law, certain rules, and regulations that help to regulate the use, access, and communication of other employee information in the company. Most of the information policy is for public view depending on the state and company.

Learn more about human resource policies at brainly.com/question/1815336

#LearnwithBrainly

6 0
3 years ago
Jerry, a partner with 30 percent capital and profits interest, received his Schedule K-1 from Plush Pillows, LP. At the beginnin
GarryVolchara [31]

Answer:

$63,500

Explanation:

Calculation to determine Jerry's adjusted basis in his partnership interest at the end of the year

Using this formula

Partnership interest adjusted basis =Partnership interest+Cash contribution+Long-term capital gain+Qualified dividends -Reduction in partnership debt -Non-deductible expenses-Reported an ordinary loss

Let plug in the formula

Partnership interest adjusted basis=$42,000+ $28,000 + $4,800 + $3,800 - $5,800 - $2,300 - $7,000

Partnership interest adjusted basis = $63,500

Therefore Jerry's adjusted basis in his partnership interest at the end of the year will be $63,500

7 0
3 years ago
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