<span>Z will become eligible to receive benefits starting on March 1, since Z became disabled from an accident on February 1. </span>
Answer: $20500
Explanation:
Bad debt is the amount of money that a credit owes the company and is not willing to be paid hence may not be collected.
The amount that Marigold should record as "bad debt expense" for the year ended December 31, 2020 goes thus:
Bad debt allowance balance needed =
$16700
Add: Bad debt that are written off = $26800
Less: Allowance for doubtful accounts = $23000
Bad debt expense will now be:
= $16700 + $26800 - $23,000
= $43500 - $23000
= $20500
Answer:
Variable costs vary with the volume of production and can be changed in the short run.
Fixed costs do not vary with the volume of production and cannot be changed in the short run. Only in the long run can they be changed.
Variable costs:
- Advertising expenditures
- Fuel
- Shipping charges
- Payments for raw materials
- Wage payments
- Sales taxes
Fixed costs:
- Interest on company issued bonds
- Real estate taxes
- Executive salaries
- Insurance premiums
- Rental payments on leased office machinery.
Answer:
A title search is done to insure that there are no leans are owed on the property. Its to insure that the property is clean of any debt.