Answer:
The appropriate amount of Bad Debt Expense is $3,345.20.
Explanation:
The appropriate amount of Bad Debt Expense can be calculated as follows:
Bad debt expense = (Percentage of accounts receivable not yet due it will not collect * Accounts receivable not yet due) + (Percentage of receivables up to 30 days past due it will not collect * Amount of receivables up to 30 days past due) + (Parentage of receivables of receivables greater than 30 days past due it will not collect * Amount of receivables greater than 30 days past due) - Allowance for Uncollectible Accounts (credit) ……………………… (1)
Substituting the relevant values into equation (1), we have:
Bad debt expense = (7% * $7,500) + (20% + $2,300) + (46% * $2,000) - $400 = $3,345.20
Therefore, the appropriate amount of Bad Debt Expense is $3,345.20.
Their primary goal is <span>To protect consumers by regulating financial products and services.
Without their regulations, many corporations that operate in financial services tend to do several things that would hurt the consumers such as doing inside tradings or not fully disclose their financial situation by opening a fake corporations offshore.</span>
Answer:B
Explanation: The WEXS Channel 10 wanted to see how well the candidates would perform with a story that was given to them.
Answer:
the future value of the cash flow in year 4 is $5,632.73
Explanation:
The computation of the future value of the cash flow in year 4 is as follows:
= $1,075 × (1.08^3) + $1,210 × (1.08^2) + $1,340 × (1.08^1) + $1,420 ×(1.08^0)
= $1,354.19 + $1,411.34 + $1,447.20 + $1,420
= $5,632.73
Hence, the future value of the cash flow in year 4 is $5,632.73
The same is to be considered and relevant
Answer:
Shondra should be sure she will have enough in her account to be able to make the monthly payments.
Explanation:
