Answer:
Dr. Bad Debt Expense $5,470
Cr. Allowance for uncollectible accounts $5,470
Explanation:
The Allowance method requires to recognize the estimated bad debt expense int he period of sale. For this purpose an adjusting entry is made using an estimed percentage value of sales as uncollectible accounts.
Allownace for Uncollectible accounts = $547,000 x 1% = $5,470
Answer:
2.42
Explanation:
The current ratio is a type of liquidity ratio. Liquidity ratios calculate the ability of a firm to meet its short term obligations
Current ratio = current assets / current liabilities = $ 126,000 / $52,000 = 2.42
To solve for the consumer surplus, the formula is;
Consumer surplus = total value – actual value
If jena is willing to pay for $75 then = $75 – $65 = $10
If Jane on the other hand is willing to pay for $85 then =
$85 - $65 = $20
To combine the amount of Jena and Jane to be able to get
both of their consumer surplus,
= $10 + $20 = $30
The combined amount of consumer surplus of Jena and Jane is
$30.
Answer:
managing
Explanation:
According to my research on different employee roles and responsibilities, I can say that based on the information provided within the question Omar is most likely managing. This can be said since managing is the act of controlling employees and making sure everything is working correctly as well as goals being met by planning, organizing, and leading. Therefore Omar is most likely a manager.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
The correct answer is letter "B": Quickbooks.
Explanation:
Quickbooks is an accounting software specially directed to small businesses that allow investors to make business payments, bill payments, and manage payroll functions. It also allows them to send quotes to their customers, track sales and scan bills.