Answer:
Journal Entry
May 3
Dr. Allowance for doubtful accounts $2,800
Cr. Account Receivable $2,800
Explanation:
When a receivable of the business is considered to be non-collectible from a customer, it is written off from the accounts. This event will decrease the account receivable balance and allowance for the doubtful accounts too. a Debit entry in the Allowance for doubtful account and a credit entry in accounts receivable is made to incorporate the effect of this transaction.
The answer is B,"Yes, eventually their debts must be repaid with interest.
Answer: The second message is a type of <em><u>advanced shipping notice.</u></em>
<em><u>An advanced shipping notice is known as an e-communication representation that the provider sends the retail merchant beforehand of a shipment.</u></em>
In this case the vendor sent an immediate order confirmation message by e-mail and within a day or two, a second message stating that the order is in the mail.
<u><em>Therefore, the correct option is (c)</em></u>
In case of accrued payroll for the month but did not pay the cash flow from activities will remain the same.
Considering, that the charge has now not been made, it has not led to any outflow of cash. It is going to be treated as a cash outflow in the month in which the payment is definitely made.
There are three cash flow sorts that organizations should track and examine to decide the liquidity and solvency of the enterprise: coins float from working activities, coins drift from investing in sports and coins flow from financing sports. All 3 are blanketed on a business enterprise's cash flow statement.
Cash from operating activities suggests the amount of money a company brings in from its ongoing, normal commercial enterprise activities, together with production and selling goods or imparting a carrier to customers.
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Answer:
$63,932.91
Explanation:
FV = $825,000
Number of payments = 4 quarters * 3 years = 12
Rate = 4.45%, assuming per annual
The amount company need to save each quarter is the payment amount.
We can easily calculate payment amount by formula in excel =PMT(4.45%/4,12,,825000,1) = 63,932.91
