Answer:
What is the appropriate amount of Bad Debt Expense?
Bad debt expense $ 1,178
Allowance for Uncollectible Accounts $ 1,178
Explanation:
The total amount of Allowance for Uncollectible Accounts is a credit of $0,400
Accounts Receivable $ 10,400
Allowance for Uncollectible Accounts $ 0,400
- The aging method indicates that the total amount must be :
Acc. Rec Allow.
7% $ 7,000 $ 0,490 Not yet due
15% $ 1,700 $ 0,255 1-30 days
49% $ 1,700 $ 0,833 more than 30 days
$ 10,400 $ 1,578
- It's necessary to entry the next journal entry to meet the amount indicated by the aging method.
Bad debt expense $ 1,178
Allowance for Uncollectible Accounts $ 1,178
Answer:
Entry for december 1, 2021:
Purchase Inventory=$853,000
Liability on purchase commitment=$902,900-$853,000
Liability On purchase commitment=$49000
Cash=$902,900
Explanation:
Entry for december 1, 2021:
Purchase Inventory=$853,000
Liability on purchase commitment=$902,900-$853,000
Liability On purchase commitment=$49000
Cash=$902,900
Answer:
10 hams
Explanation:
It is given that 10 people can produce 1 ham in a month. It is assumed that whatever is produced is consumed. So, 100 people will produce 10 hams that is 100 ÷ 10 = 10 in a month. So, 100 people can consume 10 hams, that are produced in a month.
So, residents can consume maximum 10 hams (same amount as produced) in a month.
Answer:
Globalization
Explanation:
Globalization is the seamless exchange of goods, technology, idea, culture, e.t.c across national boundary which is highly facilitated by collapsing or eliminating artificial barriers which hitherto made trade and communication difficult of almost impossible.
Globalization provides a platform for international integration and global connectivity among individuals, firms and government across international boundary.
