Answer:
Option B (are protected by their three-day rescission rights under Regulation Z) is correct
Explanation:
Answer:
an increasing number of small businesses realize the power of ... Recurring invoices contribute to a steady stream of monthly income. ... of monthly income from you (and of course their millions of other customers). ... To sustain optimal uptime of the system, they would need to provide monthly support.
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Answer:
$165,000
Explanation:
The computation of the reported amount for Allowance for Doubtful Accounts is shown below:
= Young accounts × uncollectible percentage + old accounts balance × uncollectible percentage
= $100,000 × 5% + $400,000 × 40%
= $5,000 + $160,000
= $165,000
We simply added the young accounts and old account balance after considering the uncollected percentage
Answer:
Acc dep - manufacturing facility 205,000 debit
Cash 205,000 credit
--to record cost heating system--
Wing 780,000 debit
Cash 780,000 credit
--to reocrd addition of a new wing--
maintenance expense 15,500 debit
cash 15,500 credit
--to record maintenance expense for the period
Assembly line 42,000 debit
Cash 42,000 credit
--to record new assembly line--
Explanation:
1.- the improvements will decrease the accumulated depreciation
2.- The wing will be considered a new asset and depreciate separately
3.- the maintenance cost is cost of the period as it do not upgrade or change the productivity is a cost to maintain the current level.
4.- the assembly line will be reocgnize as an asset as increase the productive capaictive of the plant