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adoni [48]
3 years ago
13

Which payment type is best if you are trying to stick to a budget?

Business
2 answers:
photoshop1234 [79]3 years ago
7 0
B) Debit card. Nothing else.
Damm [24]3 years ago
5 0

Debit Card

Hope it helps!!!

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At the end of 2021, Kingbird Co. has accounts receivable of $762,000 and an allowance for doubtful accounts of $22,520. On Janua
mixer [17]

Answer:

a. Debit Allowance for doubtful debt $4,398

   Credit Accounts receivable $4,398

   Being entries to write off receivable due from Madonna Inc.

b. $739,480  before and after the write-off

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

The realizable value of accounts receivable before the write off is the net of the accounts receivable and the allowance for doubtful debt

=  $762,000 - $22,520

= $739,480

This amount remains the same after the write off as the write off will reduce the balances in both the allowance for doubtful debt account and accounts receivable.

6 0
3 years ago
If you fail to pay our credit card ant the issuer tries but cannot collect the balance from you the results could be
Juliette [100K]
I believe its c but not sure 
7 0
3 years ago
Read 2 more answers
A recent Mega Millions estimated jackpot amount is $300 million which is the undiscounted sum of the 26 annuity option payments
I am Lyosha [343]

Answer:

Itis better to take the case in hand of 207,000,000 millions

Explanation:

We need to calcualte the present value of a geometric annuity-due

\frac{1-(1+g)^{n}\times (1+r)^{-n} }{r - g}

g 0.05

r 0.04

C 4,515,432

n 26

n 26

\frac{1-(1+0.05)^{26}\times (1+0.04)^{-26} }{0.04-0.05}

 127,557,727.45

As is an annuity due, we multiply by (1+r)

127,557,727.45 x (1+0.04) = 132,660,036,548

The present value of the 207,000,000 option is better as the annuity present value is around 130,000,000

4 0
3 years ago
On January 1, 20X1, Wade Crimbring, Inc., a dealer in used manufacturing equipment, sold a CNC milling machine to Fletcher Bros.
Usimov [2.4K]

Answer:

ummmmmm

Explanation:

ummmmmmjdhdhdhhdhrjrjrrj

5 0
3 years ago
You just got a job and plan to save for the college expenses for your kids. You have a son and a daughter. Your son is 4 years o
Dafna1 [17]

Answer:

$11,508.25

Explanation:

your son will start college in 14 years, and the present value of his college tuition = $40,000 x 3.4651 (PVIFA, 6%, 4 periods) = $138,604

your daughter will start college in 17 years, so you need in today's dollars $138,604

you will need to save enough money to cover both tuitions;

money required to cover your son's tuition = $138,604 / 21.015 (FVIFA, 6%, 14 periods) = $6,595.48

money required to cover your daughter's tuition = $138,604 / 28.213 (FVIFA, 6%, 14 periods) = $4,912.77

total annual savings = $11,508.25

5 0
2 years ago
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