Answer: a.$4,576
Explanation:
Sometimes the cash balance according to the books is not the same as the cash in the bank account and this is due to some transactions not being recorded by either the bank or the firm.
Adjusted cash balance per books = Unadjusted cash balance + Note receivable and interest collected by bank - Bank charge for check printing - NSF Check
= 4,022 + 746 - 28 - 164
= $4,576
Answer:
$4,775
Explanation:
Given that,
Allowance for Uncollectible Accounts = $1,700
Write off in Accounts receivable during the year = $875
Allowance for Uncollectible Accounts required = $5,600
Closing Allowance for Uncollectible Accounts:
= Allowance for Uncollectible Accounts - Write off in Accounts receivable during the year
= $1,700 - $875
= $825
Bad debt expense for 2022:
= Allowance for Uncollectible Accounts required - Closing Allowance for Uncollectible Accounts
= $5,600 - $825
= $4,775
Answer:
Tuition for a course in marketing is deductible business expense
Explanation:
There are a few expenses related to business that a self-employed could claim deductions on. Some of these expenses are cost of meal and travel expenses fore business purpose.
One such deductible expense is tuition fees incurred on a course to hone current job skills. Tuition fees incurred on attending a course that is not related to current business is not deductible.
Groceries to prepare lunch and clothes bought to wear to work are considered personal and not business expenses and so are not deductible.
Answer:
The market price of an unrestricted share of the same stock.
Explanation:
Restricted stock units (RSU) are defined as a type of compensation in shares that an employer will give to an employee.
Usually certain conditions or performance should be met before the employee gets this benefit. For example staying with the company for a number of years.
A vesting plan of distribution schedule is used to allocate the shares.
The value of the compensation will be the number of shares given by the RSU multiplied by the market value of unrestricted share of the same stock.
For example if an employee has RSU of 1,000 shares, and share value is $10
Value of RSU compensation = 1,000 * 10 = $10,000
Answer:
I think C, because she is taking notes and showing that she is interested in listening.
