Answer:
$5,230
Explanation:
Account receivable balance = $310,000
Credit balance in allowance for uncollectible accounts = $970
Given percentage = 2%
So by considering the above information, the bad debt expense is
= Account receivable balance × given percentage - credit balance in allowance for uncollectible accounts
= $310,000 × 2% - $970
= $6,200 - $970
= $5,230
Answer:
8 years.
Explanation:
We have been given that an investment account pays 8.0%, compounded annually. We are asked to find the number of years it will take for the investment to grow to $9,140.20, if you invest $5,000 today.
We will use compound interest formula to solve our given problem.
, where.
A = Final amount,
P = Principal amount,
r = Annual interest rate in decimal form,
n = Number of times interest is compounded per year,
t = Time in years.
Upon substituting our given values in above formula, we will get:
Now, we will take natural log of both sides.
Using log property , we will get:
Therefore, it will take approximately 8 years for the investment to grow to $9,140.20.
Answer:
C) International Financial Reporting Standards
Explanation:
The International Financial Reporting Standards are accounting standards which are recognized and issued out by the International Accounting Standards Board (I.A.S.B) and the International Financial Reporting Standard Foundation with the former being responsible for accepting or approving and issuing of standards used in accounting by accountants. These accounting standards make up a standard manner in which a company or firm's financial performance is evaluated using their financial statements which should be understandable. These accounting standards are used by firms which own shares on a public stock exchange.
Answer:C. Web conferencing
Explanation: Web conferencing is an online internet service used by team members of an organisation who are located in different locations to facilitate their meetings,in web conferencing all members connect either through their phones or their computers or other smart devices through TCP/IP connections, and microphone through a VoIP connection.
conferencing,presentations and trainings and team meetings etc can be conducted though the internet.