Answer:
total amount of commission = $100
so correct option is b. $100
Explanation:
given data
purchased = 100 shares
purchase cost = $20
charges = 5 percent = 0.05
to find out
total amount of commission
solution
we get here total amount of commission that is express as
total amount of commission = purchased × purchase cost × charge ........1
put here value , we will get total amount of commission
total amount of commission = 100 × $20 × 0.05
total amount of commission = $100
so correct option is b. $100
1. Embrace transparency. Transparency isn't just positive for employees
2. Recognize and reward valuable contributions.
3.Cultivate strong coworker relationships
4. Embrace and inspire employee autonomy
5. Assist Your Team Members in Reaching Goals
Answer:
It is important to send a business letter as a way to introduce itself as a company and in order to communicate that the company is interested in starting a relationship with the other one so therefore they can improve their situation in the market.
Explanation:
To begin with, a <em>"Business Letter"</em> is the type of letter that is sent from one company to another one in order to make the first step to establish a future relationship between those companies. It also can be sent from one company to its clients, suppliers, etc. Moreover, this type of communication implicates a formal and permanent record that it can be saved by any party in order to use it later as a prove of the facts established in the letter. Furthermore, every letter has its unique type of content that it will be determined by the type of relationship that the parties have with each other.
Answer:
A foreclosure is a forced sale of immovable property by the mortgagee or creditor if the debtor is unable to meet his or her payment obligations. If the debtor is negligent in the payment obligation and the procedure for a forced public sale has been started, both the mortgagor and the mortgagee can request a judicial forced private sale to avoid the auction costs of a foreclosure sale. Therefore, the best way to prevent a foreclosure is none other than the fulfillment of debt obligations, that is, the payment of the sums due in the stipulated time.
Answer:
The amount of uncollectible accounts is calculated as follows:
Amount of uncollectible accounts to be adjusted = 6% * Account receivables
= 6% * $138,500
=$8,310
Therefore, amount of uncollectible accounts is $8,310.
Bad debt Expenses = Opening balance of allowance for doubtful account (Credit balance) - Uncollectible account
Bad debt Expenses = $8,310 - $1,005
Bad debt Expenses = $7,305
The journal entry to record allowance for bad debts is as follows:
Account Titles and Explanation Debit Credit
Bad debt Expenses $7,305
Allowance for doubtful account $7,305
(To record adjusting entry for bad debt)