Answer:
the bad debt expense is $900
Explanation:
The computation of the bad debt expense is shown below:
bad debt expense is
= Written off amount + estimated uncollectible amount at the year end
= $650 + $250
= $900
We simply added the above two items so that the amount of the bad debts for the first year could come
Hence, the bad debt expense is $900
A.click the chart and ask t edit data
Answer:
Henrietta
The amount that Henrietta can deduct in the current year for investigating these two businesses is:
= $83,800.
Explanation:
a) Data and Calculations:
Investigation cost for expanding the chain into the Northeast = $32,000
Investigation cost for expanding the chain into another location= $51,800
Total investigation costs = $83,800
b) According to the IRS, for the investigation costs to be deductible, they "must be both ordinary and necessary." "Ordinary" refers to common or acceptable expense in the Hotel industry, while "necessary" means the expense helps Henrietta's business in its pursuit of earning income (which a business expansion does). Therefore, the total investigation cost is deductible.
Answer:
D) social cost
Explanation:
Social costs are the total costs beared by the entire society. Social costs includes all the private production costs plus all the externalities.
Marginal social costs are the marginal costs beared by the entire society, and it includes all the private marginal production costs and the marginal costs of externalities.
