Answer:
Bad Debt Expense ($40,000 - $3,200) $36,800
To Allowance for Doubtful Accounts $36,800
(Being the bad debt expense is recorded)
Explanation:
The adjusting entry is shown below:
Bad Debt Expense ($40,000 - $3,200) $36,800
To Allowance for Doubtful Accounts $36,800
(Being the bad debt expense is recorded)
For recording this we debited the bad debt expense as it increased the expenses and credited the allowance for doubtful debts as it decreased the value of the assets
And since there is a credit balance so the same is deducted from the account receivable
A town might decide to issue bonds to B) to build new roads or bridges. A town will achieve a specified amount of money by issuing the bond and there must be an obvious source for returning the bond value until its maturity date. Therefore, building projects or other projects related to the town's infrastructure would be the most appropriate reason for a town to issue bonds.
Answer:
Yes, it should be purchased
Explanation:
The computation is shown below;
Net present value = $9,000 ÷ 1.12 + $7,000 ÷ 1.12^2 + $5,000 ÷ 1.12^3 + $3,000 ÷ 1.12^4 - $14,000
= $5,081.53
As we can see that the net present value comes in positive so sigma should purchased the digger
Therefore the same would be considered and relevant
Answer:
. increase by 25% increase
Explanation:
The degree of operating leverage (DOL) measures the sensitivity of a company's operating income or profits to changes in the demand
DOL = percentage change in operating income or profits / percentage change in units sold
2.5 = percentage change in operating income / 10%
percentage change in operating income = 10% x 2.5 = 25%
profits will increase by 25%
