Answer: Option C - Assets are Overstated; No effects on liabilities: Equity is Overstated
Explanation:
When Bad debts are recorded, they will reduce the Accounts Receivable account because less money will be expected from debtors. Accounts Receivable is an asset account so it will be Overstated if bad debts are not recorded.
Equity will also be overstated because bad debts is an expense that is sent to the Income statement. If this expense is not deducted, the net income will be larger than it should be and when added to Equity it will overstate it.
Stock Market. It refers to the exchange and collection of equities, bonds, and other securities. This can be made possible through the formal exchange or over the counter markets, it also provides the company an access to its capital in trade for a portion of ownership to the investors.
Answer: 20th/21st: social insurance tax and individual income tax
19th: tariffs and excise taxes
Explanation:
Answer: $76.92
Explanation:
From the question, Zylo inc preferred stock pays a 7.50 annual dividend, the maximum price that will be willing to be paid for one share of this stock today if the required return is 9.75% will be calculated as:
= Dividend / Required return
= $7.50 / 9.75%
= $7.50/0.0975
= $76.92
The maximum price willing to be paid is $76.92.
Answer:
The answers are:
Explanation:
In order for an individual to be considered unemployed, the individual must be over 18 years old, be currently out of job, but actively seeking a new job.
The current unemployment rate in the US is 3.7% (as of August 2019) while the unemployment rate in the EU is 6.2%.
In order for an individual to collect unemployment benefits, usually he or she must meet the following requisites:
- They must be out of work through no fault of their own.
- They must meet minimum earnings or job tenure requirements.
- They must be able, available, and actively seeking work.
