I’m sorry if this is wrong but I’m pretty certain that the answer is true
Answer:Bad debt expenses will be $2000 on the income statement and Allowance for uncollectible Accounts will be ($3000) on the balance sheet.
Explanation:
The bad debt accounts and allowance for uncollectible accounts are stated in the income and balance sheet statement respectively yearly to monitor activities on collectible debts.
A firm based on his experience determined an estimated percentage of debts outstanding for the year that are likely to go bad. If the new estimate is greater than the previous year, the difference is debited to income statement and if the new estimate is less than the previous year estimate the difference is credited to the income statement.
In the above scenario the new year estimate is greater than previous year by $ 2000 and that lead to $2000 to be debited to income statement.
The balance is made to reflect the total of the new estimate to be deducted from collectible debt and this is why ($3000) goes to the balance sheet.
Answer:
Phishing
Explanation:
Phishing can be regarded as a cybercrime, it is when someone is masquerading him/her self as someone you trust to get the target information such as bank credit card, personal data and others from you as their target.
It should be noted that Phishing uses email messages or IMs that appear to be from those you do business with, such as your bank, credit card company, or social network.
Answer:
The answer is 'greater in everland'
Explanation:
GDP per Capita measures the average level of national per person. It's a measure of economic activity. The formula is simple - the country's gross domestic product divided by its total population.
GDP per capital tells us how much economic production value can be apportioned to every citizen. The higher the GDP per capital, the higher or greater the returns from capital investment.
Answer:
Market price of Bond = $4603.116669 rounded off to $4603.12
Explanation:
To calculate the price of the bond, we need to first calculate the coupon payment per period. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,
Coupon Payment (C) = 5000 * 0.0363 * 1/2 = $90.75
Total periods (n)= 23 * 2 = 46
r = 4.17% * 1/2 = 2.085% or 0.02085
The formula to calculate the price of the bonds today is attached.
Bond Price = 90.75 * [( 1 - (1+0.02085)^-46) / 0.02085] + 5000 / (1+0.02085)^46
Bond Price = $4603.116669 rounded off to $4603.12