Answer:
Bad Debt Expense Dr. $28050
Allowance for Uncollectible accounts Cr. $28050
Explanation:
given data
credit sales = $620,000
accounts receivable = $320,000
past due = $55,000
credit balance = $2,600
rate = 7 %
rate = 22 %
solution
so here Not yet past due is = $320,000 - $55,000 -
Not yet past due = $265,000
and
past due = $55,000
so Required provision is
Required provision = $265,000 × 7 % + $55,000 × 22 %
Required provision = $30650
and
Opening balance is $2,600
so
Required expense for year = $30650 - $2,600
Required expense for year = $28050
so here
correct entry is
Bad Debt Expense Dr. $28050
Allowance for Uncollectible accounts Cr. $28050
Answer:
Kindly check explanation
Explanation:
High economic growth is usually the aim of several economic policies whichnmost countries try to employ. The reason for this is no other than the numerous benefits attached to it which includes;
Increase in GDP : With growth in the economy of a country, trading within and outside these countries will rise, leading to increase in revenue earned and hence, the gross domestic product. This will pave the way for :
Infrastructural development : The development of infrastructure and standard society will be on the horizon as the economy grows. There is enough capital to embark on infrastructural development which will serve the populees
Other benefits include ; Trade and investment opportunities ; Increase in foreign direct investment and employment level will increase.
High economic growth also has it's drawbacks which include ;
Higj Immigration level ; Businesses and individuals are always on the lookout for areas with good investment opportunity in which an high income society is usually a main target. With increasing immigration, overcrowding may result.
Also, Investment cost may begin to rise, coupled with increase in foreign investment influx, the local market may be at risk of being able to compete.
Answer:
How is providing customer information to a law firm different than providing email addresses and symptoms to a pharmaceutical company?
Both are live saving professions, every detailed of their clients must be well documented in order to get the best services as far as life is concerned. A law firm must be sure of every details submitted in order to tackle anything that might affect such clients in court of law while a client must provide a detailed information as regards his/her health in order to get the right prescription for health service
Explanation:
The reason why hosa require students to joint through local chapter instead of joining as individuals is :
Hosa activities are so closely connected with the school curriculum,
And this curriculum usually more compatible if it's carried out in groups.
Answer:
What's the question or is this a statement?
Explanation:
?