1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MatroZZZ [7]
3 years ago
13

Roe's Renovations utilizes the direct write-off method of accounting for uncollectible receivables. On September 15 the company

is notified by the attorneys for Jacob Marley that Jacob Marley is bankrupt and no cash is expected in the liquidation. Write off the $4,200 of accounts receivable due from Jacob Marley. If an amount box does not require an entry, leave it blank.
Business
1 answer:
Drupady [299]3 years ago
3 0

Answer:

Sept. 15

Bad Debt Expense =  $4,200

Accounts Receivable-Jacob Marley = $4,200

Explanation:

Sept. 15

Bad Debt Expense =  $4,200

Accounts Receivable-Jacob Marley = $4,200

You might be interested in
Nastasha has a gross income of $66,429. she can make adjustments of $14,490 for business losses, $3,584 for business expenses, a
babunello [35]
The answer to the question above is letter D. If Natasha has a gross income of $66,429. And has an adjustment of $14,490 for her business losses, $3,584 for her business expenses and $4,813 for her retirement contribution plan. The total remaining income is $43,542.
7 0
3 years ago
A homebuyer wishes to finance the purchase with a $95,000 mortgage with a 20-year term. What is the maximum interest rate the bu
galina1969 [7]

Answer:

0.811% per month is the amximum rate it can affor

or 9.732% annual rate with monhly compounding.

Explanation:

We have to solve for the rate at which the monthly payment equals 900 dollars.

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 900.00

time 240

rate r

PV $95,000.0000

900 \times \frac{1-(1+r)^{-240} }{r} = 95,000\\

Given the complexity of the formula we solve using excel or a financial calcualtor

we write on a1 =PV(A2;240;95000)

on a2 we write any number between 0 and 1

then we use goal seek tool adn define that we want A1 to be 95,000 by changing A2 (which is the argument for rate)

the value of A2 after this is our answer:

900 \times \frac{1-(1+0.00811)^{-240} }{0.00811} = PV\\

PV $95,000.0000

5 0
3 years ago
Assume you are the CFO of a factory that supplies product to a large well-known retail chain. It is your company's policy, and t
Molodets [167]

Answer: It is not ethical

Explanation:

Ethics is defined as a moral philosophy that is good for individuals and the society at large.

The basic principles of ethics are objectivity , professional due - care and competence, professional behavior , integrity and confidentiality.

The act of intimidation by the retail chain is un ethical as it is not to the benefit of the suppliers, Moreover , this act violates the principle of professional behavior and integrity.

A good ethical practice respects the trading policies of business partners.

6 0
3 years ago
Prior to labor unions, both the employer and employee had the legal right to terminate an employment
Kruka [31]

Before the times of the labor unions, both the employer and the employee reserved the right of employment at will, meaning either one could terminate the agreement at any time and for any reason.

The correct term for the situation proposed in the question is employment at will. The other options describe agreements that have arisen since the creation of the labor unions.

The first option, a closed shop, described an agreement made between the hiring party and the labor unions in which the hiring party agrees to <u>only hire members of the union</u>, while an open shop is just the opposite.

Collective bargaining, on the other hand, is the long process in which the workers of an institution work through their labor unions in order to <u>negotiate contracts </u><u>and the terms of </u><u>employment</u><u>, which include income and benefits. </u>

Therefore the only option that existed prior to the development of labor unions is employment at will, which allowed the termination of a contract at any time for any reason.

To learn more visit:

brainly.com/question/518131?referrer=searchResults

3 0
3 years ago
Red and White Company reported the following monthly data: Units produced 2,400 units Sales price $ 29 per unit Direct materials
saveliy_v [14]
Lolhtdcc dad ytt try to tu to tho go in rn go go
4 0
3 years ago
Other questions:
  • The _____ tax rate is the percentage of additional earnings that goes to taxes.
    11·1 answer
  • Suppose over the last year that the price of recycled aluminum increased from $800 a ton to $900 a ton. over the same time a mea
    14·1 answer
  • Suppose that France and Germany both produce fish and olives. France's opportunity cost of producing a crate of olives is 4 poun
    15·1 answer
  • Refer to the following selected financial information from Shakley's Incorporated. Compute the company's return on total assets
    11·1 answer
  • (More than 1 answer)Which of the following collect and evaluate career outlook information: Internal Revenue Service
    10·1 answer
  • The bookkeeper for Sheffield Corp. asks you to prepare the following accrued adjusting entries at December 31.
    15·1 answer
  • Imagine that two goods are available to you: servants (X) and robots (Y). You like servants three times as much as robots. If yo
    6·1 answer
  • Descriptive account does not capture all that is involved. (T/F)true or false​
    9·1 answer
  • The basis of strategic position through serving few needs of many customers is known as:_____.
    7·1 answer
  • bastion borrows money from federico to purchase a car. federico has bastion sign a piece of paper indicating his agreement to pa
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!