Answer:
The accounts receivable amount expected to be collected after the write-off entry was $390,500.
Explanation:
Account Receivable Balance = $423,000
Less: Allowance Account Balance = $32,500
New Account Receivable Balance = $390,500
Since the write off entry was not made and there is an account for allowance of uncollectible account so at that the entry was made as follows:
Debit: Account Receivable $32,500
Credit: Uncollectible account expense $32,500
To record uncollectible expense.
Since we are certain that $32,500 will not received and recorded as bad debt so we simply deduct this amount from account receivable balance to derive new balance as shown above.
Answer:
The correct answer is C
Explanation:
Alimony is the amount or an allowance or a legal obligation which is paid by the spouse to wife in order to support the financial support before or after the material divorce or separation.
Under this situation, Laura (L) pays the alimony to Steve (S), which is agreed upon the decree of the divorce. But in order to save the money, they started to live together, so the alimony payment will not be included in his income as they started to live together and the payment will not be considered as the alimony.
Answer:
The amount paid should be $1,600
Explanation:
The terms of 2/10, n/30 means 2% discount for the payment within 10 days and the full amount to be paid within 30 days.
Beacon Food Stores purchased canned goods at an invoice price of $4,000. Half of the goods were returned immediately to the supplier.
The remaining amount of the invoice that Beacon Food needs to pay is $2,000
Beacon Food pays the remaining amount of the invoice within the discount period. The amount of discount the company is offered = $2,000 x 2% = $40
The amount paid = $2,000 - $40 = $1,600
Answer: To carefully consider choices over the period of time before jumping onto any conclusion and making a decision.
Explanation:
Here, in this particular case Mara should carefully take into consideration the choices provided before straightaway jumping onto a conclusion and thus finalizing about it.
Instead of taking choices of the organization as the discrete event. i.e. pondering onto it as a yes/no decision, Mara should take into consideration that the choices made by the organization tends to constitute the strategic method which unveils over a period of time.
The statement is true.
The NFIP provides flood coverage to property owners, renters, and companies, and having this insurance enables them to recover quicker while floodwaters recede. The NFIP works with communities required to adopt and put into effect floodplain control guidelines that help mitigate flooding results.
The preceding segment (styles of capabilities) identified four number one styles of skills to acquire long-time period chance discount thru mitigation making plans: making plans and regulatory, administrative and technical, financial and schooling, and outreach.
According to the NFIP, the subsequent styles of damage aren't blanketed via flood coverage: damage due to moisture, mold, or mold that could have been avoided with the aid of the property owner or which isn't on account of the flood. damage as a result of earth movement, even supposing the earth movement is as a result of the flood.
Learn more about floods here: brainly.com/question/1000851
#SPJ4