Answer: $0
Explanation:
Fron the question, we are informed that Patterson Co.’s Depreciation Expense is $20,200 and the beginning and ending accumulated depreciation balances are $150,100 and $155,100, respectively.
The cash paid for depreciation will be $0. It should be noted that depreciation has to do with the ear and tear of an asset because its usage therefore no cash will be paid for depreciation.
The uniqueness of a certificate of deposit compared to a time deposit is the financial penalty.
<h3>What is the financial penalty?</h3>
A financial penalty means the obligation to pay a sum of money on conviction of a criminal or administrative offense, including orders made in criminal proceedings to pay compensation for the benefit of victims of crime, financial penalties are the obligation to pay a sum of money upon conviction of a criminal or administrative offense. A sum of money is demanded as restitution for violating the law or, occasionally, a contract's conditions. and orders to pay sums in respect of the costs of a court or administrative proceedings. Payment is required as a result of breaking the law or sometimes for breaching the terms of a contract.
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Answer:
a. Debit to Bad Debts Expense of $26,600
Explanation:
The computation of the bad debt expense is shown below:
= Allowance for uncollectible accounts - credit balance of allowance for uncollectible accounts
= $31,400 - $4,800
= $26,600
Hence, the first option is correct
The current ratio will remain the same as 1 only
The acid-test ratio will decrease.
- The current ratio will stay the same because there won't be a change in current liabilities, and the change in current assets won't have any net consequences because the asset will grow due to an increase in inventory, but it will also decrease by the same amount due to a decrease in cash, so the current ratio will stay the same.
- The acid-test ratio will decline since the numerator will shrink owing to a cash shortage, and the growth in inventory won't be taken into account because current assets aren't included in this ratio.
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<span>Management generally resists allowing employees to manage their own work flow because it decreases their motivation. This sentence is true.
</span>
As a manager, you have the opportunity to lead, supervise, mentor and motivate others - and your ability to do so effectively makes a huge difference to your company's overall success.
