Answer:
$20,000
Explanation:
Calculation for what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense
Using this formula
Balance in the allowance for doubtful accounts=
(Outstanding Accounts Receivable
* Percentage uncollectible)- Eebit balance of in the allowance for uncollectible accounts.
Let plug in the formula
Balance in the allowance for doubtful accounts=($500,000*8%)-$20,000
Balance in the allowance for doubtful accounts=$40,000-$20,000
Balance in the allowance for doubtful accounts=$20,000
Therefore the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense is $20,000
Accounts receivable and notes receivable
Answer:
a. 5.00%
b. 4.50%
c. 4.00%
d. 3.50%
Explanation:
The after tax yield is determined by the formula given below;
Equivalent Taxable Yield = r * (1 - t)
a. when t = 0 then 5% * (1 - 0)
= 5.00%
When t=0, the after tax yield for taxable bond is same as before tax yield and is greater than municipal bond.
b. when t = 10% then 5% * (1 - 10%)
= 4.50%
c. when t = 20% then 5% * (1 - 20%)
= 4.00%
d. when t = 30% then 5% * (1 - 30%)
= 3.50%
The type or kind of insurance that is being described here, would be life insurance, I believe.
Answer:
He will have to come up with a bigger down payment.
His monthly payments will be higher.
Good luck:)
