Answer:
Credit balance of $12,000
Explanation:
To calculate the balance of the allowance for doubtful accounts we need to multiply the total accounts receivable times the percentage of estimated bad debts:
$160,000 x 7.5% = $12,000
Since allowance for doubtful accounts is a contra asset account, when it increases it should be credited.
Answer:
Cash provided in operating activities is $ 366,000
Explanation:
<u>Cash flow from Operating Activities:</u>
<u></u>
Net profit: $ 239,000
Adjustments:
Add: Depreciation $ 91,600
Less: Gain on sale of equipment <u>$(5,450)</u>
Profit before working capital changes $325,150
Add: Decrease in Account Receivable $37,300
Add: Increase in Accounts Payable $16,650
Less: Decrease in Wages payable <u>$(13,100)</u>
<u>Cash provided in operating activities:</u> <u>$366,000</u>
Answer:
Debit to Cash for $560,560
Explanation:
Based on the information given we were told that the Company issues the amount of $539,000 at 104 on March 31 2019 this means that the journal entry to record the issuance will includes a:
Debit to Cash for $560,560
Cr Bonds Payable $539,000
($560,560-$21,560)
Premium on on bonds Payable $21,560
[$539,000*(100%-104%)
(to record the issuance of bonds)
Answer:
No, Nelson cannot sue. The US Supreme Court ruled that regardless of the monstrous activities carried out by the Saudi government and the fact that they tend to solve commercial disputes by putting people in jail and torturing them, the events happened in Saudi Arabia. And they were not related to the contract signed by Nelson, the police and the hospital are considered sperate entities by the US laws.
The court recognized that Saudi behavior was really bad, but they had jurisdiction over it. This is a strictly police matter. Saudi Arabia and most Arab states are known for these type of activities, but people continue to go to work there because they offer high salaries. They forget that a golden cage is still a prison.
a. Yes, but only if the service dog is an undue hardship for AMPCO
b. Yes, the ADA applies only once someone is an employee (not in the hiring stage)
c. Yes, because Carlos cannot perform the essential functions of his position
d. No, the ADA requires AMPCO to allow the service dog regardless of the particular circumstances
e. No, because that would be a violation of Title VII
No, the ADA requires AMPCO to allow the service dog regardless of the particular circumstances
Answer: Option D.
<u>Explanation:</u>
According to the ADA act which stands for American disability act, it is illegal to refuse a well qualified person for a particular post just because on the basis of his disability.
The ADA act the american disability act prohibits any public or any private company or businesses from discriminating against people just because of their disability. Employees do not require any kind of documentation for their service dog.
