Answer:
The journal entries are given;
Explanation:
a. Bad Debt Expense Dr.$17,300
Allowance for Doubtful Accounts Cr.$17,300
b. Allowance for Doubtful Accounts Dr.$7,100
Accounts Receivable Cr.$7,100
With Bad Debt Expense ,the retained earnings will be decreased by ($17,300)
with direct written off,the accounts receivables will be reduced by ($7,100) in balance sheet.
There are a lot of firms. Organizational buyers is the type of organization that Nour run.
<h3>What is Organizational buyers?</h3>
Organizational buyers are known to be people or firm that often buy direct from the manufacturers of products as at the time when the products are complex and said to be expensive pieces of equipment that needs custom design and installation.
Note that the organizational buyer often purchases in a lot of large volumes of goods to sell to others.
Learn more about Organizational buyers from
brainly.com/question/536509
Yes this statement is true.
Explanation:
The sale of banana will add the twice contribution in the GDP as because the price is double and the sell of every single unit in the market in comparison of apple is able to add more currency in the economy than a sell of every single unit of apple.
The higher price may affect the sale as people will move to the other alternative but how much sell of banana will take place will able to add more money in the market as compared to apple.
Answer:
c. ​15.0%
Explanation:
First we need to calculate the Debt to equity ratio
Debt to equity ratio = Debt / Equity
Debt to equity ratio = 85% / 15% = 5.66667
Now calculate BTIRRE using following formula
BTIRRE = BTIRRP + ( BTIRRP - BTIRRD ) x Debt to equity ratio
Where
BTIRRP = 10.75%
BTIRRD = 10%
Placing values in the formula
BTIRRE = 10.75% + ( 10.75% - 10.00% ) x 5.66667
BTIRRE = 10.75% + 4.25%
BTIRRE = 15.00%
Answer: Fred; $14,990
Barney; $16,010
Explanation:
Each partner will receive 12% of their investment.
Fred will therefore receive,
= 12% * 13,500
= $1,620
Barney will receive,
= 12% * 22,000
= $2,640
Adding both these figures gives,
= 1,620 + 2,640
= $4,260
This figure needs to be subtracted from the income and then the rest will be split equally.
=31,000 - 4,260
= $26,740
= 26,740/ 2
= $13,370
Each partner is to get $13,370 extra.
Fred gets,
= 1,620 + 13,370
= $14,990
Barney gets,
= 2,640 + 13,370
= $16,010
