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Georgia [21]
4 years ago
14

An aging of a company's accounts receivable indicates that $4,000 are estimated to be uncollectible. If Allowance for Doubtful A

ccounts has a $1,200 debit balance, the adjustment to record bad debts for the period will require aa. debit to Bad Debts Expense for $4,000.b. debit to Allowance for Doubtful Accounts for $5,200.c. debit to Bad Debts Expense for $5,200.d. credit to Allowance for Doubtful Accounts for $4,000.
Business
1 answer:
alex41 [277]4 years ago
6 0

Answer:

2800

Explanation:

By the following we get:

4000 - 1200 = USD 2800/-

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Can these two countries gain from trading oil and fish​ oil?
ozzi
These countries can gain from trade because norway has an absolute advantage producing fish oil.
6 0
3 years ago
A bond that pays interest semiannually has a coupon rate of 5.08 percent and a current yield of 5.37 percent. The par value is $
Zolol [24]

Answer:

$997

Explanation:

The price of the Bond is its Present Value. thus we need to discount the future cash flows (payments and capital repayments) to find the price as follows.

<em>Note : I am using a financial calculator here</em>

FV = $1,000

P/Yr = 2

N = 1 x 2 = 2

PMT = ($1,000 x 5.08 %) ÷ 2 = $25.40

YTM =  5.37 %

PV = ?

Conclusion

Assuming the Bond Matures in 1 year, the bond's price is $997

4 0
3 years ago
Natalie is using Monster and CareerBuilder in her job search. These sites are examples of ________.
lorasvet [3.4K]

Answer:

General purpose Job boards

Explanation:

A job board can be straightforwardly defines as a website where employers advertise job openings for job seekers

A general purpose job board as seen in the question can be defined as a website that offers job recruitment services in its entirety.

This means that both employees and employers use the site to search for and advertise job openings to job seekers respectively. Popular job boards include Glassdoor, Linkedin, etc.

Cheers.

3 0
4 years ago
Describe major laws that are responsible for consumer protection, and the entities that have responsibility for oversight.
Sholpan [36]

Answer:

Major consumer-protecting laws are:

Explanation:

1. Major federal Act Section 5- This legislation specifies that all firms are required to treat the customer equally and must not be at any disadvantage because of their exploitative treatment.

2. Fair Credit Report Act- This statute guarantees that it is treated equally and safely by all companies handling customer data. It makes sure that no unethical sharing of such information with any 3rd person takes place.

3. Financial Modernization Act - This legislation mandates all commercial banks in the United states to include it in principle how they safeguard and manage customer data securely.

4 0
3 years ago
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katovenus [111]

Answer:

C. LIFO liquidation

Explanation:

Benson Company uses the LIFO inventory costing method for both its tax reporting purposes and its financial reporting purposes. In its footnotes, Benson Company is required to report the amount at which inventories would have been reported under FIFO method.

The difference between these two numbers is commonly referred to as LIFO Reserve.

LIFO reserve represents the difference in ending inventory using LIFO and ending inventory if FIFO were employed instead.

Third option is the correct option.

LIFO reserve = FIFO inventory cost - LIFO inventory cost

FIFO inventory cost = LIFO inventory cost + LIFO reserve

4 0
3 years ago
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