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Ksju [112]
3 years ago
8

Mills Corporation's balance sheet included the following information: Accounts Receivable $ 560,000 Less: Allowance for Doubtful

Accounts 71,000 Accounts Receivable, Net of Allowance $ 489,000 If the Allowance account had a credit balance of $30,500 immediately before the year-end adjustment for bad debts and no accounts were written-off or allowed for during the year, what was the amount of Bad Debt Expense recognized during the year?
Business
1 answer:
pashok25 [27]3 years ago
3 0

Answer:

$40,500

Explanation:

The computation of the amount of  Bad Debt Expense recognized during the year is shown below:

Bad debt expense = Accounts Receivable - Net of Allowance - credit balance in allowance for doubtful accounts before adjustment

= $560,000 - $489,000 - $30,500

= $40,500

All other information i.e given in the question is not relevant. Hence, ignored it

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Helping a new employee learn the ropes of the organization and fit easily into the new job is known as ______.
Viefleur [7K]

Helping a new employee learn the ropes of the organization and fit easily into the new job is known aa <u>orientation </u>in human resource development .

<h3>Human resource development </h3>

Human resource development (HRD) is defined as the cultivation of an organization's employees. It entails providing workers with skills and relevant knowledge that may help them to grow in the workplace. That makes human resource development an integral part of human resource management.

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2 years ago
Please write me and one page summary on successful qualities
cupoosta [38]

Answer:

Success cannot be determined by one single level, characteristic or mental attribute. If it were that simple, then everyone could be successful and there could be no use for the piece or thought mapping. Alternatively, success is quite a finely mixed mix of qualities, characteristics, and traits that if balanced in the right combinations can help you achieve the pinnacles of accomplishment.

Charisma is one of the most important traits of a successful individual. the one quality all successful people have is charisma. In order to aspire to such heights, it’s crucial to see why charisma is indeed essential for success. Charisma is not something you can learn somebody and not something someone will only get along this way.

Successful people are attentive. They pay attention to those things that many others are not focusing on. Imagine Warren Buffet buying a particular stock when every other person is selling. To be successful, you have to focus on the details with a keen eye. Stare at those opportunities that every other person is ignoring. The noun here is used in a positive context because it takes fierce passion to succeed. You must want it more than others do.

Another quality successful people have in common is their incredible willpower. It’s a quality that enabled them to successfully reach their goals. These highly successful individual recognize that success comes in all shapes and sizes.

The quality that runs consistent is that every successful person got where they are, by starting where they were. They played the hand that was dealt to them.

8 0
3 years ago
The double-declining-balance and straight-line depreciation methods: multiple choice are the only acceptable methods of deprecia
zheka24 [161]

The double-declining-balance and straight-line depreciation methods Produce the same total depreciation over an asset's useful life.

  • Two of the four depreciation methods permitted by US generally accepted accounting standards are the straight-line and double-declining-balance depreciation procedures (GAAP).
  • The sum of the years' digit and units of production are the other two techniques. By deducting the salvage value from the asset's purchase price and either dividing the depreciable amount by the number of years or applying a preset rate to the depreciable amount, the straight-line method is derived.
  • The depreciation rate is calculated using the double-declining-balance technique by dividing 100 percent by the asset's useful life in years, then multiplying the result by two.
  • The diminishing amount is then used to calculate depreciation expenditure until only the salvage value is left. They therefore result in the same depreciation over the course of the asset's useful life.

<h3>Is double declining balance a method of straight-line depreciation?</h3>
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<h3>What is double declining balance depreciation method?</h3>
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4 0
2 years ago
A company that formerly produced software went out of business because too many potentialcustomers bought illegally-produced cop
IceJOKER [234]

Answer:

c.inadequate enforcement of property rights.

Explanation:

A company that previously provided software moved out of marketing because too many potential consumers bought illegally produced copies of software alternatively of buying the product straight from the company. this instance works as a model of <u>inadequate enforcement of property rights</u>. Basically, property rights remain speculative socially-enforced constructs in commerce for ascertaining how a resource or business asset is utilized as well as occupied.

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3 years ago
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kotegsom [21]

Answer:

She could work as a trash person, taking garbage out and destroying it. She could work as a chef, cooking food for hungry people. She could be a homeless shelter worker, and help people find homes.

Explanation:

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Hope this helps! Plz mark as brailiest!

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2 years ago
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