Answer:
A. $156
Explanation:
Data provided
Credit of Allowance for Doubtful Accounts = $555
Previous written-off accounts = $322
Written-off as uncollectible = $721
The computation of balance in the Allowance for Doubtful Accounts is shown below:-
End of the year balance in the Allowance for Doubtful Accounts = Credit of Allowance for Doubtful Accounts + Previous written-off accounts - Written-off as uncollectible
= $555 + $322 - $721
= $877 - $721
= $156
Therefore, for computing the balance in the Allowance for Doubtful Accounts we simply applied the above formula.
The sellers will pay the entire share.
<u>Explanation:</u>
If the quantity of the land supplied is constant, it does not increase. So if the tax is imposed on the land, the price of land will definitely go up because of the limitation in the quantity of the land available.
If the tax is imposed on the rental price of the land which will lead to increase in the price of that land, then the tax has to be paid by the sellers of that particular land.
Answer:
The correct answer is A
Explanation:
Product Line is the term which is defined as the group or the class of the products which are related and are also marketed under the single name of brand, which is sold through the same company.
Companies or business who expand as well as increase their offerings or products or the items through adding the existing products lines as the customers are more likely to buy the products from brands with which they are familiar or already know.
Therefore, a product line is the subset of the product mix, which is defined as a collection of the linked items that the consumers either use together or to be related to each other.
Answer:
$ 19,740
Explanation:
Retained earnings are calculated by subtracting dividends distributed from the net income. Retained earnings are the business profits kept by a business as opposed to being distributed to shareholders.
A company's net income = retained earnings plus dividends paid.
For Parker dividends declared were: $ 4,860
Retained earnings will be:
Closing retained earnings= opening retained earning + income - dividends
$401,460 =$386,400+income -$4 680
$401,460 =386,400-4680 +income
$401,460=381,720 +income
income= $401,460 -$381,720
=$19,740
Answer:
$61,500
Explanation:
Given;
Retained earnings balance at the beginning of the year = $ 308,000
Cash dividends declared for the Year = $68,750
Cash Dividends Payable at the beginning of the Year = $30,250
Cash dividends payable at the end of the year = $37,500
Now,
The Amount of cash paid for dividends = $30,250 + $68,750 - $37,500
or
The Amount of cash paid for dividends = $61,500