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3 years ago

Terrel is designing and maintaining a web page for a local company. In which career pathways would Terrel be involved?

Business

1 answer:

icang [17]3 years ago

6 0

Answer: Information Support and Services, and Programming and Software Development

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A company ages its accounts receivables to determine its end of period adjustment for bad debts. At the end of the current year,

kogti [31]

Answer:

The required adjusting entry to record estimated bad debts expense is as follows:

Debit Bad Debts Accounts with $39,960

Credit Allowance for Doubtful Accounts with $39,960

Being the adjustment to bring the Allowance for Doubtful Accounts up a new credit balance of $43,625.

Explanation:

The Allowance for Doubtful Accounts had a credit balance of $3,665. Since management had estimated that $43,625 of the Accounts Receivable balance would be uncollectible, this means that the difference $39,960 ($43,625 - $3,665) would be the adjusting amount to bring the balance up-to-date.

Remember that the Allowance for Doubtful Accounts is a contra account to the Accounts Receivable. It is used to reduce the balance of the Accounts Receivable based on collectibility judgement or estimate which management makes out of experience. The balance in this account is, therefore d,educted from the Accounts Receivable in the Balance Sheet in order to obtain the net Accounts Receivable balance.

The account that expenses the increase in this account is the Bad Debts Expense Account, which is taken to the Income Statement to reduce the income.

4 0

4 years ago

In the event a firm goes bankrupt, an investment grade senior debenture bond is more likely to receive liquidation proceeds than

Elina [12.6K]

The answer that best fits the blank provided above is A SUBORDINATED DEBENTURE. Subordinated debenture is also known as subordinated debt. This kind of debt that ranks just below other loans whenever the company files bankruptcy. This is what is received instead of the liquidation proceeds.

3 0

4 years ago

a-1. Annual payment of $1,025 for 11 years at 4% interest. (Do not round intermediate calculations. Round your answer to 2 decim

Karo-lina-s [1.5K]

Answer:

a-1// 8,979.49

a-2// 9613.14

b-1// 5,154.36

b-2// 4,676.51

Explanation:

We will calculate each present value using the formula for present value of an ordinary annuity:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

a-1

C 1,025

time 11

rate 0.04

$1025 \times \frac{1-(1+0.04)^{-11} }{0.04} = PV\\$

PV $8,979.4886

a-2

C 825

time 16

rate 0.04

$825 \times \frac{1-(1+0.04)^{-16} }{0.04} = PV\\$

PV $9,613.1439

b-1

C 1,025

time 11

rate 0.16

$1025 \times \frac{1-(1+0.16)^{-11} }{0.16} = PV\\$

PV $5,154.3605

b-2

C 825

time 16

rate 0.16

$825 \times \frac{1-(1+0.16)^{-16} }{0.16} = PV\\$

PV $4,676.5098

6 0

3 years ago

A guest calls to make a reservation. She tells you her friend made a reservation for $315 versus the $350 you are quoting as a r

RideAnS [48]

<span>The situation should be handled by speaking in a calm, yet firm tone of voice. The customer should be told the rates for rooms at the hotel, as well as any charges that may occur for cancelling. If the customer still isn't satisfied, she should be transferred to the manager for further explanation.</span>

3 0

4 years ago

What are the entrepreneurial qualities of a good entrepreneur

Anna71 [15]

Answer: Creativity.

Professionalism.

Risk-taking.

Passion.

Planning.

Knowledge.

Social Skills.

Open-mindedness towards learning, people, and even failure.

4 0

3 years ago