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sweet [91]
4 years ago
15

Your company uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for dou

btful accounts had a credit balance of $1,000. During the year, you recorded bad debt expense of $2,700 and wrote off bad receivables of $2,100. What is your year-end balance in Allowance for doubtful accounts?
Business
1 answer:
Dvinal [7]4 years ago
8 0

Answer:

it is what it is

Explanation:

100000

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Tommy is able to depreciate the value of machinery as part of his income tax return. If he has a tractor valued at $50,000 that
Rom4ik [11]

Answer:$26,386.60

Explanation: According to the question above, Tommy is able to depreciate his tractor valued at $50,000 with depreciation rate of 12% per year.

Cost is $50,000

depreciation rate is 12% per annum

First year= 50,[email protected]% = 50,000-6000= 44,000

Second year = 44,[email protected]% = 44,000-5280=38,720

Third year = 38,720 @ 12% = 38,720 - 4646.40 = 34,073.60

Forth year = 34,073.60 @ 12% = 34,073.60-4088.83 =29,984.77

Fifth year= 29,984.77 @12%= 29984.77 - 3,598.17=26,386.60

The value of the Tractor in five years is $26,386.60

6 0
3 years ago
Strategically, AB InBev has 10 principles driving everything they do. At the core, AB InBev is focused on a shared dream that en
tigry1 [53]

Answer:

Consider the following explanation.

Explanation:

The international business environment is complex and requires a number of steps to be taken by the organizations that operate in the global environment. The large multinational corporations (MNC’s) should have both strong principles as well as flexible structure to operate at the global level. The strong principles help in creating uniformity at the global level and guide a common organizational culture.

This enables the MNC’s to create a central control over the Global operations and manage the business in an effective manner. On the other hand flexibility is required for adopting the global operations as per the needs of the local conditions. This makes the business responsive and survives in the situations that are not similar to their home country. Thus it can be seen that MNC need to create a balance between strong principles and flexibility. Without either of them it will not be easy for the organization to survive in the complex global business environment.

4 0
3 years ago
Which company would add the GDP of the United States?
Natasha2012 [34]

Answer:

b

Explanation:

7 0
3 years ago
Coffman Company sold bonds with a face value of $1,000,000 for $940,000. The bonds have a coupon rate of 10 percent, mature in 1
melomori [17]

Answer:

Journal Entry

January 1

Dr. Cash                                                 $940,000

Dr. Discount on Account Receivable  $60,000

Cr. Bond Payable Account                   $1,000,000

Explanation:

The difference between the face value of the bond and the sale value of the bond is known as premium or the discount on the bond. If the face value is higher from the sale value the bond is issued on the discount and if the sale value of the bond is higher than the face value the bond is issued on the premium.

Discount on the Bond =  Face value - Sale value = $100,000 - $940,000 = $60,000

The discount amount will be recorded in Discount on Bond Payable Account and will be amortized over the 10 years until the maturity of the bond.

7 0
4 years ago
Abigail works for a large pharmaceutical company as a scientist. while testing a potential new drug, she learns that company man
mestny [16]
The correct answer is that "Abigail <span>is protected from wrongful discharge by the exception based on public policy."

Abigail won't be discharge because of the immoral conduct done by the company sh is working with, she has done the right thing about telling the authorities with regards to her discovery of the company's tampered research results.</span>
3 0
3 years ago
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