What is the name of the device that senses the current flowing, tripping the circuit, and cutting off

Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of rec

Citrus2011 [14]

Answer:

The answers are given below;

Explanation:

a. Allowance for doubtful accounts closing balance=$20,520 406,000*2%+100,000*3 %+46,000*6%+28000*8%+40000*11%

b. Allowance for doubtful accounts-opening ($4,600)

Allowance for doubtful accounts-closing $20,520

Allowance for the year $15,920

c. Allowance for doubtful accounts-opening Dr. $1,100

Allowance for doubtful accounts-closing $20,520

Bad Debt Expense $21,620

Bad Debt Expense Dr.$21,620

Allowance for Doubtful Accounts Cr.$21,620

7 0

4 years ago

Pursuant to a complete liquidation, Oriole Corporation distributes to its shareholders land held for three years as an investmen

andrew-mc [135]

Answer:

A. $270,000 gain

B. $240,000 gain

Explanation:

A. Calculation to determine the tax consequences to Oriole Corporation on the distribution of the land

Tax consequences=$520,000 – $250,000

Tax consequences=$270,000 gain

Therefore Oriole will recognize a $270,000 gain on the distribution

B. Calculation to determine the tax consequences to Oriole on the distribution

Tax consequences=$490,000 – $250,000

Tax consequences= $240,000 gain

Therefore Oriole will recognize a gain of $240,000 on the distribution.

6 0

3 years ago

Your friend Reggie needs to write a resume and asked for your help. In at least 150 words, create a guide for Reggie. What are t

spayn [35]

Answer:

Name

Address

Contact Number

Objective

Work Experience

Extra Curricular Activities

School Graduated

Referral

Signature

Explanation:

Simple steps in making a Resume

8 0

3 years ago

Assume an open, mixed economy. That is, foreign trade is part of the economy, and the economy includes both a public (government

Elenna [48]

Answer:

considering the economy is stable it will expand the economy

Explanation:

The multiplier effect of the 100 public spending will be partially negate by the negative multiplier of the taxes.

100 x 1 /(1-0.7)

-100 x 0.7/(1-0.7)

100/0.3 - 70/0.3 = 30/0.3

The income will increase for 100

a portion of this increase will go abroad because is an open economy and the effect will be lower than 100 but the economy will expand.

4 0

4 years ago

You have older parents who have been saving for retirement for decades. They are now getting close to retirement age and are loo

Elis [28]

Based on my knowledge of inflation and its redistribution of purchasing power, I would advise my older parents to embark on Plan B by <u>purchasing a business</u>.

<h3>How does inflation redistribute purchasing power?</h3>

Inflation redistributes purchasing power by giving less value to lenders and savers than to borrowers and investors.

The purchasing power of a fixed money plan decreases. On the other hand, the purchasing power from variable investment changes with inflation.

A business would also increase its value over time more than a fixed investment.

Thus, based on my knowledge of inflation and its redistribution of purchasing power, I would advise my older parents to embark on Plan B by <u>purchasing a business</u>.

Learn more about inflation and purchasing power at brainly.com/question/16467725

#SPJ12

6 0

2 years ago