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3 years ago

(More than 1 answer)Which of the following collect and evaluate career outlook information: Internal Revenue Service

1 answer:

4 0

Answer: U.S. Dept. of Labor, Universities, and Colleges, as well as, State Department of Education collect and evaluate career outlook information.

Explanation:

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At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 918,000 Credit sales 31

Over [174]

Answer:

The journal entries are as follows:

(a) 5% of credit sales,

Bad debts expense A/c Dr. $15,900

To Allowance for doubtful accounts $15,900

(To record the bad debt expense)

Workings:

Uncollectibles:

= 5% × Credit sales

= 5% × $318,000

= $15,900

(b) 3% of total sales,

Bad debts expense A/c Dr. $37,080

To Allowance for doubtful accounts $37,080

(To record the bad debt expense)

Workings:

Uncollectibles:

= 3% × Total sales

= 3% × ($318,000 + $918,000)

= $37,080

Bad debts expense A/c Dr. $18,240

To Allowance for doubtful accounts $18,240

(To record the bad debt expense)

Workings:

Uncollectibles:

= (8% × year end accounts receivables) + Allowance for doubtful accounts balance

= (8% × $143,000) + $6,800

= $18,240

4 0

3 years ago

Under state law, a manufacturer must design a dangerous product so as to avoid harm to people who are using the product as inten

kumpel [21]

Answer:

b. liable, because it was foreseeable that a child would have access to and try to use a lighter.

Explanation:

BIC must foresee that any child may access the lighter, so they should put some warning on product so that the adults will notice to put lighters away reach of children.

6 0

3 years ago

are useful when you want to show the ratio of different parts to the whole. A. tables B. pie graphs C. bar graphs D. line graphs

kirill115 [55]

I think that the answer is B.

6 0

4 years ago

Read 2 more answers

Which of the following are amortizable organizational expenditures? Group of answer choices Professional fees to issue the corpo

satela [25.4K]

Answer:

The answers are:

Professional fees to issue the corporation’s stock
Commissions paid by the corporation to underwriters for stock issue
Printing costs to issue the corporation’s stock

Explanation:

Organizational costs are the initial costs incurred when creating a company. They usually include legal and registration fees, promotions, and commissions paid.

After 10/22/2004, organizational cost up to $5,000 can be deducted as an expense. The remaining organizational costs can be amortized over fifteen years.

5 0

3 years ago

Greenwood Motels has filed a petition for bankruptcy but hopes to continue its operations both during and after the bankruptcy p

xxMikexx [17]

Answer:

The correct answer is letter "E": Reorganization.

Explanation:

A company reorganization takes place in front of the need for changing operating activities that are not bringing any profit to the organization or whose profit is minimal that it would be convenient to stop those processes. In some cases, reorganizations take place even when the firm has filed for bankruptcy.

Under those circumstances, the objective of the entity is to be forgiven for not meeting its payment obligations for a certain period while restructuring its operations to keep the business up and running.

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3 years ago