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Ganezh [65]
3 years ago
11

Dr. Rick Torres runs a chiropractic clinic. He typically bills his customers for services he performs and gives them about 30 da

ys to make the payments. These amounts of money that his customers owe are called:
a) allowances for doubtful accounts
b) prepaid expenses
c) unearned revenur
d) intagible assets
e) accounts receivable
Business
1 answer:
Strike441 [17]3 years ago
3 0

Answer:

<u>e) accounts receivable</u>

Explanation:

a) <em>allowance for doubtful accounts:</em> this is used to determinate a provision of uncollectible account. Customers that will not honor their debts.

b)<em>prepaid expenses:</em> This is use for the payment in advance for utilities and other expenses like rent. The description does not involve any payment from Dr Torres.

c)<em>unearned revenues: </em>used when the customer pays the service or goods but the business didn't perform or deliver. The Dr has perform his services so they revenues are earned.

d) <em>intangible assets: </em>refers to trademarks, patents and other assets which related to the business. the customers account are tangible, they are a know value

e) <u>accounts receivable: correct.</u>

This represent the collectible amount from customers, which is exactly what it is happening. The Dr gives a certain amount of time to receive the payment for his services. While the services aren't paid, the Dr has "Accounts to receive"

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Answer:

a. AB and YX are both general partners.

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Each partner share 50% interest in the recourse debt.

b. AB is a general partner, and YZ is a limited partner.

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YZ's basis in the partnership's interests = $457,000

Only AB has a share in the recourse debt, since YZ is a limited partner  it has no recourse debt share.

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At any given time, the group of people age 16 years and older who are willing and able to work is known as
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About ____ percent of worldwide stocks of tuna, cod, and other large ocean fishes have disappeared in the last 50 years.
ehidna [41]

About ninety percent of worldwide stocks of tuna, cod, and other large ocean fishes have disappeared in the last 50 years.

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Bluefin, albacore, and yellowfin tuna stocks have drastically decreased as a result of years of overfishing for American and European markets. Although the Atlantic fisheries is heavily regulated, illegal fishing off the shore of coastal seas persists, particularly close to Africa, where impoverished nations cannot afford the patrols required to execute the law.

However, tuna populations cod and other large fish oceans  are declining even in the world's largest oceans, and some face extinction due to the continuous pressure of intensive commercial fishing.

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1 year ago
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Answer:

His taxable income for 2019 is $4,740

Explanation:

In order to calculate his taxable income for 2019 first we have to calculate the following:

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Taxable income for 2019=total income-Higher of the following two:a. $1,000 or b. $890+$350

Therefore, Taxable income for 2019=$5,980-$1,240

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Answer:

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