Purchasing mangers or purchasing agents
The right answer for the question that is being asked and shown above is that: "47 percent." the federal government's income comes from individual income tax is that of <span>47 percent. This is the correct answer as far as the federal government's income is concerned.</span>
The value of a firm will increase when the firm first uses leverage if we assume that there are no bankruptcy cost.
Companies that are unable to pay their debts may have very few options for the future. The legal process of releasing a business from debts and other obligations while providing creditors with a chance to be paid back may be one of those options. This process is known as bankruptcy. Bankruptcy can provide businesses with a fresh start even though it is a last resort.
When a business has significantly more debt than equity, bankruptcy frequently results. There are risks associated with debt, even though it may be a good way for a company to finance its operations.
The overall capital structure of a company may be weakened by bankruptcy expenses, which include legal costs.
Learn more about Bankruptcy, here
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Answer:
$114,000
Explanation:
Given that,
Net credit sales = $2,250,000
Opening allowance for Doubtful Accounts = $36,000
Uncollectible accounts receivable written off = $90,000
Firstly, we need to find the excess amount to be adjusted to allowance for Doubtful Accounts. It is calculated as follows:
= Uncollectible accounts receivable written off - Opening allowance for Doubtful Accounts
= $90,000 - $36,000
= $54,000
Allowance amount:
= 10% of the balance in receivables
= 0.1 × $600,000
= $60,000
Therefore, the required adjustment to the Allowance for Doubtful Accounts at December 31, 2017 is determined by summing up the excess amount and allowance amount.
= Excess amount to be adjusted to allowance for Doubtful Accounts + Allowance amount
= $54,000 + $60,000
= $114,000
Answer:
GATT
Explanation:
The General Agreement on Tariffs and Trade (GATT) is a legal multilateral agreement between many countries, whose overall purpose was to promote substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis.