Answer:Bad debt expenses will be $2000 on the income statement and Allowance for uncollectible Accounts will be ($3000) on the balance sheet.
Explanation:
The bad debt accounts and allowance for uncollectible accounts are stated in the income and balance sheet statement respectively yearly to monitor activities on collectible debts.
A firm based on his experience determined an estimated percentage of debts outstanding for the year that are likely to go bad. If the new estimate is greater than the previous year, the difference is debited to income statement and if the new estimate is less than the previous year estimate the difference is credited to the income statement.
In the above scenario the new year estimate is greater than previous year by $ 2000 and that lead to $2000 to be debited to income statement.
The balance is made to reflect the total of the new estimate to be deducted from collectible debt and this is why ($3000) goes to the balance sheet.
The return that can be earned on investment opportunities available to investors in financial markets is called the Dividend cost of capital. Any location or system that gives buyers and sellers the ability to trade financial assets, such as bonds, shares, the various international currencies, and derivatives, is referred to as a financial market.
The connection between people with capital to investment and those who need capital is facilitated by financial markets. The stock market, bond market, foreign exchange market, commodities market, and real estate market are a few examples of financial markets and their functions. Financial markets can also be divided into listed.
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Answer:
Regressive tax
Explanation:
Regressive tax is a form of tax that taxes lower and middle income individuals a higher rate than high income individuals.
Progressive tax is a form of tax that taxes high income individuals a higher rate when compared to low and middle income individuals.
Proportional tax is a type of tax where the same tax is paid irrespective of level of income.
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The one issue which managers <em>did not face</em> 50 years ago compared to today is:
- B. Determining fair compensation
<h3>Fair compensation for workers</h3>
With regards to workers compensation and <em>overall care for their well being, </em>we can see that fifty years ago, workers did not have the protection which they enjoy today.
For example, they did not have paid leave, other benefits and sometimes they worked without pay, but all that changed with the formation of workers union which looks out for the well being of workers.
Therefore, the correct answer is option B
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Answer:
Be rated for safety by the USDA
Explanation:
Presence of insect pest around areas of food production poses a lot of risk such as contamination of food which might impact negatively on public health. However, in an attempt to control these insect pests, the problem of food contamination as a result of insect infestation that we're trying to solve might still be increased if safety measures are not strictly adhered to when manufacturing and using insect control devices.
Hence, it is necessary and of utmost importance that insect control devices must be rated for safety by USDA to ensure compliance with laid down measures and protocols for safe control of insect without contamination of food.