The amount that should be debited to Bad Debts Expense, assuming 3% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible is $1,913
<h3>What is bad debts expenses?</h3>
Bad debt are debts owned to a business which cannot be recovered. Here, the customer has chosen not to pay this amount.
Computation of amount to be debited to Bad Debts Expense:
= Accounts Receivable, debit balance of $97,800 * 3% of outstanding accounts receivable at the end of the current year
= $97,800 * 3%
= $2,934
Then,
= $2,934 - $1,021
= $1,913
Hence, the amount that should be debited to Bad Debts Expense, assuming 3% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible is $1,913
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Answer:
Each grilled cheese costs $1.25
Explanation:
Giving the following information:
Her income is $50 a week. Hamburgers cost $4, and she consumes 10 of them. She consumes eight grilled cheese sandwiches.
To calculate the price of the grilled cheese sandwiches, we need to use the following equation:
Income= cost of hamburgers*number of units + cost of grilled cheese*number of units
50= 4*10 + x*8
10=8x
$1.25= x= grilled cheese
Checkable deposit claims that depositors have against the assets of the bank. Thus, option 'A' is the correct option.
<h3>What are Checkable Deposits?</h3>
Any demand deposit account for which checks or drafts of any sort may be drawn is referred to as having checkable deposits in the technical sense. (The owner of a demand deposit account has the right to immediately, notice fewer withdrawals of funds.) The most liquid accounts available to consumers are checkable deposit accounts.
They also include any sort of negotiable draft, such as a Super NOW account or a negotiable order of withdrawal (NOW). (Withdrawing funds from NOW accounts may be subject to a seven-day written notification requirement, however, this is seldom necessary.)
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Answer:
The answer is d. Strategy becomes an increasingly important as a source of direction
Explanation:
C. The tools and processes that surround us to gather and interpret data can be defined as an information technology environment.
Our environment is what surrounds us - so if the environment is technological, then different types of technologies and tools are what fall under that category.
