Answer:
$440,000
Explanation:
Depletion expense = (Total barrel extracted/ total barrels that can be profitably extracted) x price
(32,000 / 640,000) x $8,800,000 = $440,000
I hope my answer helps you
Answer:
$6,000
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Since the Allowance for Doubtful Accounts has a credit balance of $1,200 before adjustment at December 31, 2016, the additional amount to be allowed
= $7200 - $1200
= $6000
This will be posted as
Debit Bad debt expense $6000
Credit Allowance for doubtful debt $6000
Answer:
The correct answer is: Customer-facing processes.
Explanation:
The customer-facing process is the type of business in which a vendor is in charge of not only for the sale but also for all the steps involved in delivering the product sold to the buyer. Customer-facing processes are considered part of Customer Relationship Management (CRM) and aim to increase the satisfaction of consumers.
Answer:
$8,542,000
Explanation:
Stockholder's equity is computed as seen below;
Common stock and paid in capital
$4,900,000
Retained earnings
$3,900,000
Treasury stock
($258,000)
Total stockholder's equity
$8,542,000
Therefore the shareholder equity basis as of Dec 31 2022 is $8,542,000
The answer is STOCK EXCHANGES. A stock
exchange is an organization where its members (stock brokers and traders) can
buy and sell stocks (shares), bonds, and other securities behalf of companies
and individual investors. It may also provide facilities for the issuance and redemption
of these securities.