Answer:
Bad debts expenses for the year $ 44,400
Explanation:
Computation of Bad debts expenses for the year
Estimated uncollectible accounts based on ageing of receivable $ 49,400
Pre adjustment credit balance-allowance for uncollectible account <u>$ 5,000</u>
Bad debts expenses for the year $ 44,400
Answer: (D) Non-compete agreement
Explanation:
The non- compete agreement is one of the type of contract in which the an employee are preventing and also discourage them for not leaving the position in an organization due to the competition.
The main objective of this agreement is is avoid the utilization of the confidential information or data by another firm through employee of that company.
According to the given question, the Rachael signed the Non-compete agreement as it is one of the employment agreement that if she leaving the IKEA organization for any reason then she will not be able to work with the company that is competes against the IKEA organization for the two years.
Therefore, Option (D) is correct answer.
Answer:
$255,000
Explanation:
Given that,
2016:
Taxable and pretax financial income = $850,000
Tax rate = 30%
2017:
Taxable and pretax financial income = $850,000
Tax rate = 35%
Income tax refund receivable in 2018:
= Taxable and pretax financial loss in 2018 × Tax rate in the year 2016
= $850,000 × 30 percent
= $255,000
Note:
(i) The carry back provision allows losses to be carried back to preceding 2 years, with the amount of net loss being applied to earliest year first.
(ii) 2018 net loss should be applied to income of 2016 first.
<span>Mid-level managers oversee the activities of first-line managers. Mid-level managers are responsible for their department and report to top management. Mid-level managers must make sure that resources are allocated correctly and must invest money in training and development, materials, supplies and technology. They communicate the goals and strategies to first-line managers.</span>
