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In-s [12.5K]
4 years ago
14

Identify and describe the basic elements of a safety program

Business
1 answer:
lys-0071 [83]4 years ago
7 0
Hope it helps! ///////////

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On december 31, 2015, cool wear inc. had balances in accounts receivable and allowance for uncollectible accounts of $41,000 and
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$6,000.00 - ($2,050.00 - $750.00) =

$6,000.00 - $1,300.00 = $4,700.00

Bad debt expense for 2019 would be: $4,700.00

6 0
3 years ago
When you receive an assignment to write a report, you should begin the report-writing process by
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B) begin your research
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3 years ago
On December 31, 20X2 and 20X3, Apex Co. had 3,000 shares of $100 par, 5% cumulative preferred stock outstanding. No dividends we
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Answer: the correct answer is a disclosure of $20,000

Explanation:

The annual preferred stock dividend is $15,000 = 3,000 x $100 x 5%. Total dividends in arrears at the end of 20X3 are therefore $20,000 = 2 years x $15,000 - $10,000 paid.

Dividends in arrears are footnoted only. They are not recognized as a liability until they are declared.

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3 years ago
What is the total value of items owned by a business called
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Explanation: assets

7 0
1 year ago
Read 2 more answers
Use the​ percent-of-sales method to prepare a pro forma income statement for the year ended December​ 31, 2015, for Hennesaw​ Lu
777dan777 [17]

Answer:

207,000

Explanation:

We can find the net profit after tax under the percent of sales method as follows. workings are explained as in order to estimate the net profit after tax we need to estimate the variable cost according to estimated sales.

Sales                                                               $4,500,000

Cost of Goods Sold                                       ($3,825,000)

((3,570,000/4,200,000) x 4,500,000)

Gross Profit                                                      $675,000

Operating Expenses                                      ($225,000 )

(( 210,000 / 4,200,000) x 4,500,000 )          

Operating Profits                                           $450,000

Interest Expense                                             ($105,000 )

Net Profit before Taxes                                    $345,000

Taxes ( 40 %)                                                    ($138,000 )

Net Profit after Taxes                                     207,000

7 0
3 years ago
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