Answer: $3,575
Explanation:
Opening balance for Allowance for Noncollectable Accounts for 2022 is closing balance for 2021 = $1,300.
Cool wear wrote off $775 during the year which would come out of the allowance;
= 1,300 - 775
= $525
An allowance of $4,100 was determined for the year which means that the Bad debt expense is the difference between the determined allowance and the current balance because this is the amount that the account had to be increased by to cater for the bad debt expense.
= 4,100 - 525
= $3,575
Answer:
c. Bonds.
Explanation:
Bonds are not included in current assets because usually they are long term investments whereas current assets are assets which are liquid and will be used or sold in a years time. Cash is a current asset because it is expected to be used or consumed in a years time, accounts receivable is a current asset because it is expected that our clients will pay us in a years time, highly liquid marketable securities are cash equivalents and inventory is also used in a year so it is also a current asset. Bonds on the other hand are long term and last more than a year that's why Bonds are not current assets.
Answer:
Net Operating Profit After Taxes or NOPAT
Explanation:
NOPAT is calculated by substracting the tax expense from the revenue that the company obtains exclusively from its operating activities. This means that NOPAT does not include income from non operating activities like small investments or one time sales of capital goods.
NOPAT is a very important indicator in corporate finance, often used by analysts to gauge a company's true level of profitability. It is also an important element in the calculation of another important indicator, Economic Value Added or EVA.
<span>The world’s economic systems fall into one of four main categories: traditional economy, market economy, command economy and mixed economy; however, there are unlimited variations of each type. An economic system must define what to produce, how to produce it and for whom to produced it. Depending on the products produced and the environment, certain economic strategies will be more successful than others. This might help :)</span>
Answer:
yes
Explanation:
I do not know just need points help
