The cost of traveling on a bus, plane or subway is very cheap.
Answer:
Cash and contributed capital
Explanation:
The journal entry to record the sale of common stock is shown below:
Cash A/c Dr $45,000
To Common stock A/c $45,000
(Being the common stock is sold)
For recording this transaction, we debited the cash account as the sale is made which increases the asset and credited the common stock account because the common stock is sold which reduces the equity balance.
Answer:
1- Increasing
Explanation:
Term insurance is kind of a life insurance which during a specified term promises payment in case of death and when that specified term comes to an end it can be renewed (renewable term), terminated or made permanent. There are three types of term insurances.
- Renewable
- Decreasing
- Level
There is no such policy as Increasing under term insurances.
Under renewable term insurance the insurer can renew on a yearly basis without specifying specific term.
Under decreasing term insurance the insurer pays a fixed amount for the duration of the policy. The coverage of this life insurance policy declines at a predetermined rate over the life of the policy that's why the name decreasing.
Under Level term insurance the insurer also pays a fixed amount and policies under this insurance type cover a period, mostly between ten to thirty years.
Answer:
The correct answer is indirect bankruptcy costs.
Explanation:
Indirect costs are considered to be damage to the image and reputation of the company, lost investment opportunities, credit restrictions, conflicts with suppliers, loss of sales, conflicts with workers. Indirect costs are usually much higher than direct costs.
Answer: A
Explanation: Recieveable balance $18500, this is the cash inflow of the company
Allowance for doubtful accounts $1400 this is usually a percentage of money set aside from cash inflow for debts e.t.c.
Unaccountable account $400 usually debts
Receivable after deduction of allowance of doubtful accounts.
$18500 - $1400 = $ 17100
Allowance of doubtful accounts after deduction of debts
$1400 - $400 = $1000
Amount receivable immediately after write off
$17100 + $1000 = $18100
