Essay about an private company

Events that occur after the December 31, 2021 balance sheet date, but before the balance sheet is issued, and provide additional

Serhud [2]

Answer:

C) used to record an adjustment to Bad Debt Expense for the year ending December 31, 2021.

Explanation:

Retained earnings account cannot be adjusted after December 31 (or whenever the balance must be done), but bad debt expense can be adjusted, specially if it increases.

Generally a company estimates it bad debt expense, the different methods used to estimate bad debts (allowance, percentage or aging methods) are used more commonly than the direct write-off method. But as every estimate, they can be close to reality or not.

E.g. some companies might have a very important client that represents a large portion of their credit sales, and if suddenly that large client that had always paid on time defaults, that event must be included in the balance sheet since the bad debts expense will increase significantly.

6 0

4 years ago

What part of the american economy did not enjoy prosperity in the 1920s?

ira [324]

During the prosperity of the america during 1920, it is not well distributed. nearly half of its population still resides in the rural areas where there primary source of income is farming. this is the time that farming is not suited for business. because at that time many manufacturing came and mass production

7 0

3 years ago

Last year Kruse Corp had $355,000 of assets, $403,000 of sales, $28,250 of net income, and a debt-to-total-assets ratio of 39%.

maksim [4K]

Answer:

It will improve the ROE by 5.29% to 18.34% from 13.05%

Explanation:

current values

assets 355,000

sales 403,000

net income 28,250

debt to assets = 39%

debt = assets x 39% = 355,00 x .39 = 138,450

equity = assets - debt = 355,000 - 138,450 = 216,550

Current ROE

net income / own funds (equity)

28,250/216,500 = 0,1304849 = 13.05%

With the proposition of reducing assets to 252,500

debt = assets x 39% = 252,500 x .39 = 98,475

equity = assets - debt = 252,500 - 98,475 = 154,025‬

proposition expected ROE

28,250/154,025 = 0,183411783 = 18.34%

Change in ROE 18.34 - 13.05 = 5.29

6 0

3 years ago

There are two ratios which are used to measure airline performance. one measures efficiency while the other measures equipment u

den301095 [7]

Operating ratio-measures the portion of operating revenue that goes to operating expenses, only revenue and expenses generated from passenger and freight transportation are considered

(operating expenses/operating revenue)*100

load factor-measures the percentage of a plane's capacity that is utilized,

(number of passengers/total number of seats)*100

All pilots should be interested in weight and balance control. The two changeable factors that can alter an aircraft's total weight and CG location are loading and fuel management, both of which are under the control of the pilot.

The owner or operator of the aircraft should guarantee that the pilots have access to current information and that the proper entries are made in the records when repairs or modifications are completed. The CG is altered as a result of equipment removal or addition.

To learn more about Airlines load here

brainly.com/question/13318528

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6 0

2 years ago

Can someone please help me ????????????

hoa [83]

It would be structural unemployment as the structure of the business is changing and modernising

6 0

3 years ago

Essay about an private company​

Essay about an private company