Using the direct write-off method, Hanes will record the write-off of this account by <u>debiting</u> the Bad Debts Expense account.
<h3>What is the direct write-off method?</h3>
The direct write-off method is one of the methods for writing off uncollectible accounts.
With the direct write-off method, the bad debts expense account is <u>debited</u> while the accounts receivable are <u>credite</u>d.
Thus, using the direct write-off method, Hanes will record the write-off of this account by <u>debiting</u> the Bad Debts Expense account.
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Answer:
Of course this is a retaliatory action. Troy filed a complaint for discriminatory harassment against Cinthia and she answers back by discriminating against Troy even more. All she needed to do was stop discriminating against Troy, she wasn't supposed to increase discrimination against him. This is an example of what shouldn't happen.
Explanation:
Answer:
The correct answer is: generativity vs. stagnation.
Explanation:
According to German psychoanalyst Erik Erikson (1902-1994), there are <em>eight (8) stages of Psychosocial Development</em>. Generativity vs. Stagnation is the seventh stage where individuals are between 40 to 65 years. <em>Generativity </em>aims to individuals' self-satisfaction by making an impact in their immediate surrounding environment. Failure to contribute to others' development causes <em>stagnation </em>and individuals tend to feel disconnected from their atmosphere.
Answer:
Annual deposit= $2,803.09
Explanation:
<u>First, we need to calculate the monetary value at retirement:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual payment
FV= {22,000*[(1.08^25) - 1]} / 0.08
FV= $1,608,330.68
Now, the annual deposit required to reach $1,608,330.68:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,608,330.68*0.08) / [(1.08^50) - 1]
A= $2,803.09
