C. you have a deficit of 1000
Explanation:
We say that we have a surplus when the net income is more than the total expenses, while we say that we have a deficit when the net income is less than the total expenses.
In this case, the net income is 1500, which is less than the total expenses (2500): so, we have a deficit. In order to calculate the deficit, we can use the formula
deficit = total expenses - net income
Substituting the data of the problem, we find
deficit = 2500 - 1500 = 1000
56m^2
see the steps from the pic
Answer:
$378,000
Step-by-step explanation:
The computation of the bad debt expense for the year is shown below:
Bad debt expense = Outstanding account receivable × estimated percentage given - credit balance of allowance for doubtful account
= $6,500,000 × 0.06 - $12,000
= $390,000 - $12,000
= $378,000
We simply deduct the credit balance from the estimated balance so that the correct amount could arrive
57/61 is in simplest form
