Answer:
The amount of bad debt exp is 7000
Explanation:
Allowance for bad debt exp has a credit balance of 7500 before adjusting entry
Now the management wants to estimate the uncollectible accounts at 14500
So we have to increase the balance of the allowance account from 7500 to 14500
Like 14500-7500=7000
So we need to record the entry by 7000 to increase the amount of the allowance to 14500
The entry
Bad debt exp Dr. 7000
Allowance for doubtful accounts Cr 7000
Now the bad debt exp will be reported in the income statement by 7000
Answer:
$1,290
Explanation:
The revenue to be recognized in march is dependent on if the revenue recognition criteria was met in march. These criteria are
- the cost of goods delivered or service rendered can be measured reliably
- good/services were delivered/rendered in the month
This is irrespective of whether cash was collected or not under the accrual method.
Given that Digby delivers 86 units in March at a price of $15.00, revenue to be recognized
= 86 * $15
= $1,290
The answer to this quiestion is a jalandhar jakob jsjsjd
without context this sounds like the answer is forensic science.
Answer:
more than
earn interest
discount cash flow (DCF)
Explanation:
The concept of future value represents the amount that a lump sum or series of cash flows will achieve after a given period when compounded at an interest rate. This means that a dollar in hand today is worth more than a dollar to be received since it can be applied to earn interest.
The time value of money, which allows us to evaluate different investments, is also known as discount cash flow (DCF).
