Answer:
WILL YOU PAY ME IF I TELL YOU THE ANSWER
Explanation:
Answer:
Deductible Interest is $11,250
Explanation:
Compute at the amount of $750,000 the interest Amy could deduct as follows:
Since the interest on loan secured by home could be deduct on the first $750,000 borrowing amount. Hence,
Deductible Interest = Interest Paid × ($750,000 / Loan Secured by income)
Deductible Interest = $12,000 × ($750,000 / $800,000)
Deductible Interest = $11,250
Hence, the Amy could deduct interest on borrowing $11,250
Answer:
E) all of the above
- A. testimonial
- B. the product itself
- C. portfolio
- D. advertisements
Explanation:
Testimonials are statements that support your credibility, reputation or level of expertise.
If you are trying to sell something, it always helps to be able to show the physical product.
You should keep updated your sales portfolio specially with any new deal or promotion offered by the company or different discount prices.
Advertisements always help by making more people know about your product.
Answer: $5,440
Explanation:
When using the percent of sales method to determine bad debts, the company estimates a percentage that it believes will results in uncollectible debt and then applies it to the sales/revenue figure. The figure that is calculated is then debited along with the debit balance on the Allowance for doubtful accounts to the Bad debts account for the year and credited to the Allowance for doubtful accounts.
This company estimates that they will have 0.6% of credit sales uncollectible.
There are also $790,000 in sales of which all are on credit.
The Uncollectible estimate is therefore,
= 790,000 * 0.6%
= $4,740
This figure is then added to the debit amount on the Allowance for Uncollectible Accounts.
= 4,470 + 700
= $5,440
Note; A debit balance on the Allowance for doubtful debt account signifies that the bad debts were higher than anticipated the last time. This is why the figure is added to the current bad debts expense.
