After accounting for bad debt expense, the remaining amount in the allowance for doubtful accounts is $7,950.
<h3>
What is bad debt?</h3>
Bad debt, sometimes referred to as uncollectible accounts expense, is a sum of money owed to a creditor that is unlikely to be paid and for which the creditor is not willing to take action to collect for a variety of reasons, frequently due to the debtor not having the money to pay, for example due to a company going into liquidation or insolvency. Depending on accounting practices, regulatory considerations, and the institution provisioning, there are many technical definitions of what a bad debt is. Bank loans in the USA are referred to as "problem loans" if they are more than 90 days overdue. Accounting sources recommend deducting the entire amount of a bad debt from profit and loss or from a provision for bad debts as soon as it is anticipated.
To learn more about bad debt, visit:
brainly.com/question/28138659
#SPJ4
The objects that fulfill the needs and wants of consumers are products.
Answer: c. $117,600 and $213,600 respectively
Explanation:
Income tax expense = Income before tax * tax rate
= 294,000 * 40%
= $117,600
Net Income = Income before tax - tax expense + ( Tax adjusted discontinued operations income)
= 294,000 - 117,600 + ( 62,000 * (1 - 40%))
= $213,600
The organizations likely to help the most from the global reach of e-commerce exist those that: formerly depended on foot traffic into one physical store to sell their products.
<h3>What is e-commerce?</h3>
E-commerce (electronic commerce) stands for the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, especially the internet. These business transactions happen either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer, or consumer-to-business. E-commerce exists in the action of electronically buying or selling products on online services or over the Internet. Ecommerce can be described as the buying and selling of goods electronically online. It is prevalent because of the many advantages of e-business -internet commerce, electronic funds transfer, mobile commerce – this exists broken up into two parts.
Global Reach guides a business initiative to improve the access between a company and their current and potential customers via the usage of the Internet. The organizations likely to help the most from the global reach of e-commerce exist those that: formerly depended on foot traffic into one physical store to sell their products.
To learn more about e-commerce refer to:
brainly.com/question/23369154
#SPJ4
