Answer:
The correct answers are: one third; two thirds.
Explanation:
The term "tax reduction" may seem a bit confusing, because it is a broad term that covers a wide range of situations that result in a lower amount of the tax collected by the government. The only thing that all tax cuts have in common is that they modify a pre-existing tax law or implement a new one that effectively reduces the amount of taxes you have to pay.
Public spending is that made by the public sector in a given period. It includes all fiscal expenditure, plus all expenses of fiscal and semi-fiscal companies with autonomous administration of the central government. Public spending goes to public consumption goods and capital goods, public investment.
Answer:
The required adjusting entry to record estimated bad debts expense is as follows:
Debit Bad Debts Accounts with $39,960
Credit Allowance for Doubtful Accounts with $39,960
Being the adjustment to bring the Allowance for Doubtful Accounts up a new credit balance of $43,625.
Explanation:
The Allowance for Doubtful Accounts had a credit balance of $3,665. Since management had estimated that $43,625 of the Accounts Receivable balance would be uncollectible, this means that the difference $39,960 ($43,625 - $3,665) would be the adjusting amount to bring the balance up-to-date.
Remember that the Allowance for Doubtful Accounts is a contra account to the Accounts Receivable. It is used to reduce the balance of the Accounts Receivable based on collectibility judgement or estimate which management makes out of experience. The balance in this account is, therefore d,educted from the Accounts Receivable in the Balance Sheet in order to obtain the net Accounts Receivable balance.
The account that expenses the increase in this account is the Bad Debts Expense Account, which is taken to the Income Statement to reduce the income.
A retailer who utilizes an everyday low pricing <span>policy charges a constant low price with little or no price promotions and special sales.
with everyday low pricing policy, customers does not need to wait for specific events in order to get cheap products, which lead to the stability of income and more accurate financial prediction for the company</span>
<span>A company that is most motivated to make money has a
letter D: profit motive. Profit motive is an economics term relating to an
organization (specifically business) expected to earn more profit than the expenses
they have given. This type of organization differs from nonprofit because NGOs
are more on accomplishing their advocacy without expecting profits in return.</span>