Answer:
Explanation:
The fact that members of that particular community are willing to pay a large sum of money as much as $25,000 demonstrates their willingness to pay for clean air which is actually beneficial to the health because studies have shown that breathing in unclean air can lead to several respiratory illnesses of varying severity.
Answer:
debit cash $250,000; credit notes payable $250,000
Explanation:
July 1, journal entries should be:
- Dr Cash account 250,000
- Cr Notes Payable account 250,000
Since cash is an asset account and it increases (the company receives money), it should be debited.
Since notes payable is a liability account and it increases, it should be credited.
Answer:
Net Accounts Receivable $363300
When the allowance for uncollectibles is maintained the allowance for uncollectibles method is used in which allowance for uncollectibles is deducted from the accounts receivables.
Explanation:
If the method of allowance for uncollectibles is used the amount of allowance for uncollectibles is deducted from the accounts receivables.
Bonita Industries
Accounts Receivable $397000
Less Allowance For Uncollectible $33700
Net Accounts Receivable $363300
IF the direct write off method is used the bad debts are directly deducted from the accounts receivable.
Bonita Industries
Accounts Receivable $397000
Less Uncollectibles $33300
Net Accounts Receivable $363700
Answer:
Total return = 14.94%
Explanation:
Options are <em>"14.17%
, 13.40%
, 14.94%, 11.43%, 3.50%"</em>
End price = $59.46
Beginning price = $53.36
Dividend = $1.87
Total return = (End price - Beginning price + Dividends) / Beginning price
Total return = ($59.46 - $53.36 + $1.87) / $53.36
Total return = $7.97 / $53.36
Total return = 0.1493628185907046
Total return = 14.94%
