Answer:
Bad debt expense (w/o allowance) = $2,875
Bad debt expense ( with allowance) = $2,675.
Explanation:
According to the scenario, the given data are as follows:
Net credit sales = $115,000
Uncollectible percentage = 2.5%
So, we can calculate the bad debt expense without Allowance for doubtful accounts by using following method:
Bad debt expense ( W/o allowance) = $115,000 × 2.5%
= $2,875
After Allowance for doubtful expense
Bad debt expense = $2,875 - $200
= $2,675
Answer:
1 billion
Explanation:
According to the World bank, about 1 billion people are malnourished around the world despite its efforts to reduce the rate of malnourishment in some lower-income nations. A larger percentage of this 1 billion malnourished people are in the Asian and Pacific continents; rather large percentage of about 60-65 percent.
I hope this helps.
- The district court will first determine if there is a conflict between state and federal law with regard to the matter at hand before deciding whether to apply state or federal law.
- If there is a contradiction between the appropriate state and federal laws, the district court must determine whether a valid federal statute or Federal Rule addresses the contested matter.
- If there is no applicable federal act or regulation, the court must decide whether federal common law or state law should be applied.
- When a "uniquely federal interest" is at risk and a considerable conflict arises between that interest and the operation of state law, the Supreme Court has also acknowledged the application of federal common law.
<h3>Federal district court took decision -</h3>
- If there are significant, overriding federal interests at stake that require the application of federal law, a federal court may still apply federal common law.
- Such federal interests are evident in this case, as was previously discussed.
Learn more about federal district court brainly.com/question/12368109
#SPJ4
Answer:
37,000 common stock outstanding
preferred stock dividends = $82,000 x 10% = $8,200
Case A The preferred stock is noncumulative, the total amount of dividends is $32.000
- dividends distributed to preferred stockholders = $8,200
- dividends distributed to common stockholders = $32,000 - $8,200 = $23,800
since the preferred stocks are non-cumulative, if dividends are not paid during a certain they are "lost" and will not be recovered.
Case B The preferred stock is cumulative, the total amount of dividends is $24,600
- dividends distributed to preferred stockholders = $8,200 x 3 = $24,600
- dividends distributed to common stockholders = $0
Case C The pretend stock is cumulative, the total amount of all dividends is $90,200
- dividends distributed to preferred stockholders = $8,200 x 3 = $24,600
- dividends distributed to common stockholders = $90,200 - $24,600 = $65,600
