All categories

3 years ago

Question 15 Multiple Choice Worth 5 points)

Business

1 answer:

Fiesta28 [93]3 years ago

7 0

Answer:

She filled for bankruptcy last year.

You might be interested in

A critical analysis of a preferred alternative to ascertain its strengths and weaknesses before it is implemented, with the purp

Aleonysh [2.5K]

Answer:

Devil’s advocacy

Explanation:

Devil’s advocacy is a thorough analysis of a preferred alternative to check and test its strengths and weaknesses before being implemented with the purpose of identifying all the faults that might make the preferred alternative unacceptable.

This method helps in determining the dangers of any action taken by an individual or group of persons.

8 0

3 years ago

Read 2 more answers

Write a sample professional greeting you would use when performing a cold call at a business for the purpose of delivering your

allochka39001 [22]

<span>Good day! This is [insert name here]. I am interested in applying for a position with your company and I am calling to see if I can make an appointment with human resources to submit my resume. May I know who I should talk to regarding this? Thank you very much!</span>

8 0

2 years ago

you hear about an economy with no change in the number of workers or capital. yet, production increases. what idea does this ill

olasank [31]

Answer:

It might be because of an increase in efficiency in the workforce or advances in technology. Hope it helps :)

Explanation:

8 0

3 years ago

Mills Corporation acquired as a long-term investment $290 million of 8% bonds, dated July 1, on July 1, 2021. Company management

kow [346]

Answer:

Journal Entries are given below

Explanation:

Mills Corporation-journal Entries

Date Particulars Debit (In Miln) Credit (in Mln)

01-Jul-21 Bond Investment $290.00

Investment premium $50.00

Cash $340.00

Investment recorded

31-Dec-21 Cash ($290 * 8% * 6/12) $11.60

Premium bond investment $1.40

Interest revenue ($340*6%*6/12) $10.20

Revenue recognized for bond interest and amortization of discount.

31-Dec-21 Unrealized holding gain or loss $8.60

Fair value adjustment ($340 - $330 - $1.40) $8.60

investment recorded at fair value.

02-Jan-19 Fair value adjustment Dr $8.60

Reclassification adjustment - $8.60

Fair value adjustment at the time of sale

02-Jan-19 Cash $290.00

Loss on sale of investment $48.60

bond investment premium $48.60

Investment in Bond $290.00

Sale of investment.

3 0

3 years ago

The company estimates future uncollectible accounts. The company determines $4,400 of accounts receivable on January 31 are past

Salsk061 [2.6K]

Answer:

Journal entry

Explanation:

Before passing the journal entry we need to do the following calculations

Uncollected amount is

= $4,400 × 50%

= $2,200

Uncollected amount is

= ($4,400 - $2,200) × 0.03

= $2,200 × 0.03

= $66

So, the total amount is

= $2,200 + $66

= $2,266

Now the journal entry is

Bad debt expense $2,266

To Allowance for uncollectible accounts $2,266

(Being the uncollectible account is recorded)

4 0

3 years ago