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Crazy boy [7]
3 years ago
8

Kingston Co. uses the percentage-of-receivables basis to record bad debt expense.

Business
1 answer:
Troyanec [42]3 years ago
4 0

Answer:

Explanation:

The journal entry to record the bad debt expense is shown below:

Bad debt expense A/c Dr  $2,700

      To Allowance for doubtful debts $2,700

(Being bad debt expense is recorded)

The computation of the bad debt expense is shown below:

= (Accounts receivable × estimated percentage given ) - (credit balance of Allowance for Doubtful Accounts)

= ($420,000 × 1%) -  ($1,500)

= $4,200- $1,500

= $2,700

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Charles wants to work for himself in the Transportation and Logistics career cluster. Which lists the jobs with the
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The second one is the best chance to be self employed at because logisticians require a degree and there is less call for them.
6 0
2 years ago
Marcus is considering which college major to choose. In taking a rational approach, Marcus should consider
harkovskaia [24]

Answer:

Science or physics.

Explanation:

You didn't give us the choices

8 0
1 year ago
Barton, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined-
miv72 [106K]

Answer:

Amount of pension expense for 2021 is $816,000.

Explanation:

Note: The data in the question are merged together and they therefore sorted before answering the question. The complete question with the sorted data is therefore given as follows:

Barton, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined-benefit pension plan for the year ended December 31, 2021.

                                                       January 1, 2021     December 31, 2021

Fair value of pension plan assets     $5,600,000              $6,000,000

Projected benefit obligation                6,400,000                6,880,000

Accumulated benefit obligation            1,120,000                 1,360,000

Accumulated OCI - (Gains / Losses)            -0-                       (120,000)

The service cost component of pension expense for 2021 is $600,000 and the amortization of prior service cost due to an increase in benefits is $80,000. The settlement rate is 10% and the expected and actual rates of return are 9%. What is the amount of pension expense for 2021?

The explanation to the answer is now given as follows:

The amount of pension expense for 2021 can be calculated using the following formula:

Amount of pension expense for 2021 = Service cost component of pension expense for 2021 + Amortization of prior service cost due to an increase in benefits + (Projected benefit obligation on January 1, 2021 * Settlement rate) - (Fair value of pension plan assets on January 1, 2021 * Rates of return) ....................... (1)

Where;

Service cost component of pension expense for 2021 = $600,000

Amortization of prior service cost due to an increase in benefits = $80,000

Projected benefit obligation on January 1, 2021 = $6,400,000

Settlement rate = 10%

Fair value of pension plan assets on January 1, 2021 = $5,600,000

Rates of return = 9%

Substituting the values into equation (1), we have:

Amount of pension expense for 2021 = $600,000 + $80,000 +($6,400,000 * 10%) - ($5,600,000 * 9%)

Amount of pension expense for 2021 = $816,000

5 0
2 years ago
A resume should:
Tatiana [17]

Answer:

the answer would be A and D since i have too fill out a resume for appling for jobs in the past

Explanation:

like the owner or hiring person want to know a little more about your life and know about if you had other jobs and why did you leave them and if they feel a reason they will find out them self and see what they can do.And if your a felon in USA they will check on why did you go too jail and what for some will not hire felons cause they think they are not trust worthy i hope this helped you

3 0
3 years ago
Leslie in as administrative manager with a number of exciting new ideas about how to change organizational procedures and run th
Viefleur [7K]

Answer:

discretion.

Explanation:

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, managers are required to engage their staff members (entire workforce) in the most efficient and effective manner.

In this scenario, the leadership of the company exhibited a low degree of discretion, which would consequently limit Leslie's ability to influence the other staffs (employees) working in the company while trying to achieve his goal.

6 0
2 years ago
Read 2 more answers
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