Answer:
d.$1,685
Explanation:
Though many jobs were completed, but only Job 356 and 357 were sold.
Cost of Goods Sold = cost of job 356 +cost of job 357
= $450 + $1,235
= $1,685
Answer and Explanation:
The computation is shown below:
a. Amount of adjusting entry for uncollectible accounts
= Estimated balance of Allowance for Doubtful Accounts + debit balance
= $16,400 + $4,000
= $20,400
b. Adjusted balances
For account receivable
= account receivable
= $420,000
For allowance for doubtful debts
= Estimated amount
= $16,400
For bad debts
= AMount of adjusting entry
= $20,400
c. Net realizable value
= Account receivable balance - estimated balance of Allowance for Doubtful Accounts
= $420,000 - $16,400
= $403,600
Answer:
Donative intent.
Explanation:
Donative intent refers to the conscious desire to make a gift. This is different from giving something for nothing by mistake or under pressure.
Answer:
Bill has $25,000 at-risk and he can also deduct $25,000 from his income due to the losses associated with his rental activity.
Explanation:
At risk amounts are the money that investors can lose due to a bad business decision or performance. The maximum amount that an investor can deduct is equal to the at-risk amount that he/she has invested.
Bill's at-risk $25,000 are equal to the money he spent on house repairs.
This is an example of vaporware where the company is planning to launch the software and will correct errors along with upgrades.
<h3>What is software?</h3>
A sequence of instructions, data, or programs used to control computers and perform certain activities is known as software. Applications, scripts, and programs that operate on a device are referred to as software.
Vaporware refers to products that are announced but never produced or officially cancelled. It is publicized months or years before it is supposed to be deployed with little information about its development available.
This strategy is useful as it stops customers to avoid switching to competitors' brands and products. These will help to create a buzz in teh market and helps in the retention of the customer.
Learn more about vaporware, here:
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