Answer:
- What is the amount of bad debt expense?
Bad debt expense $ 90
Explanation:
The initial account balance was
Accounts Receivable $ 10,000
Allowance for Uncollectible Accounts $ 100
The aging of accounts receivable method indicates that the Allowance for Uncollectible Accounts must have a $190 balance.
Acc. Rec Allow.
$ 9,000 $ 90 1% 1-30 days
$ 1,000 $ 100 10% more than 30 days
$ 10,000 $ 190
The journal entry adjustment add up to the balance of Allowance for Uncollectible Accounts to complete the $190 indicated by the aging of accounts receivable method.
Bad debt expense $ 90
Allowance for Uncollectible Accounts $ 90
- So the final balance of accounts are:
Final Balance
Accounts Receivable $ 10,000
Allowance for Uncollectible Accounts $ 190
Savings by<u> Household</u> in small dollar amounts is the origin of much of the money that funds business loans in an economy.
<h3>What is loan budget a business?</h3>
Business financing is a funding opportunity for business owners to access company loans to be able to pay for things like temporary cash flow interruptions, development schemes, inventory and equipment, and seasonal points in activity.
<h3>What is a good excuse for a business loan?</h3>
Probably the most obvious reason to think a small business loan is to invest in an increase opportunity for your business. When business is booming, continuing to grow your company can help ensure that your profits don't table or shrink.
To learn more about Business financing , refer
brainly.com/question/25534066
#SPJ4
A collusive agreement between two firms is likely to break down when detection of cheaters is difficult
.
Option D
<u>Explanation:
</u>
Collusion is a secret agreement between two or more parties to suppress open competition by misleading, lying or defrauding others of their rightfulness or achieving a goal prohibited by law that usually is to defraud or gain an unacceptable market advantage.
It is an agreement between companies or individuals that divides a market establishes prices, limits or limits production opportunities. It can include "strike, pay manipulation, kickbacks or the freedom of the relationship between the two parties." All collusion-driven actions are considered null and void legally.
In the USA, Canada collusion is illegal because of antitrust legislation, but implicit collusion even now takes place in the method of price management and tacit agreement.
Example: Google and Apple announced that both firms decided not to hire people to work together to stop wage growth in 2015, a statement against bullying collusion by employees.
Answer:
Present value (P) = $4,000
Interest rate (r) = 6% = 0.06
Number of years (n) = 5 years
FV = P(1 + r)n
FV = $4,000(1 + 0.06)5
FV = $4,000(1.06)5
FV = $4,000 x 1.338225578
FV = $5,353
Explanation:
The future value of the investment is a function of present value multiplied by 1 + interest rate raised to power number of years.
Answer:
A) 24 hours
Explanation:
The Consumer Product Safety Act (CPSA) established the Consumer Product Safety Commission (CPSC) which is the government entity in charge of setting product safety standards, requesting recalls and banning products if necessary.
In this case, if a toy is potentially dangerous then the company must notify the CPSC within one business day and start the recall procedure immediately.
