Answer: The entry to write off this account would be <u><em>debit Bad Debt Expense; credit Accounts Receivable.</em></u>
Here in this case Lowrey uses the direct write-off method of accounting for uncollectible accounts receivable.
<u><em>Therefore the correct option in this case is (b).</em></u>
Answer:
Option (B) is correct.
Explanation:
Given that,
Megabux National Bank currently has deposits = $200 million
Fed establishes a reserve requirement = 12 percent
Therefore,
Reserves must be hold by the Megabux national bank against its deposits:
= Amount of Deposits × Required reserve ratio
= $200 million × 12 percent
= $200 million × 0.12
= $24 million
Answer:
personnel management.
Explanation:
Training new personnel who just started working at the office fits under personnel management.
Personnel management can be defined as an administrative task or function which primarily involves the process of hiring employees and developing or training them to become beneficial and valuable for the growth and development of the company.
Hence, the main purpose and focus of personnel management is to provide a quality workforce necessary to successfully achieve the organizational set goals and objectives.
Answer:
Melodic motion is the quality of movement of a melody, including nearness or farness of successive pitches or notes in a melody. This may be described as conjunct or disjunct, stepwise, skipwise or no movement, respectively.
Answer: $44,000<span>
<span>The tax laws state that any payments (except PUNITIVE
DAMAGES) on the account of a physical injury or physical sickness are non-taxable.
Damages that taxpayers can receive relating to emotional distress are also non-taxable.
Punitive damages however are fully taxable, because they are intended to penalize
the harm-doer rather than to compensate the taxpayer for injuries.</span></span>
