Answer:
$656,000
Explanation:
Calculation to determine what The balance in the right-of-use asset after two years will be
Using this formula
Right-of-use asset after 2 years balance=Value of Asset- (Value of Asset*Used year)/Estimated Life
Let plug in the formula
Right-of-use asset after 2 years balance= $820,000 - ($820,000 / 10) * 2
Right-of-use asset after 2 years balance=$820,000-$164,000
Right-of-use asset after 2 years balance= $656,000
Therefore The balance in the right-of-use asset after two years will be:$656,000
Answer:
6% = 4500
5% = 3500
Explanation:
wo equations can be derived from the question
x + y = $8,000 equation 1
0.05x + 0.06y = $445. equation 2
x = amount invested in 5%
y = amount invested in 6%
multiply equation 1 by 0.05
0.05x + 0.05y = 400 equation 3
subtract equation 3 from 2
0.01y = 45
y = $4500
substitute for y in equation 1
8500 - 4500 = 3500
Answer:
B. debit to Bad Debt Expense for $3,200.
Explanation:
In the given question, the total of uncollectible accounts is $4,000 and the allowance for doubtful accounts has an $800 credit balance. The remaining amount which is left i.e $3,200 ($4,000 - $800) is debited to bad debt expense
The journal entry is shown below:
Bad debt expense A/c Dr $3,200
To Allowance for Doubtful Accounts $3,200
(Being bad debt expense recorded)
Answer:
Civic 50.
Explanation:
Bloomberg LP, in partnership with the National Conference on Citizenship and Points of Light, has created a scorecard of America's top community-minded companies which they call the civic 50. It was launched in the United States of America in 2012 and is a program designed and established to recognize and honour the fifty (50) most philanthropic, community-minded or socially responsible companies in the United States of America each year, determined by True Impact through an annual survey. These fifty (50) companies are selected based on this criteria; investment, integration, institutionalization and impact.