Answer:
The balance of uncollectible accounts after the adjustment will be $15,000
Explanation:
On December 31, the balance of the accounts receivable is $300,000 and on same data it is suggested that the 5% of the account receivable will be not be collected.
So, the balance of the uncollectible accounts will be computed as:
Uncollectible accounts = Account receivable balance × % which will not collected
where
Account receivable balance is $300,000
% which will not be collected is 5%
Putting the values above:
= $300,000 × 5%
= $15,000
NOTE: The allowance for uncollectible accounts of $1,000, already credited, so will not be considered again.
Answer:
Accounting rate of return, also known as the Average rate of return, or ARR is a financial ratio used in capital budgeting. The ratio does not take into account the concept of time value of money. ARR calculates the return, generated from net income of the proposed capital investment. The ARR is a percentage return. Say, if ARR = 7%, then it means that the project is expected to earn seven cents out of each dollar invested (yearly). If the ARR is equal to or greater than the required rate of return, the project is acceptable. If it is less than the desired rate, it should be rejected. When comparing investments, the higher the ARR, the more attractive the investment. More than half of large firms calculate ARR when appraising projects.
Explanation:
hope this helps
Answer:
The Sun is 91.452 million miles away from Earth.
Explanation:
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The correct term to fill in the blank would be rent. The price paid for the use of someone else's property is called rent. It is a periodic and fixed amount of money paid by one that uses the possession of one.
