The allowance for doubtful accounts credited, instead of accounts receivable when recording the adjusting entry for bad debts Because accounts receivable is made up of numerous client accounts, it cannot be credited unless it is known which particular customer will not pay.
The provision for questionable accounts is referred to as a "counter asset" since it reduces the value of an asset, in this example, the accounts receivable. The compensation, often known as a doubtful account, is management's projection of the amount of accounts receivable that customers will not pay. Let's assume, using the aforementioned example, that on June 30 a business reports an accounts receivable debit balance of $1,000,000. The business predicts that $50,000 will not be converted into cash and expects some consumers won't be able to pay the full amount.
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Budgeting depends on cash inflow and outflow, and how much you have left affects investment decisions, retirement decisions, and financing decisions. ... All financial goals must be reasonable and achievable.
Answer:
The correct answer is: Management Discussion and Analysis.
Explanation:
The Management Discussion and Analysis report, often abbreviated as MD&A, is part of the financial statements of the companies where the performance of the company is measured compared to the previous period and the projections of the organization compared to the competing overall market is analyzed. The MD&A is part of the 10-K form requested by the Securities and Exchange Commission (<em>SEC</em>).
Answer:
8.46%
Explanation:
Calculation for the the taxable equivalent yield for this investment
Using this formula
Taxable equivalent yield
=Tax-exempt yield / (1 − Your tax rate)
Let plug in the formula
Taxable equivalent yield=0.055 / (1 - 0.35)
Taxable equivalent yield=0.055/0.65
Taxable equivalent yield=0.0846*100
Taxable equivalent yield= 8.46%
Therefore the taxable equivalent yield for this investment is 8.46%
Answer:
decline.
Explanation:
The decline stage of the product's life cycle is marked by declining sales and product profitability. Generally, in this phase, the product begins to be replaced by new technologies, becomes outdated and goes into disuse.
It is important for companies to be aware that when entering this phase, the product needs redesign planning, so that improvements are implemented that make it updated to be relaunched in the market and then start another life cycle.
