Answer:
$3,860
Explanation:
The balance in the account Allowance for Doubtful Accounts is expected to be the projected amount in receivables of the company that will not be converting to cash.
Therefore to calculate final balance of allowance for doubtful balance
Beginning balance 2700
Bad debt expense (410000*1%) 4100
Less: Written off -2940
Ending balance 3860
So answer is $3,860
Answer: The internal auditor discovered it when performing a routine audit of expense reimbursements
Explanation:
Marcus Lane, was a geologist who travelled all over North America and South America and this results in several expense reimbursements. Lane engaged in fraudulent activity by double booking his air travel.
He used cheaper ticket for the actual flight and more expensive ticket was returned for credit. But, he submitted the expensive ticket for reimbursement.
The fraud was discovered by the internal auditor while doing a routine audit of expense reimbursements. He was terminated and he agreed to pay the money back.
A functional/hybrid resume would be more suitable for this situation.
Chronological order is normally most supportive when itemizing work understanding, so a potential boss can see where you worked and for to what extent, so it isn't as simple to apply chronological order to your group inclusion or broad preparing.
Answer:
FV= $115,928.81
Explanation:
Giving the following information:
Monthly deposit= $70
Interest rate= 0.12/12= 0.01
n= 24*12= 288
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {70*[(1.01^288) - 1]} / 0.01
FV= $115,928.81
