Answer:
Journal entry
Date Account & Explanation Debit Credit
Mar 17. Cash $2,700
Allowance for doubtful accounts $6370
Account receivable $9,070
Jul 29 Account receivable $6,370
Allowance for doubtful accounts $6,370
(To record amount reinstated)
Cash $6,370
Account receivable $6,370
(To record amount received)
Answer:
Nancy will be able to deduct $70 points.
Explanation:
the deduction is allowed in the year of payment if the following requirements are met:
- your main home is the security for your loan
- cash method of accounting is used
- points are not paid out of borrowed funds.
if Nancy does not fulfill the requirements, then the points will be allowed to be deducted over the life of the loan..
Therefore, $3600 will be spread over 30 years, Nancy will be able to deduct $70 points.
Answer:
The correct answer is option (C)utilitarian approach.
Explanation:
Utilitarian approach: It is referred to as an action in relative to outcomes and reaction
For example, the cost and net benefits of all group of people based on an individual level. that is, by works towards achieving or aiming for the best for the greatest number while producing the least amount of suffering or harm.
<span>a.price floor
Where the government fixes the minimum retail price</span>
Consider your objective generate more leads, demonstrate thought leadership, increase online visibility, close a sale, create brand awareness and provide customer education. know your budget and what you can spend and what you can't spend understand your customer
