How much taxes they take off
Answer:
Total liabilities is $170,500
Explanation:
Warren's total liabilities at end of April comprises of the beginning balance of liabilities of $77,000 plus the notes payable signed in respect of the building acquired in the course of the year,the computation is shown below:
Beginning balance of liabilities $77,000
Notes payable $93,500
Total liabilities $170,500
The notes signed by employee of $11,700 is notes receivable as the employee is owing the company and should be classified as notes payable ,but notes receivable instead, an asset.
Answer:
$3,355
Explanation:
Accounts receivables = $ 352,000
Debit Allowance for uncollectible accounts = 630
Net Sales = $797,000
The company estimates that 0.5% of net credit sales are uncollectible
Estimates of uncollectible receivables
= 0.5% × $797,000
=$3985
This is the total amount to be recognized at the end of the year as Bad Debts Expense. Since a debit of $630 has been recognized already, additional debit required
= 3985 - 630
= $3,355
The amount to be debited to Bad Debts Expense when the year-end adjusting entry is prepared is $3,355.
I think this statement is false because instead DBMS actually decreases the security risk of data security breaches. DBMS is a system software for creating and managing data. It is the only way of accessing the data in a database and does not reveal much of the databases internal complexity to the application programs and users.
The reserve currency in the circulation and in the monetary base have high-powered and the money increases
Explanation:
When she deposit it for the check then it is called as the currency is left for circulation in the bank and hence it is called as circulation and if she receives the currency then it is called as the monetary
So in both the cases the value of the currency is increased that is if she deposits it she will have a high power and the bank will deposit the interest amount every month or annually if she receives it in cash then the value of the money increases
