Answer: $7,740
Explanation:
Given, At December 31, Accounts receivable = $238,000
Allowance for uncollectible accounts = 3% of (accounts receivable)
∴ Allowance for uncollectible accounts = 3% of ($238,000 )
=$(0.03 ×238,000) [3% = 0.03]
= $ (7140)
= $7,140
Allowance for uncollectible accounts (credit) before any adjustments= $600
The amount of the adjustment for uncollectible accounts = Allowance for uncollectible accounts + $600
= $7,140 + $600
= $7,740
Hence, The amount of the adjustment for uncollectible accounts would be: <u>$7,740.</u>
Answer:
B
Explanation:
Explain to Zahra that she must report all her business income and expenses.
To qualify for the Earned Income Credit you must have earned income from working for someone or from running or owning a business and meet basic rules.This is a reason for Zahra to report all her business income and expenses.
Answer:
Net present value
Explanation:
Below is the given values:
Net present value is the correct answer.
Initial cost of the project = $31800
Market value of the project = $29600
The difference between these two are = 31800 - 29600 = $2200
Net present value shows that the present value of cash inflows minus cash outflows. Moreover, the present value comes by discounting the cash flows at an applicable discount rate.
Answer:
0.2 or 20%
Explanation:
The three possible outcomes, with respective probabilities and returns, as follows
Outcome 1: Probability (P) = 0.35, Return (R) = 0.20
Outcome 2: Probability = 0.25, Return = 0.36
Outcome 3: Probability = 0.40, Return = 0.10.
The expected return will be computed as follows.
Expected Return = 
= (0.35*0.20) + (0.25*0.36) + (0.40*0.10)
= 0.07 + 0.09 + 0.04
= 0.2
Therefore expected return = 0.2 or 20%
Answer:
Hi!
so if you mean earth and I just have to guess about your question,
I think Earth is a planet so it would have needed to form.
Explanation:
it needed to form.
