Answer:
$490,000
Explanation:
The computation of the bad debt expense is shown below:
= Account receivable + (Gross Accounts receivable × estimated percentage given ) - (credit balance of Allowance for Doubtful Accounts)
= $650,000 + ($18,000,000 × 2%) - ($520,000)
= $650,000 + $360,000 - $520,000
= $490,000
We simply added the estimated amount and deduct the credit balance to the account receivable so that the accurate amount can come
Answer:
The below additional piece of information is missing from the question:
In its 2018 income statement, what amount of interest expense should Hernandez report from this lease transaction?
The interest expense for 2018 is $150,000
Explanation:
Interest expense for 2018 is the implicit interest 10% multiplied by the difference present value of $1,800,000 minus annual payment of $300,000.
In order to compute the interest expense,the annual payment must be deducted first since the annual payment was made at the start of the year,hence interest is only due on the net amount of $1,500,000($1,800,000-$300,000).
Interest expense=$1,500,000*10%=$150,000
Answer: C. Quality control.
Explanation:
The human resource is charged with the responsibilities of training employees, recruitment and seeking for ways to improve the employees so that organizational goals and objectives can be achieved.
Some of the skills that a hr should possess include public speaking, management of personnel resources, active, and social perspective. Therefore, the option regarding quality control is not a skill for the hr.
Quality control (QC) has to do with the improvement of the quality of a particular product. This is not part of the skill that the human resource should have.
Answer:
Schedule E of Form 706
Explanation:
Form 706 is filed by the executor to compute the estate of the deceases and to compute generation skipping taxes. Schedule E of form 706 is filled to estimate taxes due on jointly held property by the deceased and the survivor. The survivor could be spouse or any other family member who have joined tenancy. If property is held in joint tenancy with spouse, then full amount of fair market value of asset is reported.
If property is held in joint tenancy with some other family member, then decedent's share of fair market value of the property is reported and proportion of the amount the member has contributed against the right to hold joint tenancy.
Here, decedent and her brother jointly owned 300 shares. So, this should be reported in Schedule E of form 706