The amount of the bad debts expense adjusting entry is:$7665.
<h3>Bad debt expenses</h3>
Using this formula
Bad debt expenses=Sales×Estimated sales percentage
Where:
Sales=$1,095,000
Estimated sales percentage=0.7%
Let plug in the formula
Bad debt expenses=$1,095,000×0.7%
Bad debt expenses= $7,665
Therefore the amount of the bad debts expense adjusting entry is:$7665.
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Answer:
The answer to question 12 is C
Explanation:
The reason it is C is because in a report they do not want to hear the sad stories. They would just think that you are just going to try and get in and they would feel sorry for you, but no that will never work they would just decline you. This might have been the standard in the past, but all of this information is now illegal for your employer to ask from you, so there's no need to include it.
Choice (b) is correct. Market efficiency entails unpredictable stock prices in the market. Since there is a higher risk of investment losses in an unpredictable stock prices change, the best investment strategy is to diversify portfolio so as to minimize loss on the other stock while maximizing gain from another.
