Answer:
The correct answer is $4,500.
Explanation:
According to the scenario, the given data are as follows:
Uncollectible Account receivable = $5,000
Account receivable balance = $100,000
Allowance for Doubtful Accounts = $500
Credit sales = $150,000
So, we can calculate the bad debt expense by using following formula:
Bad debt expense = Uncollectible Account receivable - Allowance for Doubtful Accounts
by putting the value, we get
Bad debt expense = $5,000 - $500
= $4,500.
The statement which accurately describes the effect of the federal government rapidly reducing government expenditures is D.Unemployment rates will increase because federal spending makes up a large part of the economy. Since the goverment keeps up money for particular economic expenses, it means that the salaries will be decreased and the level of firing people wold decrease. Therefore, companies will not be able to offer a escent salary to their new empoyees which means that unemployment rate will grow.
Answer:
17%
Explanation:
If a company issued a short-term note payable to a bank with a stated 12 percent rate of interest and in addition the bank charged a .5% loan origination fee and remitted the balance to the company. The effective interest rate paid by the company in this transaction would be 17%
The effective annual interest rate is <u>the interest rate that is actually earned or paid on an investment, loan</u> or other financial product.
Hence, since the company is both paying the initial 5% and the later 12%, effectively the company is paying 17% on the note payable.
This is called an occupational stress. <span> This comes from work, which is stress related.</span><span>
</span><span>There are many factors why people have occupational stress. T</span><span>he load of work, pressure, economic conditions at work and layoffs can lead to such stress. Stress can lead to poor health and behavioral changes.</span><span>
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