I think it's 17,000. I there any answer choices?<span />
Answer: CONVERTIBLE BONDS
Explanation: In simple words, convertible bonds refers to those fixed assets securities that could be converted into common stock on the discretion of the bondholders.
Such kind of securities is usually used by companies who are new to the market and wants to attract investors with maximum security of bonds as initial investment and maximum potential benefit as an option of converting bonds into common stock.
These types of bonds offer lower interest rates due to the embedded option of conversion.
Given:
<span>accounts receivable of $244,000
allowance for uncollectible accounts of $1,350 (credit)
1% of the accounts receivable should be the value of the allowance for uncollectible accounts.
244,000 x 1% = 2,440
2,440 - 1,350 = 1,090
Adjusting entry:
Debit Credit
Bad Debt Expense 1,090
Allowance for uncollectible accounts 1,090</span>
Answer:
N = 3,120 (Approx)
Explanation:
Given:
z- score for 99% confidence = 2.58
Proportion (P) = 75% = 75 / 100 = 0.75
E = 2% = 0.02
Q = 1 - P = 1 - 0.75 = 0.25
Computation:





Therefore, N = 3,120 (Approx).
Pros:
No one can stop you from picking that person/place/thing.
Cons:
you don't know what to decide.