returns and allowances‚ $30‚000 Gross profit‚ $490‚000 Accounts receivable‚ $110‚000 Sales discounts‚ $14‚000 Allowance for doubtful accounts credit balance‚ $1‚200 How much is bad debt expense assuming that 5% of accounts receivable is estimated to be uncollectible? A. $5‚500 B. $6‚700 C. $4‚240 D. $4‚300 Answer: Bad debt expense ($4‚300) = 5% of accounts of accounts receivable (5% $110‚000) - allowance for doubtful accounts credit balance ($1‚200). 3) Which of the following journal
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Colombia is situated in beautiful South America has two coastal borders located along the Pacific Ocean and the Caribbean Sea. Colombia enjoys being the sole South American country to be afforded the luxury of having two coastal borders. The country spans 440‚831 square miles of diverse land that lies about the equator . Visitors enjoy this aspect because they enjoy sunlight year around. The population is around 40 million and 70% of which is considered urban. Entrepreneurs and business owners
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Accounts Receivable Turnover = Net Sales/Average Net Account Receivables Accounts receivable turnover ratio measures the effectiveness of a company in extending credit and collecting debts. It is an activity ratio that measures how efficiently a firm uses its assets. Year ABC DEF GHI Industry Average 2012 31‚ 053/988 = 31.43 16‚842/1‚282.5 = 13.13 5‚160/618 = 8.35 17.64 2013 32‚722/1‚042 = 31.4 18‚657/937 = 19.91 5‚858/494 = 11.86 21.06 In this table you see the accounts receivable turnovers from
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hct Dubai | Academic Advising Workshop | Handbook | | Student Services | 12/8/2012 | This handbook supplements the Academic Advising Workshop and aims to provide faculty with an overview of current policies and procedures relevant to academic advising. | Case Study 1 – Attendance HCT Attendance Policy The following information is available on the HCT portal: Policy LP210 Title – Attendance Policy Link: https://portal.hct.ac.ae/sites/pnp/cass/Pages/LP210.aspx |
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and gestures used. Nonverbal communication consists of the following three principles: 1. Appearance- The speaker’s cleanliness and tidiness‚ style of clothes‚ use of cosmetics and their hairstyle. The surroundings also influence communication‚ for example the environment (indoors or outdoors)‚ the size of the room or space and the
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one period of time. | | | |b. estimates should not be made if a transaction affects more than| | | |one time period. | | | |c. adjustments to the enterprise ’s accounts can only be made in | | | |the time period when the business terminates its operations. | | | |d. the economic life of a business can be divided into artificial | | | |time periods.
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CHAPTER.4 STUDIES MYTHOLOGY OF AIS FIELD STUDY OF BAHRAIN BANKING SECTOR Study sample: Dear sir/madam I appreciate your cooperation and support of my research by answering questionnaire. I will use the information for the research purposes only‚ and all information will be confidential. This research evaluates the reliability of Accounting Information Systems in Bahrain banking sector by using system trust (Sys Trust). Trust Services (including WebTrust® and SysTrust®) are defined
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Examine the key factors influencing inclusive teaching and learning Inclusive teaching means recognising‚ accommodating and meeting the learning needs of all students‚ regardless of age‚ gender‚ ethnicity‚ religion‚ disability or sexual orientation. This starts with acknowledging that students are members of diverse communities‚ have a range of individual learning needs‚ and deserve equal opportunity to access the learning experience. Applying inclusive learning is increasingly important in our
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Unethical Practices in Marketing to Children When I was a child‚ my famous answer to the inevitable "What do you want to be when you grow up" question was "a teacher". My brother wanted to be a race car driver and my cousin an actress. Years ago‚ I would ask the same question and they would usually tend similar responses. Times have changed‚ however. More and more‚ children have adapted to the arguably unsettling reality of dollar awareness and when the famous question is raised‚ the more
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Definition: A current account deficit is when a country’s government‚ businesses and individuals import more goods‚ services and capital than they export. That’s because the current account measures trade‚ as well as international income‚ direct transfers of capital‚ and investment income made on assets‚ according to the Bureau of Economic Analysis. When those within the country rely on foreigners for the capital to invest and spend‚ that creates a current account deficit. Depending on why the
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