Answer:
the bad debt expense is $6,830
Explanation:
The computation of the bad debt expense is shown below:
= Estimated uncollectible amount + debit balance of allowance for doubtful accounts
= $6,300 + $530
= $6,830
Hence, the bad debt expense is $6,830
We simply added the above amount as it represent the bad debt amount
The same is to be considered
Answer:
Chiquita makes an economic profit of $250,000.
The congressional oversight means that the Congress, that is the legislative branch of the government has the right to check on the work of the executive branch, mostly the president. It is actually not implemented very often, ans is considered a last resort method, for example when the president is impeached (the last impeachment was of Bill Clinton)
Answer:
Option ( b ) $57,000
Explanation:
Data provided in the question:
Net income = $300,000
W-2 wages = $120,000
Assets with unadjusted basis = $75,000
Taxable income before the QBI deduction = $285,000
Now,
The QBI deduction for 2019 will be given as 20% of the qualified income i.e the taxable income before the QBI deduction
Therefore,
The QBI deduction for 2019 = 20% of $285,000
= 0.20 × $285,000
= $57,000
Hence,
Option ( b ) $57,000
Answer:
11,600 units
Explanation:
Equivalent units for conversion costs :
Equivalent units = 10,000 x 100 % + 4,000 x 40 % = 11,600
The equivalent units for February for conversion costs were: 11,600 units
