Answer:
The appropriate answer is "$22,305".
Explanation:
The given values are:
Estimated uncollectible,
= $22,750
Credit balance in allowance,
= $445
Now,
The bad debt expense will be:
=
By substituting the values, we get
=
= ($)
Answer:
The answer is: It monitors progress so that corrective action can take place.
Explanation:
A positive feedback loop takes place when the company pays attention and listens to its employees' complaints or problems. Then it uses that feedback to improve workplace satisfaction and/or structural problems within the organization.
The goal is to increase workplace satisfaction, and as a result increase the employees' efficiency, increasing the organization's profits.
Label Plus, LLC, ......................... Due to increased support from DEPARTMENT OF COMMERCE'S BUREAU OF INDUSTRY AND SECURITY.
The department of commerce's bureau of industry and security helps small businesses by supplying them with information which can help their business to succeed on the international scale.
Answer: $57,600
Explanation:
Accounting works by the Accrual basis. What this means is that transactions are recorded in the period they occur not in the period they are paid for.
In the above, Lee Inc. billed its customers $57,600 for services performed during the year. This is a service company and since their revenue comes from billings, this is their revenue for the year.
It does not matter that some of the services have not been paid for, it matters that the services were performed during the year.