Answer: $7,740
Explanation:
Given, At December 31, Accounts receivable = $238,000
Allowance for uncollectible accounts = 3% of (accounts receivable)
∴ Allowance for uncollectible accounts = 3% of ($238,000 )
=$(0.03 ×238,000) [3% = 0.03]
= $ (7140)
= $7,140
Allowance for uncollectible accounts (credit) before any adjustments= $600
The amount of the adjustment for uncollectible accounts = Allowance for uncollectible accounts + $600
= $7,140 + $600
= $7,740
Hence, The amount of the adjustment for uncollectible accounts would be: <u>$7,740.</u>
For the first blank, the answer would be is a well-defined
problem. A well-defined problems have exact goals, noticeably defined
solution tracks, and clear predictable solutions.
While for the second blank, the answer would be the
application of algorithms. In mathematics, it is a clear-cut description of how
to crack a group of problems. Algorithms can do calculation,
data processing and automatic reasoning jobs.
Answer: The answer is co workers at the same level.
Explanation:
Horizontal communication is a system of communication which operates through internal communication channels such as the internal telephone, memoranda or face -to face communication. It takes place between staff of about the same level in different department in an organization. For example horizontal communication can take place between the factory manager and cost accountant in an organization. In horizontal communication there is no authority flowing along the lines of horizontal communication
Answer: e) $6,506.04
Explanation:
Employees do not pay FUTA or SUTA. Employers pay those.
Ms. Grant's net pay for the month therefore is;
= Gross earnings - FICA Social Security - FICA Medicare - Federal Income tax withheld
= 8,588 - (6.2% * 8,588) - ( 1.45% * 8,588) - 1,424.97
= 8,588 - 532.46 - 124.53 - 1,424.97
= $6,506.04
Answer:
Put Price = $4
Explanation:
We are applying Put Call Parity Theorem. Future Price + Put Price = Call Price + Strike Price
$30 + Put Price = $4 + $30
Put Price = $4 + $30 - $30
Put Price = $4
Thus, the price of six month put option = $4