Answer:
Contingent workers
Explanation:
Contingent workers are people hired to do a specific assignment in an organization. They consist of independent workers, freelancers, consultants, out-sourced employees, and other non-permanent workers who are hired on per job basis. Contingent workers are not considered employees of the organization.
Contingent workers are usually highly skilled, unlike most of the temporary workers. They are hired to work on specific tasks in their areas of specialization. Contingent workers exit a company after their task is completed. They may be re-hired by the same company or any other institution. For example, a tax consultant may be contacted to do tax calculations in a company. Once the assignment is over, they get paid and leave the organization.
Answer and Explanation:
As per the data given in the question,
3 of the above items will appear as a cash inflow from investing activities.
These are as follows :
1. Collection of loan receivable.
2. Cash sale of delivery truck at book value.
3. Sale of a security held as an available-for-sale investment.
Any gain or loss on sale of long term asset is an operating activity although any purchase or sale of a long term asset is come under the investing activities.
Loan receivable is an asset too therefore, it will be shown under investing activities.
Answer:
Prices may be rising, but Americans shopped more than expected in January
Explanation:
Prices may be rising, but Americans shopped more than expected in January: US retail sales rose by 3.8% in January from the month prior, adjusted for seasonal swings -- more than the 2% increase economists had predicted. That puts the sales total at $649.8 billion for the first month of 2022, the Census Bureau reported Wednesday. #accelerationism
Answer:
= $1,244,600
Explanation:
Cost of asset = $2,800,000
Using MACRS depreciation schedule, calculate depreciation amount per year by multiplying each year's depreciation percentage by the cost of the asset;
Depreciation percentage (Yr1 ) = 33.33% or 0.3333 as a decimal
Depreciation amount (Yr1 ) = 0.3333 * $2,800,000 = $933,240
Depreciation percentage (Yr2 ) = 44.45% or 0.4445 as a decimal
Depreciation amount (Yr2 ) = 0.4445 * $2,800,000 = $1,244,600
The balance of the Allowance for Doubtful Accounts account to be reported on the balance sheet at year-end is<span>
Ending balance for Allowance for Doubtful Accounts = beginning balance for Allowance for Doubtful Accounts ($6,800 credit) - current year write-offs ($9,000 debit) + current year estimated Uncollectible Accounts Expense ($7,200 credit).</span>
