Answer:
$3,000
Explanation:
Calculation to determine How much bad debts expense will Beautiful Lawns report in 2016
Using this formula
Bad debts expense=Estimated doubtful accounts -Allowance for Doubtful Accounts credit balance
Let plug in the formula
Bad debts expense=$3,600-$600
Bad debts expense=$3,000
Therefore The amount of bad debts expense that Beautiful Lawns will report in 2016 is $3,000
Answer:
(d) all costs exclusive of payments to fixed factors of production.
Explanation:
The cost involved in the first three options is considered by economists as accounting cost. Economic cost involves the accounting cost, but it is added to the opportunity cost, which is the remuneration that an economic agent fails to receive for practicing one economic activity and not another.
For example, a business owner has fixed production costs, but it should add to his opportunity cost to be working in that firm rather than another economic activity.
In an offset, <span>one party agrees to purchase goods and services with a specified percentage of the proceeds from the original sale and this party can fulfill the obligation with any firm in the country to which the sale is being made.</span>
Answer:
cash balance tobe reported in the balance sheet 16,880
Explanation:
cash account 16,000
NSF check 240
service charge (80)
amend mistake: 720
adjusted: 16,880
the check oustanding and the deposits in-transit are adjustment for the bank balance. not the firm cash accounting
We must look for data which wasn't know until receive the bank statement.
Those are:
the non-sufficient funds
the service charge
and the accounting mistake
Answer:5 ways
1 by making long trips less expensive
2 by making long trips in less time
3 by opening up new trade markets
4 by increasing hiring opportunities
5 by increasing travel options
Explanation: