Business, 03.12.2020 05:10 PinkyUSA18
Marsha and Michael have a combined monthly net income of $3500. Their fixed monthly
expenses consist of $675 for rent. They also have an outstanding loan balance of $6000 and a
balance of $1,000 for the surround sound system they bought last month. How much debt can
they take on and still be within a safe debt load for the year?
Answers: 3
Business, 22.06.2019 05:00
Which of the following are considered needs? check all that apply
Answers: 1
Business, 22.06.2019 20:40
Helen tells her nephew, bernard, that she will pay him $100 if he will stop smoking for six months. helen was hopeful that if bernard stopped smoking for six months, he would stop altogether. bernard stops smoking for six months but then resumes his smoking. helen will not pay him. she says that the type of promise she made cannot constitute a binding contract and that, furthermore, it was at least implied that he would stop smoking for good. can bernard legally collect $100 from helen
Answers: 1
Business, 22.06.2019 22:40
Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?
Answers: 1
Marsha and Michael have a combined monthly net income of $3500. Their fixed monthly
expenses consis...
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