Tropical Tours reported revenue of $403,000 for its year ended December 31, 2021. Accounts receivable at December 31, 2020 and 2021, were $35,100 and $31,700, respectively. Using the direct method for reporting cash flows from operating activities, Tropical Tours would report cash collected from customers of: Multiple Choice $406,400. $403,000. $399,600. $438,100.

The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense. accounts receivable $ 435,000 debit allowance for doubtful accounts 1,250 debit net sales 2,100,000 credit all sales are made on credit. based on past experience, the company estimates 1.0% of credit sales to be uncollectible. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

The questions of economics address which of the following ? check all that apply

Zapper has beginning equity of $257,000, net income of $51,000, dividends of $40,000 and investments by stockholders of $6,000. its ending equity is