Business, 15.04.2020 16:31 hazeleyes8908
At December 31, 2018, Monty Corp. Company had a credit balance of $19,700 in Allowance for Doubtful Accounts. During 2019, Monty Corp. wrote off accounts totaling $11,800. One of those accounts ($2,100) was later collected. At December 31, 2019, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $25,200. Prepare journal entries to record the 2019 transactions of Monty Corp. Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answers: 2
Business, 22.06.2019 15:20
Capital financial corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. the current prime rate is 16.50 percent, and capital charges 3.50 percent over prime to charming as its annual loan rate. a. determine the maximum loan for which charming paper company could qualify.
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Business, 22.06.2019 19:00
Describe how to write a main idea expressed as a bottom-line statement
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Business, 22.06.2019 19:00
In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?
Answers: 1
Business, 22.06.2019 20:20
Tl & co. is following a related-linked diversification strategy, and soar inc. is following a related-constrained diversification strategy. how do the two firms differ from each other? a. soar inc. generates 70 percent of its revenues from its primary business, while tl & co. generates only 10 percent of its revenues from its primary business. b. soar inc. pursues a backward diversification strategy, while tl & co. pursues a forward diversification strategy. c. tl & co. will share fewer common competencies and resources between its various businesses when compared to soar inc. d. tl & co. pursues a differentiation strategy, and soar inc. pursues a cost-leadership strategy, to gain a competitive advantage.
Answers: 3
At December 31, 2018, Monty Corp. Company had a credit balance of $19,700 in Allowance for Doubtful...
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