Answer:
$55,500
Explanation:
The computation of the net realizable value after the write off entry is show below:
The credit balance in allowance with terms to bad debts is
= $4,500 - $4,000
= $500
Now the net realizable value is
= ($60,000 - $4,000) - ($4,500 - $4,000)
= $56,000 - $500
= $55,500
Hence, the same is to be considered
Answer:
comparative cost pricing
Explanation:
In comparative cost pricing strategy different prices charged by different seller is presented to buyer. The buyer has freedom to choose any price option based on comparative analysis of price.
In the question given above plumbing firms have given their prices to Rhonda and she chose lowest price which can be explained by comparative cost pricing.
i feel either c or d but d is probably wrong because they would have asked you that at the interview and c could be right because they need your social security for taxes so C
Answer:
Net income = $180,000
- salaries = ($30,000 + $35,000 + $10,000 = $75,000)
adjusted net income = $105,000
the adjusted net income must now be divided equally between the 3 partners:
- Bonnie: $35,000
- Clyde: $35,000
- daughter: $35,000
Their yearly gross income:
- Bonnie: $35,000 + $30,000 = $65,000
- Clyde: $35,000 + $35,000 = $70,000
- daughter: $35,000 + $10,000 = $45,000
total taxable income = $65,000 + $70,000 + $45,000 = $180,000
Since you did not give a list of choices, here are some of the major functions of a bank. These functions include the following:
1. - accepts deposits <span>
- advances loans
- receivesof valuables for safe custody
- acts as referee
- issues letter of credit in foreign trade
- acts as underwriters
- acts as information banks
- merchant banking service provider
- deals in foreign exchange
- issues gift cheques
- issuers of travelers cheque and credit cards
- bullion trader
- sale and purchase of stock exchange securities
- acst as clearing house
- administration of wills and trusteeship
</span>
I hope this helps!
