Answer:
here correct option is A. $7,000
Explanation:
given data
Stripling earned = $700,000
collected cash = $710,000
company wrote off = $8,000
revenue = 1 %
to find out
net realizable value of receivable
solution
we will find here amount of uncollectible expense that are for year 2
amount of uncollectible expense = Sales revenue for year 2 × revenue %
put here value we wet
amount of uncollectible expense = $700,000 × 1 %
amount of uncollectible expense = $700,000 × 0.01
amount of uncollectible expense = $7,000
so here correct option is A. $7,000
b. bandwagon
c. glittering generalities
d. testimonial
Answer:
Explanation:
Water scarcity is defined as not having access to safe water supplies or lack of sufficient water.
It is a rampant problem in water scarce region of the world. Its scarcity is increasing as water is needed for growing and processing food, creating energy and serving industry for growing population.
Climate change is a natural factor causing water scarcity. While pollution, wasteful use of water and deforestation are man made factors.
Most of the causes of water scarcity is related to the human interference with the water cycle.
Economic water scarcity is caused by lack of investment in the water infrastructure. Libya, Jordan, Yemen, Djibouti are the countries facing economic water scarcity.
more than 400 different models
Answer:
999 different types of cars in the wrld
Explanation:
B. Size
C. Page Setup
D. Inches
correct answer is page setup
The mistaken classification of the product costas an expense would result in an understatement of the cost of goods sold by $20,500. This would also lead to an overstatement of the net income by the same amount.
To calculate the correct net income for the year, we need to deduct $20,500 from the reported net income.
The cost per unit of the product would be $20,500 divided by 2,050 units, which is $10 per unit.
The cost of goods sold would be 1,025 units sold multiplied by $10 cost per unit, which is $10,250.
Therefore, the corrected net income would be the reported net income minus $20,500, which is the mistaken expense, minus $10,250, which is the corrected cost of goods sold.
If the bonus paid to management is based on net income, then the mistaken classification would have led to a higher bonus payment. The corrected net income would result in a lower bonus payment by 2% of the difference between the reported and corrected net income.
Learn more about Net income: brainly.com/question/28390284
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