Accounting ? please?
I think the answer is E, but I am unsure if it is or not.The LMN Co. uses the direct write-off method of accounting for uncollectible accounts receivable. The entry to write stale an account that have been determined to be uncollectible would be as follows:
A. debit Allowance for Doubtful Accounts; credit Accounts Receivable
B. debit Sales Returns and Allowance, credit Accounts Receivable
C. debit Uncollectible Accounts Expense; credit Allowance for Doubtful Accounts
D. debit Accounts Receivable, credit Uncollectible Accounts Expense
E. debit Uncollectible Accounts Expense; credit Accounts Receivable
Thanks closely for your help
Answers: You're using the direct write-off method, so you don't turn through the allowance account. You're correct, the answer is E.
E. debit Uncollectible Accounts Expense; credit Accounts Receivable
write to me more details.
Has anyone hear of nolimitdomains.com? Is in attendance more i should be concerned beside besides JUST the prices?
I want to buy several domain names, and necessitate a good reliable site. I found nolimitdomains.com and they own great prices.What else should i look for?
Answers: Hello,
I just did for a time research and
I was surprised at their 1.99 .info,
and also their 7.49 .com domain prices.
I dont know alot in the order of this topic, but I would definately
use the services of nolimitdomains.com first,
before paying more for impossible to tell apart exact product.
As far as I can gather.
Price would be the merely variable, from one site to another.
I would appreciate more input myself.
Im want to create my own site, and will be buying a domain or two soon.
I of late want to say that I agree near Brandie,
its the Price that is Most big when
purchasing domains.
Also, whether they have free Blogs, Email and Hosting
beside each domain.
nolimitdomains.com have those 'Freebies'
and so I say "Thumbs-up"
What do they show ARM and what does a cut surrounded by rates indicate within simple vocabulary?
http://biz.yahoo.com/cnbc/080122/2278316...Answers: ARM is a mortgage term that technique Adjustable Rate Mortgage; it's the amount of interest rate a lender charges you
A cut in rates simply manner that rates are going to be lowered; rates on loans, cd's etc.
An ARM is an Adjustable Rate Mortgage which is different from a traditional 30-year Fixed Mortgage.
Traditionally, if you have a 30-year Fixed Mortgage at ... read out ... 7.5% then you clear the same mortgage allowance every month for 30 years at a 7.5% interest rate.
With an ARM, they are usually measured like "3/1" or "5/1" ARMs, which finances that for the first 3 years (or 5 years), the interest rate is 4.5%, and then after that the rate can adjust upwards or downwards base on the prevailing market rates. The "/1" at the close of the ARM means "how frequently (in years) can the interest rate amendment. So, a "5/1 5.5% ARM" means that for the first 5 years, the interest rate on the principal is 5.5% and after that, the rate can adjust once per year.
ARM is an Adjustable Rate Mortgage. It is base on some factor, like the 1 or 3 year treasury bill as published contained by the NY Times. For example, the one year treasury bill trades at 3.04% this week. The terms of your loan specify a fringe, such as 3%. So, you would be charged the sum of the treasury bill rate + the margin. or 6.04%. Now, most ARMs do not adapt weekly. They change every 6 months or every year. Additionally, they enjoy a maximum change amount, base on the terms of the loan. So, even if the rate drops dramatically, the lingo of your loan may limit the drop (or rise) within rates to 1% (or some other number).
A drop in rates does not right away mean a drop within loan payments. Sometimes, it actually go up. The Fed does not have direct control over the treasury bills (or other factor your ARM uses). They are discussion about the rates bank charge each other (an overnight rate).