Answer:
After-tax cost $652
Explanation:
$652 = $800 [1 − (0.5 × 0.370)]. Half of the interest is not deductible because it was used to purchase tax-exempt securities.
Answer:
the correct answer is
a. identification of a potential market
Answer:
<em><u> we produce the goods and services that people value less</u></em>
<em><u>Explanation:</u></em>
<em><u>Remember, </u></em> an inefficient activity is one that<em> fails</em> to achieve maximum productivity with minimum wasted effort.
Let's take for example a mobile producer (manufacturer) decides to allocate its resorces into producing<em> laptops.</em> However, it later determined that the allocated resources were inefficient since most consumers according to a survey now prefer <em>tablet</em> <em>computers. </em>The company received low sales volume as result.
Answer:
$8,020
Explanation:
estimated uncollectible receivables = $7,100
accounts receivables = $121,000
unadjusted debit balance of allowance for uncollectible accounts = $920
credit sales during the year = $192,000
bad debt expense = unadjusted debit balance + estimated uncollectible receivables = $7,100 + $920 = $8,020
the adjusting journal entry:
Dr Bad debt expense 8,020
Cr Allowance for uncollectible accounts 8,020
The allowance for uncollectible accounts account is a contra asset account that has a normal credit balance.
