Answer:
Explanation:
The journal entry to record the bad debt expense is shown below:
Bad debt expense A/c Dr $2,700
To Allowance for doubtful debts $2,700
(Being bad debt expense is recorded)
The computation of the bad debt expense is shown below:
= (Accounts receivable × estimated percentage given ) - (credit balance of Allowance for Doubtful Accounts)
= ($420,000 × 1%) - ($1,500)
= $4,200- $1,500
= $2,700
Answer:
The correct answer is the option C: give too much weight to a small number of vivid observations.
Explanation:
To begin with, in the case that a close friend had told you that he had a bad experience in a certain place, a restaurant in particular this time, does not states the fact that it will always be like that for every person that goes to that place because it may have been a bad day for the employees and that impacts at their work while if you go any other day every detail is taking care nicely. Therefore that the people give too much weight to small number of vivid observations due to the fact that the article published in the newspaper must have been made with over dozens of observations and comments, not just one, and the major agreement is that those places are good ones to go to eat.
Answer:
I. Present values increase as the discount rate increases.
and
III. Present values are smaller than future values when both r and t are positive.
Answer:
Severe Inflation
Above $2.34
Explanation:
If this economy has encountered a Recovery from Point "R" to Point "X" (as viewed by the Keynesian Model), then one Risk is a movement toward Point "P" with severe inflation. The corresponding AS/AD Model would move from a Price Level of $2.00 to above $2.34.
Answer:
The answer would be D) The market clearing price is where quantity demanded is equal to quantity supplied.
Explanation:
