The first thing to do is to subtract the registration fee from the total
725-125=600
then divide the remaining number by 12 because it is monthly
600/12=50
new members will pay $50 each month
I hope I've helped!
Answer:
D) cause the quantity demanded to exceed the quantity supplied of rental housing.
Explanation:
A price ceiling is a binding government regulation in which it puts a cap on the price landlords can charge tenants to rent their properties. If this happens, there could be a rapid significant increase in the demand of apartments. This would lead to excess demand that the existing supply cannot meet , creating a shortage. The property owners may also choose to not rent their apartment at that lower price driving the supply even lower.
I believe the answer u are looking for is c......You can use the reference to support your claim. however be careful that you still use updated information as well
Answer and Explanation:
The journal entry is shown below:
Bad debts expense Dr $60,000
To Accounts receivable $60,000
(Being the written off amount is recorded)
For recording this we debited the bad debt expense as it increased the expenses and credited the account receivable as it reduced the assets
So for correcting posting and recording we passed accurate entry
