Answer:
$5,360
Explanation:
The adjusting entry is shown below:
Bad debt expense $5,360
To Allowance for doubtful debts $5,360
(Being the bad debt expense is recorded)
For recording this we debited the bad debt expense as it increased the expenses and credited the allowance for doubtful accounts as it reduced the assets
The computation is shown below:
= $91,000 × 5% + $810
= $5,360
Answer:
a. Premium
b. Discount
c. Discount
Explanation:
a. Valley issued $300,000 of bonds with a stated interest rate of 7 percent. At the time of issue, the market rate of interest for similar investments was 6 percent.
Premium (discount) = Bond's stated interest rate - Market rate of interest for similar investments = 7% - 6% = 1% premium
Therefore, Valley's bond will sell at a premium.
b. Spring issued $220,000 of bonds with a stated interest rate of 5 percent. At the time of issue, the market rate of interest for similar investments was 6 percent.
Premium (discount) = Bond's stated interest rate - Market rate of interest for similar investments = 5% - 6% = -1% discount
Therefore, Spring's bond will sell at a discount.
c. River Inc. issued $150,000 of callable bonds with a stated interest rate of 5 percent. The bonds were callable at 102. At the date of issue, the market rate of interest was 6 percent for similar investments.
Premium (discount) = Bond's stated interest rate - Market rate of interest for similar investments = 5% - 6% = -1% discount
Therefore, River Inc.'s bond will sell at a discount.
Answer: Explicit knowledge.
Explanation: Pierce Bailey takes record of clear and fully detailed information for his company, for the company to have an explicit knowledge of all calls he makes.
An explicit knowledge of an information means that the information is clear with nothing hidden.
$122.04 in cash and a $206.64 check will be the possible amounts for the third check and the cash that cindy deposited.
Any household member who possesses an SSN is eligible to receive a payment under the third check. This is distinct from the first and second stimulus payments, which required at least one tax filer to have an SSN in order for the household to be eligible to receive the checks. Your third stimulus check, like the first two, is basically merely an advance payment of the Recovery Rebate tax credit for the 2021 tax year. Therefore, it won't be counted toward your taxable income. Similar to the first and second stimulus checks, there are income requirements in order to get the entire payout. No minimum income is required to be eligible for the payment.
the complete question is:
Which of the following are possible amounts for the third check and the cash that Cindy deposited?
a. no cash and a $303.68 check
b. $140.50 in cash and a $267.14 check
c. $99.32 in cash and a $155.55 check
d. $122.04 in cash and a $205.64 check
learn more about Rebate tax credit here
brainly.com/question/20374653
#SPJ4
Answer:
C) Output fall and prices rise
Explanation:
In an aggregate supply, aggregate demand model, price level is the Y axis, and output is the X axis. Supply is positively related with price: the higher the price, the more firms produce.
However, to produce someting, firms need to employ the factors of production: land, labor and capital. The wages firms pay to workers, and the rent firms pay for land and capital are the production costs. If these costs rise, then, the products will become more expensive.
This increase in price will be met with lower demand; less customers will be willing to purchase the product, and therefore, the firms will start producing less until reaching a new equilibrium.
