$58,000 is the amount of adjusting entry for bad debts at december 31st. To calculate the adjusting entry for bad debts at december 31st we need to subtract the aloowance for doubtful accounts to accounts receivable which is $128,000 and $70,000 respectively. So 128,000 - 70,000 = $58,000. The answer in this question is $58,000.
The opportunity cost of buying two more pairs of shoe is 1 suit.
<h3>What is opportunity cost?</h3>
Opportunity cost is an economic term for expressing cost, in terms of foregone alternative.
Given the information above,
Her opportunity cost of consuming one extra pair of shoes instead of one suit
= $50 / $100
= 0.5 suit or half a suit
Her opportunity cost of consuming one suit instead of a pair of shoes
= $100 / $50
= 2 pairs of shoes
Hence, the opportunity cost of consuming 2 more pairs of shoes
= 0.5 suit x 2
= 1 suit
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Answer:
The given statement 'In fact,...observable' conveys the idea that <u>it is comparatively convenient and simple to calculate the amount or quantity of goods that are being produced within a firm, territory, or country to determine the economic worth directly</u>. On the other hand, estimating the amount or quantity of goods consumed by the people across a region or country is difficult and can not be observed directly. However, the latter is given more significance and determined more usually through calculating the expenditure made by the consumers depending on their choices and within their income constraints and these are the primary factors that affect the economic growth or development while the production theory lays emphasis on the maximization of profit.
Answer:
Option (b) $74,100
Explanation:
Data provided in the question:
Sales revenue = $184,000
Ending inventory = $11,600
Beginning inventory = $17,200
Purchases = $60,400
Purchase discounts = $3,000
Purchase returns and allowances = $1,100
Freight-in = $600
Freight-out = $900
Now,
Cost of goods available for sale
= Beginning inventory + Purchases + Freight-in - Purchases discounts - Purchase returns and allowances
= $17,200 + $60,400 + $600 - $3,000 - $1,100
= $74,100
Hence,
Option (b) $74,100
Answer:
Retreatism
Explanation:
Retreatism -
It is the concept or the methodology , which states that a person resigning the traditions of the society's idea of success and creating their own way of happiness and self satisfaction , is known as the method of Retreatism .
Same case is shown in the question , where Juan Carlos adapted the idea of Retreatism , in order to attain a happy life , by leaving his job and moving to the woods and enjoying the solitude .
