Answer:
Explanation:
The journal entry to record the bad debt expense is shown below:
Bad debt expense A/c Dr $11,181
To Allowance for doubtful debts $11,181
(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)
= ($206,300 × 7%) - ($3,260)
= $14,441 - $3,260
= $11,181
<span>Econometrics is much more mathematical in nature. In economic theory, only the theoretical part of economic aspect is highlighted but in econometrics, the theory is supported with a mathematical explaination. Econometrics provides a much more deep understanding and explaination of a concept than normal economic theory. it potentially provides you with quantitative answers for a policy problem rather than simply suggesting the direction of the response</span>
Answer:
For a rent of $400.00 = 100 units will be occupied;
For a rent of $404.00 = 100 unit will be occupied;
For a rent of $396.00 = 101 units will be occupied.
Explanation:
For a rent of $400.00 = 100 units will be occupied
For a rent of $404.00 = 100 unit will be occupied since 1 additional unit will be vacant.
For a rent of $396.00 = 101 units will be occupied.
∴ <em>The most adequate rent to be charged by the manger to maximize revenue is $396.00 since an additional unit will be occupied.</em>
Answer:
D. $8,250
Explanation:
Calculation for how How much is the correct cash balance at the end of the month
Using this formula
Correct cash balance= Bank balance - Outstanding checks + Deposits in transit (}+ Bank error
Let plug in the formula
Correct cash balance =$8,000 - $500 +$1,000 + $250
Correct cash balance=$8,250
Therefore the correct cash balance at the end of the month will be $8,250
Answer: option B) comparative advantage.
Comparative advantage is the advantage that has an economical agent (country in this case) to produce at a lower cost than its competitors.