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Karolina [17]
2 years ago
15

At year-end, Yates Company estimates that $1,500 of its accounts receivable balance is uncollectible. Yates uses the allowance m

ethod to account for bad debts. The entry to record this adjusting entry would include a:
Business
1 answer:
erastova [34]2 years ago
4 0

Answer:

debit to Bad Debts Expense and credit to Allowance for Doubtful Accounts

Explanation:

Based on the information provided for this scenario it can be said that the entry to record this adjusting entry would include a debit to Bad Debts Expense and credit to Allowance for Doubtful Accounts. Meaning that the bad debts expense is increasing while the same amount is being taken from the allowance for doubtful accounts. This is what the allowance method is used for, it provides an advance for uncollectible accounts, by setting aside money in a reserve account.

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A firm whose production process exhibits constant returns to scale would find that if it doubled all of its inputs, its output w
Tom [10]

If the returns are constant to scale, the output increases by the same as the increase in inputs, therefore, it would double.

7 0
3 years ago
Suppose timothy consumes two goods, soda and chips. the slope of his indifference curve for these two goods reflects:​
Ierofanga [76]

Answer: The rate at which he is willing to substitute one good for the other

Explanation: Indifference curve shows the combination of two goods that give the consumer the same level of satisfaction. the slope of this indifference curve shows how much the consumer is willing to substitute one good for the other in order to keep utility constant.

Slope= \frac{Change in x}{Change in y}

Slope of Indifference curve for soda and chips shows how much soda Timothy is willing to substitute to get 1 additional unit of chips.

Slope=\frac{Unit of soda foregone}{Units of chips gained}

So, the correct option is the rate at which he is willing to substitute one good for the other.

6 0
3 years ago
Which phrase best describes a capital gain? an increase in the amount of capital a firm uses in production an increase in the va
rewona [7]

Answer:

An increase in the value of an asset

A portion of profits paid back to shareholders

Explanation:

Capital gain can be defined as a rise in the value of a capital asset (which could be investment or real estate) that facilitates a higher worth than the original purchasing price.

Dividend can be defined as a distribution of profits by a certain corporation to its shareholders.

4 0
3 years ago
According to the semistrong form of the efficient markets hypothesis, ____________.A. stock prices do not rapidly adjust to new
solmaris [256]

Answer:

The correct answer is option B.

Explanation:

According to the efficient market hypothesis, when the market is in semi-strong form the future changes in the stock prices cannot be predicted by the publicly available information.  

The stock prices quickly adjust to all the publicly available information. In this situation, an investor can earn above-average returns if he possesses private information which is not available to all.

3 0
3 years ago
Which of the following statements regarding SPT and WSPT is INCORRECT?
Alex Ar [27]

Answer:

D

Explanation:

WSPT assigns the highest priority to the job with the LOWEST weight/processing time ratio.

4 0
3 years ago
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