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DerKrebs [107]
3 years ago
6

One might infer from a debit balance in allowance for doubtful accounts that

Business
1 answer:
shtirl [24]3 years ago
3 0

Answer:

The answer is:

More accounts have been written off than had been estimated

Explanation:

Doubtful debt or bad debt is an expense. According to the rule of accounting, debit increases an expense while debit decreases an expense.

So the debit balance balance in allowance for doubtful accounts tells us that there is an increase in expense which means that more accounts(bad debt) have been written off.

So we can infer from the debit balance that more accounts have been written off than had been estimated

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The slope of the _________________ is determined by the relative price of the two goods, which is calculated by taking the price
Slav-nsk [51]

Answer:

BUDGET LINE

Explanation:

Budget Line is graphical representation of product combinations that a consumer can buy, given product prices & income (all spent)

It is downward sloping because of inverse relationship between goods - one good's consumption has to be decreased to increase other good's consumption, given same prices & income.

Budget Line Equation : x.px + y.py = m

[x = quantity of good x, px = price of good x, y = y good quantity, py = good y price, m = money income].

Slope of Budget line is : Amount of a good sacrifised to attain the other good, given same prices & income. The sacrifise ratio gets derived from the price ratios of the two goods.

Budget Line Slope = ΔY / ΔX = PX / PY

5 0
3 years ago
How are traditional economies like free-market economies?
shutvik [7]
The last one. hope it helps!
7 0
3 years ago
Read 2 more answers
DONT ANSWER PLZZZZZZZZZ
KIM [24]

Answer:

ok i gochu

Explanation:

5 0
3 years ago
Willow Golf Course is planning for the coming golfing season. Investors would like to earn a 15% return on the company's $58,000
Ira Lisetskai [31]

Answer:

The operating profit is $4,800,000

Explanation:

We know that,

The operating profit would equal to

= Sales - variable cost - fixed expenses

where,

Sales = Number of rounds of golf × selling price per unit

         = 600,000 rounds × $75

         = $45,000,000

Variable cost = = Number of rounds of golf × selling price per unit

                          = 600,000 rounds × $17

                          = $10,200,000

And, the fixed expenses is $30,000,000

Now put these values to the above formula  

So, the value would equal to

= $45,000,000 - $10,200,000 - $30,000,000

= $4,800,000

3 0
3 years ago
For 2019, Eric is a self-employed financial consultant. During the current year, Eric's net self-employment income is $132,150.
Alex Ar [27]

Answer:

The Eric's self-employment tax is $10109

Explanation:

The computation of the Eric's self employment tax is shown below:

= Net Self employment income × OASDI  tax rate +  Net Self employment income × MHI tax rate

= $132,150 × 6.2% + $132,150 × 1.45%

= $8,193.30 + $1,916.175

= $10109.475

The OASDI tax rate is also called social security tax and the self employment tax comprises of OASDI tax and MHI tax.

3 0
3 years ago
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