Answer:
A.$8,600
Explanation:
The journal entry to record the bad debt expense is shown below:
Bad debt expense A/c Dr $8,600
To Allowance for doubtful debts $8,600
(Being bad debt expense is recorded)
Since the bad debt expense is an expense so the same is recorded in the debit side of the balance sheet while the estimated uncollectible portion reduces the account receivable balance so we credited it
Answer:
Cost of Truck = $31,540
Explanation:
given data
cash price = $27,210
accident insurance = $1,570
sales taxes = $1,840
motor vehicle license = $670
painting and lettering = $2,490
to find out
cost of the truck
solution
as we know that Accidental insurance and the vehicle license are not include in cost of truck
because there are yearly costs
so that cost of the truck will be as
cost of the truck = cash price + sales taxes + painting and lettering ...............1
put here value we get
Cost of Truck = $27,210 + $1,840 + $2,490
Cost of Truck = $31,540
Answer:
C) laissez-faire
Explanation:
Laissez-faire refers to a concept of letting people do as they want. If a leadership style follows the laissez-faire doctrine then the leader (supervisor, manager) will let his staff or employees set their own goals, rules and make their own decisions about what to do.
Transformational leadership style requires the leader (supervisor, manager) to work with his team to set goals, rules and strategies, and execute all necessary actions to achieve them.
Answer:
$580.36
Explanation:
We use the PMT formula in this question. The attachment is shown below.
Data provided in the question
Present value = $0
Future value = $25,000
Rate of interest = 12% ÷ 12 months = 1%
NPER = 3 × 12 month = 36 months
The formula is shown below:
= PMT(Rate;NPER;PV;-FV;type)
The future value come in negative
So, after solving this, the size of the payment is $580.36
Answer:
a. rise in unemployment
Explanation:
Aggregate demand is a term describing the total demand for goods and services in the economy. If the aggregate demand rises, it means the country's population is requesting more goods and services. Production will increase to meet the new demand, and consequently, the GDP will grow.
Should the economy experience a fall in aggregate demand, industries will reduce the level of production. GDP is the total production in the economy. If the output is below the potential GDP, it implies a decline in production. The economy is slowing down. The manufacturing and service sectors will cut down production. Reduction in production mean industries will lay-off employees. Unemployment will rise as industries will not create employment opportunities for job seekers.