Answer:
Bad debt expense $ 14.850
Explanation:
Initial Balance
Accounts Receivable $ 309.000
Allowance for Uncollectible Accounts $ 600
Should be 5% of the Accounts Receivables
Allowance for Uncollectible Accounts $ 15.450
We must calculate the difference between the actual balance and the must be balance.
Adjustment entry
Bad debt expense $ 14.850
Allowance for Uncollectible Accounts $ 14.850
END Balance
Accounts Receivable $ 309.000
Allowance for Uncollectible Accounts $ 15.450
Answer:
E. Over applied overhead
Explanation:
Over applied overhead is defined as excess amount of overhead applied during a production period over the actual overhead incurred during that period. In other words, it means excess overhead applied to work over the amount of overhead actually incurred.
When this occurs, it is called favourable variance and it is added to the budgeted profit in the end of the accounting period in a financial statement.
To increase Federal Funds rate, they can B: decrease the discount rate. I'm sorry if I'm wrong. I'm also sorry it took so long I was distracted watching the Hannah Montana marathon on Disney Channel :) I'm such a child. Well, i am 12 and Hannah Montana was my entire childhood (age 1-7 and is always a part of me)
Answer:
b. the CPI better reflects the goods and services bought by consumers.
Explanation:
The Consumer Price Index (CPI) measures the change in price over a period of time (inflation) of a selected basket of goods and services that represents those goods and services that are most often bought and consumed by the average consumers.
While the GDP Deflator includes the change in price of all goods and services, even those that are not commonly purchased, CPI only includes those that are common, for example: food, gas, housing, and medical insurance. Because of this, the CPI is a better gauge of inflation, and is the index that is usually used to measure inflation.
