Answer:
The dollar amount that should be credited to Allowance for Uncollectible Accounts at year end is $ 12,100
Explanation:
Providing allowance for doubtful debts
A provision is made for the debts which are likely to be uncollectable by a company.This amount is used to adjast the Trade Receivable balances to show a faithful representation of assets a beusiness has at end of year.
Calculations
<em>December 31, 2018 Arundel Company`s Allowance for Doubtful debts is calculated as follows</em>
Credit Sales × % of allowed provision
$805,000 × 2.0%
$16,100
<em>Adjastment to be done in Allowance for Doubtful Debts Account:</em>
<em>Hint : Open Allowance for Doubtful Debts T Account:</em>
<u>Credits :</u>
Opening Balances 4,000
Balancing Figure (Profit and Loss) 12,100
Totals 16,100
<u>Debit:</u>
Closing Balance 16,100
Totals 16,100
Answer:
C. Many companies review pay during a performance appraisal.
Explanation:
Performance appraisals are usually ongoing through out the year where as annual reporting is done on it. It allows for better decisions by the management whether if to revise pay scales as per the improved performances of the employees. These appraisals may be used for identify training needs, pay reviews and promotional opportunities for employees.
Hope that helps.
Answer: -$205,000
Explanation:
Retained earnings balance = Retained earnings amount - Dividends declared
Dividends declared = Percent dividend * Number of shares * Market value
= 50% * 15,000 * 45
= $337,500
Retained earnings balance after dividend:
= 132,500 - 337,500
= -$205,000
Answer:
The correct answer is B)
This is almost self explanatory.
Explanation:
A tighter and more anti-inflationary monetary policy will be politically unpopular because it reduces the amount of money in circulation.
Business owners will cringe at it because the rate at which they can access capital or investible funds from the commercial banks or other financial institutions will have taken an upward spiral.
Because business owners can no longer leverage off bank funds to operate their businesses, many may lay off workers thus creating unemployment.
Those who are being unemployed have less and less to spend and, this sort of economic move will attract unsavoury political responses though it is executed for the greater good.
On the other hand,
When there is too much money in circulation, it triggers inflation, in turn, reduces the spending power of businesses and consumers.
As inflation increases, and real income (purchasing power) reduces, Labour Unions begin to agitate for increment in their labour rates or wages. This puts a strain on the businesses who either increase and suffer lower bottom lines or are forced to cut down on demand for labour to satisfy the new wage rate being demanded.
Cheers!
Answer:
The correct answer is: feasible and efficient.
Explanation:
The production possibility curve or frontier shows the different bundles or combinations of two goods that be produced using the given resources and state of technology.
All the points on the production possibilities curve represent the combinations that are feasible and efficient.
The points below the curve show the points that are feasible but inefficient.
The points above the curve show the points that cannot be attained using the given level or resources and technology.