Answer:
Bad debt expense for 2022 would be $2,950.
Explanation:
Bad debt expense for 2022 can be calculated as follows:
Bad debt expense for 2022 = Allowance for uncollectible accounts of at December 31, 2022 - (Balances in Allowance for Uncollectible Accounts on December 31, 2021 - Accounts receivable written off) = $4,300 - ($2,000 - $650) = $2,950
Therefore, Bad debt expense for 2022 would be $2,950.
Answer: (D) Fairness and honesty
Explanation:
The fairness and the honesty are the two main business ethics that helps in providing the various types of attributes such as integrity and the honesty with the customers regarding the products and the services.
These are the moral standard that helps in the decision making process by reducing the discrimination, mis-representation and also the coercion.
According to the given question, the business people are not providing any harm to the client, customers and also the competitors, this is the practicing of fairness and the honesty concept.
Therefore, Option (D) is correct answer.
The court system is messed up i dont get what you are asking.
Answer:
employed workers and persons who are officially unemployed
Explanation:
The labor force is the force that involves the labors who are employed and the unemployed i.e. officially
In an equation, it can be
Labor force = Employed workers + unemployed workers
It is a combination of both the employed and the unemployed workers
hence, the correct option is third
Therefore all the other options are wrong as they do not meet the criteria of the labor force
Answer:
Current ratio = 0.33 times
Acid test ratio = 0.29 times
Explanation:
• Current ratio
Current ratio = Total current assets ÷ Total current liabilities
= $875 ÷ $2,638
= 0.33 times
• Acid test ratio
Acid test ratio = Quick assets ÷ total current liabilities
Where,
Quick assets = Total current assets - Inventory
= $875 - $116
= $759
Recall total current liabilities = $2,638
Therefore,
Acid test ratio = $759 ÷ $2,638
Acid test ratio = 0.29 times
