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Pie
3 years ago
9

Manning Company uses the percentage of receivables method for recording bad debts expense. At the end of the year (before adjust

ment), the Allowance for Doubtful Accounts has a credit balance of $2,000 and accounts receivables has a balance of $1,000,000. Management estimates that 2% of credit sales will be uncollectible. What is the balance in the Allowance for Doubtful Accounts after adjustment? Select one: a. $24,000 b. $20,000 c. $22,000 d. $23,000 e. None of the above

Business
1 answer:
Lynna [10]3 years ago
3 0

Answer:

c) $22,000

Explanation:

Find the attachment below

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What is a way Virtual Reality can be used in the construction industry?.
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The way Virtual Reality can be used understand the project needs by

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<h3>What is Virtual Reality?</h3>

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Risk Breakdown Structure

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3 years ago
Which of the following statements are true regarding​ externalities? ​(Check all that apply​.) A. Deadweight loss can be either
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d

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A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.

A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.

Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible

Coase theorem has been proposed as a solution to externality. According to this theory, when there are conflicting property rights, bargaining between parties involved can lead to an efficient outcome only if the bargaining cost is low

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3 years ago
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