1100 is Accounts Receivable for the company determined that $7,200 in customer accounts was uncollectible; specifically, $1,100 for oakley company and $6,100 for brookes company.
Feb 1 Allowance for Doubtful Accounts 7200
Accounts Receivable - Oakley 1100
Accounts Receivable - Brookes 6100
Jun5 Accounts Receivable - Oakley 1100
Allowance for Doubtful Accounts 1100
Jun 5 Cash 1100
Accounts Receivable - Oakley 1100
Accounts receivable (AR) is the remaining amount owed to a business for goods or services that have been delivered or consumed but have company not yet accounts receivable been paid for by clients. The balance sheet classifies accounts receivable as a current asset. Customers' unpaid debt for goods they made with credit is referred to as AR.
The term "accounts receivable" refers to any unpaid bills or cash that a business is owed by customers. The word refers to accounts that a accounts receivable company is entitled to get as a result of delivering a good or service. Accounts receivable, also known as receivables, are a company type of line of credit that a business extends to its customers, and its terms typically call for payments to be made within a short time frame.
Learn more about accounts receivable here
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Answer:
The answer is: B) The reduction in economic surplus resulting from a market not being in competitive equilibrium.
Explanation:
Deadweight loss is an economic cost to society as a whole when market inefficiencies occur preventing it from reaching its equilibrium point. Market inefficiencies are caused by incorrect allocation of resources.
For example if a price ceiling is established, suppliers will tend to lower the quantity supplied while the quantity demanded either increases or stays the same. That economic deficiency resulting from an unsatisfied demand is what we call deadweight loss.
Other causes for deadweight loss are price floors (reduction of the quantity demanded) and taxation (shifts on the demand or supply curves).
Answer:
a) c) d)
Explanation:
a) The seller does not have to decide who gets credit - this is done by the card issuer
c) seller receives cash sooner than if credit is granted directly to the customers - The cash is received from the card issuer
d) may allow seller to increase sales volume - As cash is available to those who otherwise might not have it for purchases
Answer:
Seek new ways of improving their products and services & Use those ideas to generate income
Explanation:
Answer:
risk premium is 4%
Explanation:
given data
investment = $100000
rate = 5%
rate = 4 %
cash flow = $9000
to find out
What is the risk premium
solution
we know here invest is done in more return so risk is always here taht is risk premium and invest here $100000 with 5 % so
return of investment is $5000
so here rate of investment is 5 %
and
we have given same amount cash flows of $9000 per year
so rate of investment will be 9%
so here
risk premium will be 9% - 5%
so risk premium is 4%
