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3 years ago

One of the ways governments try to bring their (market) economies out of recession, to reduce unemployment, etc. is by

2 answers:

3 0

<span>One of the ways governments try to bring their (market) economies out of recession, to reduce unemployment, etc. is by lowering corporate taxes. The belief is that if you lower the penalties that corporations and businesses have to pay, they will have more money and be inclined to hire more employees. They'll also have incentive to give bonuses, which will make people spend more money and hopefully create and economic boom.</span>

Nookie1986 [14]3 years ago

3 0

Answer:

spending revenues on large projects using private sector contractors.

Explanation:

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3 years ago

alderwood company has provided the following information prior to any year-end bad debt adjustment: cash sales, $455,000 credit

nordsb [41]

If sales discounts, $57,000 allowance for doubtful accounts credit balance, $3,800 alderwood prepares an aging of accounts receivable and the result shows that 5% of accounts receivable is estimated to be uncollectible. The bad debt expense is:$13,450.

<h3>How to determine the Bad debt expenses ?</h3>

First step is find the Required Balance using this formula

Required Balance =Accounts Receivables × Percentage of Uncollectible

Let plug in the formula

Required Balance =$345,000 × 5%

Required Balance =$17,250

Now let find the bad debt expenses using this formula

Bad debt expenses = Required Balance - Existing Credit Balance

Let plug in the formula

Bad debt expenses = $17,250 - $3,800

Bad debt expenses = $13,450

Therefore we can conclude that the Bad debt expenses is the amount of $13,450.

Learn more about Bad debt expenses here: brainly.com/question/24871617

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8 months ago

Allowance for Doubtful Accounts has a credit balance of $500 at the end of the year (before adjustment), and bad debt expense is

andrew11 [14]

Answer:

The correct answer is c) $9,000

Explanation:

If net credit sales are $300,000 and bad debt expense is estimated at 3% of net credit sales.

$300,000 x 3%= $9,000

$300,000 x 0.03= $9,000

The amount of the adjusting entry to record the estimated uncollectible accounts receivables is $9,000

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3 years ago