Answer:
Bad debts expense Debit $ 600
Allowance for Uncollectible expenses Credit $ 600
Explanation:
The allowance for uncollectible accounts is estimated usually on the basis of a percentage of credit sales. The data in the question indicates that the estimated losses from uncollectible accounts is $ 1,000.
The unadjusted balance is $ 400, so the adjusting entry is for the balancing amount, i.e. $ 600. It is debited to bad debts and credited to allowance for uncollectible accounts.
Answer:
The correct answer is letter "A": firms who supply the product and consumers who buy it, but government policies such as taxes also play an important role in the operation of markets.
Explanation:
Primary markets are formed by buyers and sellers of a given product and the regulations the government imposes to promote fair competition. The term is mostly used in the stock market to define the place where firms sell securities directly to investors. These securities have been recently issued and are offered through Initial Public Offerings (IPOs).
Answer:
In my opinion Jack believes in the efficiency wage theory. This theory states that an increase in wages will increase labor productivity, lower staff turnover and attract the best possible employees.
So when Jack increases his employees' salaries, their increased productivity will recoup the extra labor costs. At the end, Jack believes his profit will increase because of the higher wages he pays.
Answer:
Allocated MOH= $26,372
Explanation:
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Total fixed overhead= 48,200
Total variable overhead= (1.9*8,000) + (3*2,000)= $21,200
Predetermined manufacturing overhead rate= (48,200 + 21,200) / 10,000
Predetermined manufacturing overhead rate= $6.94 per machine hour
<u>Now, we can allocate overhead to Job H:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 6.94*(2,600 + 1,200)
Allocated MOH= $26,372
The primary purpose of the aggregate demand and aggregate supply model is to demonstrate the classical dichotomy. the price level is higher than expected making production more profitable. If aggregate demand shifts right, then eventually price level expectations rise.
The purpose is defined as planning or intending to do something. An example of purpose is a person who has decided to save his 10% of his income. object to reach. target; target; target. Desired Outcome; Intent.
Your life purpose is made up of your central motivational goal in life, the reason you wake up in the morning. Purpose can guide life choices, influence behavior, shape goals, provide direction, and create meaning. For some, the purpose is tied to vocation, meaningful and rewarding work. Think about it: A sense of purpose tends to increase optimism, resilience, and hope. Experience joy, happiness, and contentment more often. better physical health.
Learn more about purpose here
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