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3 years ago

The following transactions were completed by Daws Company during the current fiscal year ended December 31:

Business

1 answer:

boyakko [2]3 years ago

4 0

Answer:

Explanation:

The T account is presented below:

Allowance for Doubtful Debts

Jan 29 $5,850 Jan 1 Beginning balance $54,200

Aug 9 $11,850 April 18 $4,000

Dec 31 $52,160 Nov 7 $7,000

Dec 31 Unadjusted

balance $4,660

Dec 31 Adjusting entry $64,660

Dec 31 Adjusted balance $60,000

You might be interested in

Harvey Industries, a Wisconsin company, specializes in the assembly of high-pressure washer systems and in the sale of repair pa

noname [10]

Answer:

1. Airplanes.

2. Ice-cream plants.

3. Building maintenance.

4. Engines.

5. Automobiles.

6. Barns.

7. Lift trucks.

8. Swimming pools.

9. Machinery.

Explanation:

In this scenario, Harvey Industries, a Wisconsin company, specializes in the assembly of high-pressure washer systems and in the sale of repair parts for these systems. The products range from small portable high-pressure washers to large industrial installations for snow removal from vehicles stored outdoors during the winter months.

Basically, the high-pressure water cleaning is a process that involves using water running at a very high pressure and sometimes high temperature to remove mold, dirt, dusts, loose paint, snow removal, grime etc from physical objects such as vehicles, equipments, buildings, billboards through the use of a plunger pump.

The typical uses for high-pressure water cleaning include: Airplanes, Ice-cream plants, Building maintenance, Engines, Automobiles, Barns, Lift trucks, Swimming pools, Machinery etc.

The proper application of high-pressure water cleaning helps to reduce environmental degradation, ensure equipments or environment are clean and neat. Also, high and tight places that cannot be easily reached by humans can still be cleaned with the help of a high-pressure water cleaner.

3 0

3 years ago

Identify the reasons why the quantity demanded of a product increases as the price of that product decreases. a. as the price de

Brut [27]

Answer:

D) A and B

Explanation:

a. as the price declines, the real income of the consumer increases

b. as the price of product A declines, it makes it more attractive than product B

Hope this helps!

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4 0

3 years ago

In 20-- the annual salaries paid each of the officers of Abrew, Inc., follow. The officers are paid semimonthly on the 15th and

Anon25 [30]

Answer:

All workings are attached in the attachment for your convenience.

Explanation:

Download docx

5 0

3 years ago

Recently, Verizon Wireless ran a pricing trial in order to estimate the elasticity of demand for its services. The manager selec

tatyana61 [14]

Answer:

C) Yes: The one-week measures show demand is elastic, so a price increase will reduce revenues.

Explanation:

The error that the Manager did was to under-estimate the principles of elasticity of demand that posits that increase in price is inversely proprtional to demand. Perhaps, she also overrated the quality of their services without given thoughts to the presence of competition and customers’ decisions in a competitive market.

The survey carried out was a proof of the fact that price increase had an inverse effect on the demand for the services, as was shown by the rate of decline in the number of customers who enrolled in Verizon's cellular plans especially in those states where they had the best of customers’ loyalty.

7 0

2 years ago

Read 2 more answers

If Black Diamond has teams of employees working on projects from nations around the world with varying cultural backgrounds and

kiruha [24]

Answer:

d. Deep-level diversity

Explanation:

The term diversity includes the differences that are possessed by the individuals and that distinguishes them from each other. The variation in physical attributes, beliefs, nationality, religion and other such aspects helps in building what is termed to be diversity.

Deep-level diversity is characterized with the attributes that are non-observable. The beliefs, ideas, values and religion are the attributes of deep-level diversity.

According to the given excerpt, the cultural backgrounds and outdoor interests are the aspects that are unobservable and therefore grouped under deep-level diversity.

3 0

3 years ago