Answer: <u><em>The adjusting entry at the end of the year will include a credit to Allowance for Doubtful Accounts in the amount of: $750</em></u>
Given:
Accounts receivable = $640
Allowance for Doubtful Accounts = $110
<em><u></u></em>
<em><u>Therefore, the correct option is (c).</u></em>
Capitalism is the term for an economic system in which the means of production are held largely in private hands and the main incentive for economic activity is the accumulation of profits.
Capitalism is an economic system in which the means of production are privately owned by firms. Means of production include land, tools, technology, and so forth, which is needed in order to produce goods and services.
In a capitalist economy, capital assets such as factories, mines, and railroads can be privately owned and controlled by private sectors. Here the main incentive for economic activity by private sectors is to make profits.
Hence, the essential feature of capitalism is the motive to make a profit.
To learn more about Capitalism here:
brainly.com/question/17162524
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I think the one that will result in more money would be : put more money in as a principle amount.
The different of interest rate between each banks probably less than 3 % a year. I think putting more money as a principle amount will give them more interest revenue in the future
Hope this helps
Answer:
Predetermined Overhead Rate = $11 per labor hour
Explanation:
The predetermined Overhead rate for Stanford Enterprise is calculated by dividing the estimated manufacturing overheads with estimated total direct labor hours.
Actual manufacturing overhead = $302,750
Actual direct labor hours = 27,760 hours
Estimated/ budgeted labor hours = 25,000 hours
budgeted manufacturing overheads = $275,000
Predetermined OH rate = $275,000 / 25,000 = $11 per hour
Actual OH rate = $302,750 / 27,760 hours = $10.91 per hour
