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andrew11 [14]
4 years ago
5

Community Enhancers, a nongovernmental not-for-profit organization, received the following pledges:________Unrestricted $400,000

Restricted for capital additions 300,000All pledges are legally enforceable. However, Community's experience indicates that 5% of all pledges prove to be uncollectible.What amount should Community report as pledges receivable, net of any required allowance account?A. $700,000B. $665,000C. $380,000D. $285,000
Business
1 answer:
Dmitry [639]4 years ago
8 0

Answer:

B) $665,000

Explanation:

Total pledges receivable are $700,000 but they should be reported minus the allowance for uncollectible pledges = $700,000 - 5% = $665,000

The journal entry to record the pledges receivable:

  • Dr Pledges Receivable account 700,000
  • Cr Allowance for Uncollectible Pledges account 35,000
  • Contributions Revenue account 665,000

The allowance for uncollectible pledges account is a contra asset account that reduces the value of the pledges receivable account.

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A decrease in the money supply might indicate that the Fed had
andrew-mc [135]

Answer:

d. sold bonds to decrease banks reserves.

Explanation:

The Fed uses contractionary Open market operations to contain runaway inflation. The Fed sells bonds and securities to the banks to reduce the amount of money available for credit in the economy.  The bank will use funds that should be loaned out to purchase government bonds, thereby denying individuals and firms a chance to borrow from the banks.

If the Fed wants to reduce the money supply in the economy, it issues out bonds and security at attractive interest rates. The banks will opt to invest with the government, which is risk-free rather than loan out to households and firms. By selling bonds and securities, the Fed mops out all the excess money in the economy.

7 0
4 years ago
The capturing of transaction and event information using technology to 1) process the information according to defined business
IRINA_888 [86]

Answer:

The correct answer is: Online transaction processing (OLTP).

Explanation:

The acronym OLTP stands for Online Transaction Processing. These procedures facilitate the management of transactional applications for data entry, recovery and processing. It is typical of operational databases, and the software packages used for these technologies are based on the client-server technique. These systems are often used by companies that enjoy a distributed computer network, such as the agents responsible for the supply chain, airlines, banks, industry, etc.

This system optimizes access to data, facilitating the tasks of reading, writing and analysis that are carried out frequently. OLTP procedures structure this data according to its level of application (custom management program, CRM or ERP implemented ...), in addition, they do not have to remain uniform in different departments due to the common lack of compatibility. Finally, they are characterized because the data history is limited to the present or to the most recent.

In this way, the systems of this technology record the business interactions that are produced throughout the daily operation of the organization, admitting the consultation of data for different interventions.

7 0
3 years ago
The price elasticity of supply measures how responsive a. sellers are to a change in price. b. sellers are to a change in buyers
laila [671]

Answer:

a. sellers are to a change in price    

Explanation:

The price elasticity of supply measures the percentage change in quantity supplied with the percentage change in price

In mathematically,

Price elasticity of supply = (Percentage change in quantity supplied ÷  percentage change in price)

It shows a direct relationship between the quantity supplied and the price.

5 0
3 years ago
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andrey2020 [161]

Equifax

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hoped this helped

8 0
4 years ago
Which statement about bankruptcy in the u.s. is correct?
vivado [14]
I think it was C.
Sorry if it is wrong
I just know that
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3 years ago
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