Answer:
The Journal entries are as follows:
(a) On February 1,
Allowance for doubtful accounts Dr. $8,800
To Account receivable-Oakley Co $1,900
To Account receivable-Brookes Co $6,900
(To record write off)
(b) On June 5,
(i)
Account receivable-Oakley Co. Dr. $1,900
To Allowance for doubtful accounts $1,900
(To record amount reinstated)
(ii)
Cash A/c Dr. $1,900
To Account receivable-Oakley CO $1,900
(To record cash received)
The simple exponential smoothing is a method suitable
for predicting data with no style or seasonal pattern. While
in Moving Averages the past observations are weighted similarly, Exponential
Smoothing allocates exponentially lessening weights as the
observation get older.
<span>Forecast for upcoming week = 25.10 + 0.3 (31 – 25.10) =
26.87</span>
Your economics training provides you with a terrific set of job skills, and in fact the economics major provides you with virtually all of the top ten most important job skills.
Economics are not restricted to one specific job category. Thus you have a wide variety of employment choices available to you. Because you have both quantitative as well as qualitative skills, however, it is natural to exploit your comparative advantage and find a position that utilizes both sides of your training.
The job market recognizes the special job skills that a major in economics provides. 80% of graduates in economics receive starting salaries in the range of $24,800-42,000 (
Historically, for domestic investors, a high inflation rate<span> has been considered anything over the 3% to 4% annual range with the 3% to 4% figure considered benign. This rate, which would be a godsend for most of the world, is caused by numerous things, some of which have to do with certain monetary and structural advantages in the U.S. economy that may not last indefinitely. That said, for the past decade, the country has experienced a historically low interest rate environment due to unprecedented intervention in the monetary system by the Federal Reserve and lawmakers as part of the efforts to stave off collapse of the global economic system back between 2007 and 2009 when the real estate bubble peaked and imploded, dragging down all sorts of </span>asset classes<span> with it, including the stock market.</span>
