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Answer:
Bad Debt Expense ($40,000 - $3,200) $36,800
To Allowance for Doubtful Accounts $36,800
(Being the bad debt expense is recorded)
Explanation:
The adjusting entry is shown below:
Bad Debt Expense ($40,000 - $3,200) $36,800
To Allowance for Doubtful Accounts $36,800
(Being the bad debt expense is recorded)
For recording this we debited the bad debt expense as it increased the expenses and credited the allowance for doubtful debts as it decreased the value of the assets
And since there is a credit balance so the same is deducted from the account receivable
Costco is the biggest warehouse retailers in the US. It follows unique idea of low pricing. It has an<span> excellent channel management </span><span>that includes these concepts – goals – the main goal of this strategy was to give different types of brand names with private level merchandise with a low price. Policies – </span>Costo<span> has products which have margin that is lower than 14% and helps in providing products at optimum market price. Products – </span>it has various products with different colors and sizes and these help the company in high volume sales.<span> </span>
Answer:
e
Explanation:
Due to weather disruptions in agricultural areas , farms would be negatively affected and this would reduce supply. If supply is reduced, the supply curve shifts inward. This would lead to an increase in equilibrium price and a reduction in equilibrium quantity
For example, an hurricane would destroy farms
