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vaieri [72.5K]
3 years ago
15

When economists use the term ceteris paribus, they are indicating that

Business
1 answer:
yawa3891 [41]3 years ago
3 0
Ceteris paribus mean other thing remaining the same.

so the correct answer should be B.
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At the beginning of the current period, Bramble Corp. had balances in Accounts Receivable of $196,800 and in Allowance for Doubt
olasank [31]

Answer and Explanation:

The journal entries are shown below:

a. Account receivable Dr $864,300

          To Sales revenue  $864,300

(Being the sales revenue is recorded)        

Cash Dr $687,610

        To Account receivable $687,610

(Being the collections is recorded)

2. Allowance for doubtful debts $6,804

        To Account receivable $6,804

(Being the written off amount is recorded)

3.  Account receivable Dr $3,219

        To Allowance for doubtful debts $3,219

(Being the previous written off amount is recorded)

Cash Dr $3,219

     To Account receivable $3,219

(Being the recovery is recorded)

4. Bad debt expense $18,075

        To Allowance for doubtful debts $18,075

(Being the bad debt expense is recorded)

The computation is shown below:

= $24,000 - $9,510 + $6,804 - $3,219

= $18,075

Only these entries are recorded

3 0
3 years ago
Maria has a balance of $4,500 on her credit card with a 22% interest rate. How long will it take her balance to double?
Makovka662 [10]

The time required from simple interest on a principal of $4,500.00 at an interest rate of 22% per year is 4.55 years (about 4 years 7 months).

<h3>Simple Interest</h3>

Given Data

  • Principal =  $4,500
  • Interest = 22%
  • Final Amount = $4,500*2 = $9,000

Equation:

t = (1/r)(A/P - 1)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 22%/100 = 0.22 per year,

then, solving our equation

t = (1/0.22)((9000/4500) - 1) = 4.55

t = 4.55 years

Learn more about Simple Interest Here:

brainly.com/question/723406

3 0
2 years ago
The formula for the production budget is budgeted sales in units plus desired ending merchandise inventory less beginning mercha
Deffense [45]

Answer:

desired ending finished goods units less beginning finished goods units.

Explanation:

production budget can be regarded as budget that gives the calculation of the number of units of particular products which is needed to be manufactured, this is comprises the sales forecast as well as amount of finished goods inventory that is planned to have on hand.

It should be noted that the formula for the production budget is desired ending finished goods units less beginning finished goods units..

7 0
2 years ago
A note payable was issued in payment for services received. The services had a fair value less than the face amount of the note
Leokris [45]

Answer:

The note payable will be presented in the financial statement at the face amount minus a discount calculated at the imputed interest rate.

Explanation:

The imputed rate is the rate at which the present value of the face amount of the note will be equal to the amount at which it is originally recorded.  

Notes issued or received in exchange for goods or services that do not bear interest at a fair rate are reported at an amount equal to the fair value of the note, the fair value of the goods or services, or the present value of the note using a fair interest rate, whichever is more readily determinable.  

The difference between the recorded amount and the face value is considered a discount and the applicable interest rate regardless of which method is used to value the note.

Because of this, the note is reported at its face amount minus a discount calculated at the imputed interest rate.

3 0
3 years ago
Feb. 2 Wrote a $350 check to establish a petty cash fund. 5 Purchased paper for the copier for $14.55 that is immediately used.
Nataly [62]

Answer:(1) Dr: petty cash $350, Cr: Cash $350, (2) Total delivery expense $16, Total Milleage expense $71, Total postage expense $65.55, Total merchandise inventory( Transportation -in) $42.4, Total office supplies $81.32, Petty Cash Balance $204.67 (3) a) Dr : Expenses $326.29, Cr : Cash $326.39 (b) Dr: petty cash $490, Cr: Cash $490

Explanation:

Journal entry to establish the petty cash fund

Dr : petty cash $350

Cr: : Cash $350

Journal entry to record the reimbursement

Dr : Expenses $326.39

Cr: Cash $326.39

Journal entry to record the increase in fund amount

Dr:petty cash $490

Cr: cash $490

Total delivery expenses $16

Total mileage expenses $71

Total postage expenses $65.55

Total merchandise inventory (Transportation -in) $42.4

Total office supplies $81.32

Amount received for reimbursement $326.39

Petty Cash Balance $204.67

7 0
3 years ago
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