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lord [1]
3 years ago
5

On December 31, Tremble Music had account balances in Accounts Receivable of $300,000 and in Allowance for Uncollectible Account

s of $1,000 (debit) before any adjustments. An analysis of Tremble's December 31 accounts receivable suggests that 5% of the account balances are not expected to be collected. The balance of Allowance for Uncollectible Accounts after adjustment will be:
a. $1,000
b. $16,000
c. $14,000
d. $15,000
Business
1 answer:
Maru [420]3 years ago
6 0
D. 300,000 x 5% = 15,000
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(6 points) Life rating in Greece. Greece faced a severe economic crisis since the end of 2009. Suppose a Gallup poll surveyed 1,
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Answer:

1. B. The actual proportion of Greeks who believe they are suffering.

2. This is the proportion of Greeks in the sample considered, i.e p = 0.25

3. n = 250 phat - 25% — 0.25 z score - 5%/2 —  2.5 on each end — z = 1.9 se - use formula - .0470.25 +/- 1.9 x .027+: .3675 -: .1325.

4. A. wider

5. B. narrower

Explanation:

In this question, it is essential to estimate the actual population of Greeks that believe they are extremely poor and also suffering. This will be used for proper sampling. Furthermore, in the sample considered, it was discovered that the parameter point estimate is approximately 25% and a change in the sample size or confidence level will alter the interval.

3 0
3 years ago
Karim Corp. requires a minimum $8,000 cash balance. Loans taken to meet this requirement cost 1% interest per month (paid monthl
ElenaW [278]

Answer:

                                           Karim Corp

                                          <u>Cash Budget</u>

                                                 July              August         September

Cash inflows:                         $20,000      $26,000         $40,000                   

Cash outflows:                     (<u>$28,000) </u>    (<u>$30,000)</u>       (<u>$22,000)</u>

Monthly cash flow:                ($8,000)       ($4,000)          $18,000          

Monthly interests:                           $0             ($76)          ($116.76)

Initial cash balance:                <u>$8,400 </u>       <u> $8,000 </u>         <u> $8,000</u>

Ending cash balance:                $400          $3,924       $25,883.24

Required bank loan:               $7,600          $4,076                   $0

Payment of bank loan:           <u>        $0  </u>        <u>       $0  </u>       <u>  ($11,676)</u>

Total                                         $8,000         $8,000       $14,207.24           

Explanation:

A cash budget is the estimation of the business's future cash flows including estimated revenues and expenses.

4 0
3 years ago
Franklin Construction entered into a fixed-price contract to build a freeway-connecting ramp for $54 million. Construction costs
lara31 [8.8K]

Answer:

$15 million

Explanation:

Franklin Construction

Construction costs incurred $54,000,000

Less total estimated costs ($44+$27) $69million

The anticipated loss $15 Million

Franklin will recognize anticipated gross loss of $15 million in the first year if it recognizes revenue over time according to percentage of completion method which is ($54 million contract price less total estimated costs of $69million)

7 0
3 years ago
The difference between the highest and lowest scores in a distribution is the
tiny-mole [99]
I think its the mean...........
8 0
3 years ago
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Explain why a rational consumer who had diminishing marginal utility for a good would not consume an additional unit when it gen
astra-53 [7]

Answer:

The answer is: Negative marginal utility means that at some point you will be worst off if you keep consuming extra units of a product. That means that you will stop consuming that product to stop getting worse even if that product is given to you for free.

Explanation:

The law of diminishing marginal utility states that as someone consumes a product, the satisfaction that they get from the product wanes out as they consume more and more of that product. Eventually they wouldn´t get any more satisfaction from consuming that product, they may even get worse if they consume more of that product (negative marginal utility). At that point they will stop consuming it. They will either change to some other substitute product or not consume at all.  

A great example for this is an all you can eat buffet. A person eats until they are full. They may eat a lot, but eventually they will stop eating even if the extra food is "free" or already paid for.

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