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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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o-na [289]

Answer:

What must be given up to acquire it

Explanation:

Here is the full question :

Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent the location and buy the stock. In addition, she would have to quit her $50,000 per year job as an accountant.

 What is the opportunity cost of something?

The time it takes to do something

 What must be given up to acquire it

Cost to produce it

What you pay

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over another alternative.

By choosing to open her store, my aunt has to forgo her accounting job. this is her opportunity cost. so her opportunity cost is $55,000

6 0
3 years ago
Which of the following terms accurately describes functional strategies that are properly aligned, traceable to the business str
Alona [7]

Answer:

The correct answer is D

Explanation:

Cross- functional strategies is the term which is described as the group of the people which have different expertise but working toward the common goal.

It involve the people or individual from human resources departments, marketing, finance and operations.

Therefore, the functional strategies which are aligned properly, need coordination among the multiple functional areas and the traceable to the strategy of the business are defined by the cross- functional strategies.

6 0
3 years ago
On July 4, Cullumber's Restaurant accepts a Visa card for a $1,350 dinner bill. Visa charges a 2% service fee. Prepare the entry
Thepotemich [5.8K]

Answer:

Journal entry

Explanation:

The journal entry is as follows

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(Being the cash is recorded)

for recording this transaction we debited the cash and expenses as it increase both balances while at the same time the sales revenue is also increased so it is credited

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aalyn [17]

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The progress report contains the outlines of the activities that has been carried out and how much the tasks has been completed.

It also records the milestones that has been achieved according to the project plan.

The project report can be prepared daily, weekly or in a specific interval of time according to the scale of the project.

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I believe it is B. Save his word processing document as a .txt file.

8 0
3 years ago
Read 2 more answers
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