Answer:
a. Acct. receivable % uncollectible Est. uncollectible
1-30 days old $63,000 3% $1,890
31-90 days old $12,000 14% $1,680
> 90 days old $5,000 37% <u>$1,850</u>
Total <u>$5,420</u>
b. Date General journal Debit Credit
Dec 31 Bad debts expenses $5,150
Allowance for doubtful accounts $5,150
($5,420 - $270)
Answer:
option B is correct
market price per share be after the dividend is $7.27
Explanation:
Given data
share = 10000
stock value = $1.00 per share
market value = $8 per share
capital in excess = $32,500
common stock account = $10,000
retained earnings account = $42,700
stock dividend = 10%
to find out
market price
solution
we will find here market price / share that is given here formula
Market price is = ( share × market value) ÷ ( share × 1.10)
put here all these value we get
Market price = ( 10000 × 8 ) ÷ (10000 × 1.10)
market price = 80000 ÷ 11,000
so market price = 7.27
hence option B is correct
market price per share be after the dividend is $7.27
Answer:
The correct option is A, Samantha weed and Adam will rake because these are the goods each has a comparative advantage in.
Explanation:
The opportunity formula comes handy in this case, which is given below:
opportunity cost formula=what one sacrifices/what one gains
If Samantha were to weed flower beds, opportunity cost is computed thus:
Opportunity cost of Samantha weeding flower beds=8/4= 2 bags of leaves raked
The opportunity of Adam weeding flower beds=25/5 =5 bags of leaves raked.
In a nutshell ,if Samantha weeds flowers they would lose 2 bags of leaves raked while if Adam were to do so same, they would lose 5 bags of leaves raked, conclusively Samantha should weed flower beds since she has lower opportunity, higher comparative advantage