Answer:
DR Bad Debts Expense $11,750
CR Accounts Receivable $11,750
<em>(To record accounts receivable written off)</em>
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Explanation;
Direct method of writing off involves removing the bad debt directly from the Accounts Receivable account instead of using the Allowance for Doubtful debt account.
The answer is b. Annual interest rate and the time period.
Here's the explanation to my answer:
=> The amount of interest is being determined by multiplying the amount in savings and the interest will be able to solve depends on the period of time it is saved within the year.
Leading,Controlling/Measuring Evaluating and Correcting. ,Planning,and Organizing
Answer:
A shortage will result whenever the: c. Government imposes a price ceiling below the equilibrium price.
Explanation:
A <em>shortage</em> happens when the supply of a product is not enough to satisfy its demand.
Remember that the <em>equilibrium price</em> means that there is no shortage or excess - the quantity supplied of a product is exactly the same as the demanded quantity.
Now, keeping this in mind:
<em>a.</em> The government imposes a price floor above the equilibrium price: This means that the product is too expensive, so there will not be enough demand for the supplied good.
<em>b.</em> The government imposes a price floor below the equilibrium price: The price floor is cheaper than the equilibrium price, and in that case a shortage would occur. However, the market can still reach its equilibrium point since the restriction is on the minimum price (and not the maximum). Goods can still be legally sold at their equilibrium price.
c. The government imposes a price ceiling below the equilibrium price: In this case, a shortage would happen, since the demand of the product would rise given that legally it's cheaper than its equilibrium price.
<em>d. </em>The quantity supplied exceeds the quantity demanded: This would be basically the same as case a.
<span>The customs of a bride taking her husband's last name and her family paying for the wedding represents a patriarchal line of authority. In a patriarchal line of authority, the man is considered the head of a family and descendants trace their heritage back through his line.</span>