Answer:
$3,900
Explanation:
December 15: The company sold $2,000 of product to the customer with terms 2/15, n/45. December 31:The company has a fiscal year end of December 31. The company estimates using the aging-of-Accounts Receivable.
Accounts Receivable were $140,000, 3% is the estimate for doubtful accounts, and the Allowance for Doubtful Accounts balance is a $300 debit prior to any adjustment.
Therefore the amount to be credited to doubtful account = 0.03 x 140,000 = $4,200
The amount of bad debts = $4,200 - $300 = $3,900
Answer:
A.$325
B.657000 hours
Explanation:
We can calculate the cost of a 500-mile automobile trip by adding the cost of gasoline burnt and the cost of wear and tear during the trip. Total number of hours of 75 years old can be calculated by multiplying the number of hours in a day with the total number of days in a year.
DATA
Gasoline per gallon = $3
Vehicle wear and tear = $0.50/mile
Miles per gallon = 20 miles
Hours in a day = 24hours
Days in a year = 365
Number of years = 75
Requirement A
Cost of a 500 mile automobile trip = Cost of gasoline + Cost of vehicle wear
]
Cost of a 500 mile automobile trip = $75 + $250 = $325
Working
Cost of gasoline = (500 miles / 20 miles) * $3 per gallon = $75
Cost of vehicle wear and tear = 500 miles * $0.50 per mile = $250
Requirement A
Total number of hours in 75 years of human life = Life in years x Number of days in a year x Number of hours in a day
Total number of hours in 75 years of human life = 75 years * 365 days * 24 hours = 657000 hours
A substance decays in 22ach days. after 7 days, there are nine milligrams of the substance last. milligrams had been there to start with:
at the give-up of each day, you are left with (100- 22)% = 7-8%, that is 0.7-8Tim.
To decay is described as to rot, lose strength or become worse. An example of degradation is while old fruit begins to rot. An instance of degradation is whilst a community begins to come to be crime-ridden. A falling into spoil.
a few common synonyms of deterioration are decomposed, putrefy, rot, and spoil. even as these types of words suggest "to go through negative dissolution," decay implies a sluggish exchange from a country of soundness or perfection.
The wooden of the white pine is long-lasting for indoor use, in particular, whilst covered by means of paint, however, while uncovered to moist air it swiftly decays, and it is very prone to dry rot; its miles are said to be excellent while grown on sandy soils.
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Answer:
Let us assume that both the industries are having an investment of $100,000
The profit of the given industry which is having 10% rate of return will be $100,000 * 10% = $10,000
The other industry which is having the Rate of return of 5% will earn a profit of $100,000 * 5% = $5000.
As the capital is just half of the revenue, it signifies that the total revenue will be $200,000
. So the same value of $10,000 will be 5% of the total revenue. On the other hand, $5,000 would be 2.5% of total revenue.
Thus, the first stated industry will charge 2.5% more than the other industry.
Answer:
The correct answer to the first fill in the blank is discretionary fiscal policy and answer to second fill in the blank is automatic stabilizers.
Explanation:
Discretionary fiscal policy is a policy that government uses to change its spending and taxes. The main objective of this policy is expansion or contraction of the economy depending upon the need. This policy is also called demand side policy , which government uses to influence the aggregate demand.
Automatic stabilizers are that type of fiscal policy which are designed in such a way , that it can offset fluctuations in a country's economic activity through the course of their normal operations without any additional authorization needed by government.
