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FinnZ [79.3K]
3 years ago
11

Overall levels of income, employment, and prices are determined by the spending and production decisions of all of the following

EXCEPT
A.households
B.businesses
C.net exports
D.net imports

HURRY!

Business
1 answer:
Murljashka [212]3 years ago
7 0

Answer:

D.net imports

Explanation:

In order to increase the aggregate demand, there must be a rise in the spending of: households, businesses and net exports. The equilibrium of the aggregate supply and aggregate demand model stablish that "overall levels of income, employment and prices are determined by those factors but not for the net imports.

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In 2013, Chandler Company had net credit sales of $1,125,000. On January 1, 2013, Allowance for Doubtful Accounts had a credit b
mezya [45]

Answer:

Debit : Bad Debts = $33,000

Credit : Allowance for doubtful debts = $33,000

Explanation:

The question states that the allowance for doubtful debts are expected to be 10% of the accounts receivables. As at 31 December, accounts receivables is $330,000

This means that the allowance for doubtful debts is it is: $330,000 x 10%= $33,000

An account for allowance for doubtful debts is a contra account created, predicting that certain debtors will not be able to pay for the goods and services they purchased. The 10% may be based on historical experiences. Doubtful debts aren’t officially uncollectible, it is simply an estimation made, but bad debts are, where you have officially written off a certain accounts receivable as uncollectible.

An allowance for doubtful debts is recorded in the balance sheet, directly under accounts receivables. Bad debts are recorded as an expense in the income statement.

The entry to record the above transaction is:

Debit : Bad Debts = $33,000

Credit : Allowance for doubtful debts = $33,000

When the amount is officially declared uncollectible, the allowance for doubtful debts account will be debited and the accounts receivables account will be credited.

3 0
3 years ago
Ming Company had net income of $772,200 based on variable costing. Beginning and ending inventories were 7,800 units and 5,200 u
Otrada [13]

Answer:

$764,400

Explanation:

Given that,

Net income under variable costing = $772,200

Beginning inventories = 7,800 units

Ending inventories = 5,200 units

Fixed overhead per unit = $3

Net income under absorption costing:

= Net income under variable costing - [(Beginning inventories - Ending inventories) × Fixed overhead per unit]

= $772,200 - [(7,800 - 5,200) × $3]

= $772,200 - $7,800

= $764,400

7 0
3 years ago
Section 2-201 of the UCC provides that contracts for the sale of goods for $500 or more are unenforceable unless: a. A written s
Shkiper50 [21]

Answer:

d. All of these are correct.

Explanation:

The UCC are a set of guidelines that deals with contracts involving sale of goods. It settles disputes that occur during such transactions.

Section 2-201 of the UCC deals with statute of fraud.

Contract for a sale of goods is not enforceable unlesss there is some written contract of sale by the party against who enforcement is sought or his official agent.

This document also a written signature of the party against whom enforcement is sought, and a written indication of the quantity sold.

6 0
3 years ago
Read 2 more answers
When the alternatives under consideration have only disbursements (service alternatives), the do-nothing alternative must be inc
Rom4ik [11]
Answer: False

Explanation:
When more than one alternative can be selected from those available, the alternatives are said to be mutually exclusive. In evaluating independent alternatives, each alternative is compared against the "Do Nothing" alternative.
For mutually exclusive alternatives, the do-nothing is a viable option when revenue alternatives are involved.
7 0
3 years ago
the company maintains a 40% dividend payout ratio. The net income is $12,493. The total on the balance sheet is $106,900. What i
PilotLPTM [1.2K]

Internal growth rate is calculated by dividing retained earnings by total assets.

Retained earnings is calculated by subtracting dividends from net income

So: Retained earnings would be 12,493 - (12,493 X .4)

Then to find internal growth rate take your retained earning from above and divide by total assets (the total on the balance sheet : 106,900).

4 0
3 years ago
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