Answer:
The amount of Bad Debt Expense reported in 2019 was $16,100.
Explanation:
Our concern is mainly on the allowance for doubtful accounts. Based on the facts given in the question, the opening balance of the allowance account was $79,900 credit balance, while the closing balance was $96,000 credit. Since there were no write-offs or recoveries during 2019, the bad debt expense is simply the difference between the closing balance and the opening balance i.e, $96,000 - $79,900 = $16,100.
The journal entries will be:
Debit Bad debt expense $16,100
Credit Allowance for doubtful account $16,100
<em>(To record the bad debt expense for 2019) </em>
Answer: d. Entire initial investment will not be recovered.
Explanation:
The Payback period by definition is the amount of time it will take a Project to recover the initial investment into it. For example, if a project had an investment of $20 million and made $5 million every year, the Payback period would be 4 years.
Now, if the amount of time it will take to recover an investment is longer than the expected amount of time the project will run (expected useful life) then logically speaking that would mean that the Investment would not be entirely recovered because the project will be done before it can pay off the investment hence Option D is correct.
Answer:
$422.5
Explanation:
Assessable value after first homestead exemption $25000= $200000
Tax on second $25000=$267.5($112.5 school board tax+$95 county tax +$60 citty tax)
Tax on third $25000=$112.5(onl on school district tax)
Tax on balance = $10.7*150=$1605
Total tax =$1985
Money saved= $267.5+$155=$422.5
Answer:
2. social science concerned with how individuals, institutions, and society make optimal choices under conditions of scarcity.
Explanation:
Economics is defined as a study of how a society uses its limited resources. It deals with consumption, distribution, and production of goods and services.
Economics tries to find ways that unlimited wants can be satisfied with limited resources. Theories postulated are focused on how to optimally use scarce resources for production of goods and services, how am individual or organisation can maximise it's utility of a product.
Answer: Coefficient of variation
Explanation:
The coefficient of variation is the term which is generally used in the probability theory and also in the statistics.
This is basically used for measure the total dispersion of the frequency distribution in the probability concept.
The coefficient of variation is also called as the relative standard deviation and it is generally use to express in the form of percentage. It is basically providing the risk measure o the expected return and it also shows risk as per unit return.
Therefore, Coefficient of variation is the correct answer.
