Answer: Bad Debt Expense 28,000 Allowance for Doubtful Accounts 28,000
Explanation:
Account receivable = 300,000
Percentage uncollectible = 10%
Current balance = 2000
Adjustment to allowance for uncollectible accounts is given by :
(Account receivable ×percentage uncollectible) - current balance
(300,000 × 10%) - 2000
(300,000 × 0.1) × 2000
30,000 - 2000 = 28,000
Therefore, adjustment should be :
bad debt expense debit 28,000
allowance for doubful account credit 28,000
Answer:
147
Explanation:
People who got bonus = 96
Two more people who make 98 i.e., ( 96+2)
98 people form 2/3 of the work force;
Workpfoce = 3/3: if 2/3 =98. 3/3 = 98/2 * 3
= 49*3
workforce = 147
Answer:
Unemployment rate will reduce
Explanation:
With increase in migration population density reduces, wage freely adjusts unemployment rate decreases.
In a market economy, households hold all the basic resources or factors of production. This is because, a market economy is the type of economy in which economic decisions and the prices of goods are determined by the aggregate interactions of the nation's individual citizens and businesses.
