Explanation:
The journal entries are as follows
On December 31
Bad debt expense Dr $4,115 ($823,000 × 0.50%)
To Allowance for doubtful debts $4,115
(Being the bad debt expense is recorded)
On Feb 01
Allowance for doubtful debts Dr $412
To Account receivable $412
(Being the uncollectible amount is recorded)
On June 5
Account receivable $412
To Allowance for doubtful debts Dr $412
(Being the uncollectible amount is recorded)
On June 5
Cash Dr $412
To Account receivable $412
(Being the cash received is recorded)
False, there are more than one accepted letter format.
Let's get further into learning this:
There are two basic groups, The Block Format and The Various Indented formats.
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It would not fall at all. Monopolists own the entire industry meaning the consumers have no alternatives. If they have no alternative they have no choice but to buy even if the price increases
Answer:
-$1,562.50
Explanation:
Calculation to determine The highest net profit possible for the speculator based
Premium of the option = $.05 per unit * (31,250 units)
Premium of the option= -$1,562.50
Therefore Based on the information given and the above calculation The HIGHEST NET PROFIT that will be possible for the speculator will be -$1,562.50
The best and most correct answer among the choices provided by your question is all of the above.
All of the institutions in the given employ scientists.
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