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Leto [7]
3 years ago
6

I need them both awnsered loL

Business
1 answer:
densk [106]3 years ago
3 0
1. is true, and the 2. is false
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At the end of 2021, Worthy Co.’s balance for Accounts Receivable is $11,000, while the company’s total assets equal $1,410,000.
erastovalidia [21]

Answer:Worthy journal $

Date

March 14, 2022

Bad debt Dr 2600

Receivable Cr 2600

Narration. Record of receivables written off to income account on account becoming unrecoverable.

Explanation:

The direct method of written off bad debts do not make provision for estimate of receivables that are likely to go bad in which the estimate is recognised as debit to income statement and the corresponding credit entry is used to reduce the receivables, with adjustment been made at the year end for variances.

In the direct method the actual bad debts is debited in the income s statement and credited to the receivables accounts.

6 0
2 years ago
At the beginning of this year, daily consumption of gasoline in the US amounted to 344 million gallons. It is estimated that for
Shkiper50 [21]

Answer:

335.43 million gallons

Explanation:

price elasticity of demand (PED) = % change in quantity demanded / % change in price

PED = -1.9% / 10% = -0.19, very inelastic

expected price increase $0.40

% change in price = ($3.45 - $3.05) / $3.05 = 13.11%

% change in quantity demanded:

-0.19 = D / 13.11%

D = 2.49%

quantity demanded will decrease by 2.49%, from 344 million gallons to 335.43 million gallons

8 0
2 years ago
Aemeli works in the manufacturing career cluster. where does she probably work? check all that apply. plant workshop factory ret
nordsb [41]

Amelia works in the manufacturing career cluster. She probably works in a plant workshop or factory

What is manufacturing career cluster?

To turn raw resources into finished goods, the Manufacturing cluster combines a passion for engineering, design, and technology with planning and organizational abilities.

What is considered a manufacturing worker?

Jobs in manufacturing are ones that start with components or raw materials and end with creating new products. You can find these occupations in a factory, plant, or mill. As long as goods rather than services are produced, they can also exist inside a house.

What are the positive impacts of manufacturing?

The timetable can be optimized by the program to lower errors and inefficiencies and produce products of higher quality. Cost savings over the long term are made possible by technology, which operates with greater efficiency, less waste, and fewer workers.

Learn more about career cluster: brainly.com/question/15225914

#SPJ4

8 0
1 year ago
True or false: The allowance method of accounting for bad debts records the loss from an uncollectible account receivable when i
PSYCHO15rus [73]

Answer:

false

Explanation:

The allowance procedure estimates bad debt expense before an uncollectible account receivable has been purposed to be uncollectible.

7 0
3 years ago
Alina received $60 in the mail from her grandparents to buy whatever she wanted. She decided she could spend all of it on 4 t-sh
faust18 [17]

Answer:

(c) 7.5 bars, 2/15 shirts

Explanation:

Opportunity cost is simply defined as the next best alternative.

Opportunity cost also refers to the loss of foregone gain which could have resulted had a non chosen option been selected over the chosen option. For instance, the opportunity cost of storing money at home is the average market rate of interest which would've been earned had the same money been invested.

In the given question, the opportunity cost of a t shirt would be :

= \frac{30\ Protein\ Bars}{4\ T\ Shirts}

= 7.5 protein bars

Similarly, the opportunity cost for a protein bar would be:

= \frac{4\ T\ Shirts}{30\ Protein\ Bars}

= \frac{2}{15} \ T\ Shirts

Thus, the correct option is (c) 7.5 bars, 2/15 shirts

4 0
3 years ago
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