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3 years ago

The trial balance for Swifty Corporation appears as follows:

Business

1 answer:

Shkiper50 [21]3 years ago

8 0

Answer:

Explanation:

The adjusting entry for supplies is shown below:

Supplies expense A/c Dr $115

To supplies A/c $115

(Being adjusted entry recorded)

The trial balance show a supplies balance of $148 and the supplies on hand were $33, so the adjusted supply balance would be equal to

= Supplies balance - supplies on hand

= $148 - $33

= $115

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Firms making a loss will compare the losses if it shuts down to the losses if it operates in the short run. What quantity will t

Ahat [919]

The quantity that would be produced by a firm that shuts down in the short run is zero units.

<h3>When would a firm shut down in the short run?</h3>

The short run is a period when at least one or more factors of production are fixed and the others are variable. In the short run, if the average variable cost is greater than the price, the firm should cease production. This means that zero units of output would be produced.

To learn more about when a firm should shut down, please check: brainly.com/question/13034691

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2 years ago

Welfare economics is the study of Select one: a. taxes and subsidies. b. how technology is best put to use in the production of

icang [17]

Answer:

Correct option is (d)

Explanation:

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The concept was developed as inequality in distribution of wealth and resources was observed across different sections of the economy. Poor was becoming poorer and rich, becoming richer. This hampered overall growth of the economy, thereby giving birth to welfare economics.

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2 years ago

Clara and Nathan have planned to merge their companies. They have met to put forth their respective proposals and the rationale

nikitadnepr [17]

Answer:

The correct answer is the option C: Clarification and justification.

Explanation:

To begin with, in the stage of <em>clarification and justification</em> of the negotiation process the parties do not need to be argumentative but instead they need to be educative to each other by showing the other what are the reasonable statements that are established in order to proove their positions on each argument done before. That is why, in this stage the positions of each party are discussed at length in order to comprehend what every party is supporting for and that is why this stage is called of ''justification''.

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2 years ago

Which of the following best describes a push strategy? Group of answer choices Manufacturer builds strong consumer demand for a

maksim [4K]

Answer: Manufacturer develops mutual effort and cooperation in the development and implementation of promotional strategies by working directly with members to develop strong and viable promotional support.

Explanation:

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2 years ago

Ingrid Inc. has strict credit policies and only extends credit to customers with outstanding credit history. The company examine

Leviafan [203]

Answer:

Ingrid Inc.

a. Ingrid's balance in accounts receivable on December 31, 2018, prior to the adjustment is:

= $833,720.

b. Ingrid's balance in allowance for doubtful accounts on December 31, 2018, prior to the adjustment is:

= $6,800.

c. Adjusting Entry:

Debit Bad Debts Expense $3,180

Credit Allowance for Doubtful Accounts $3,180

To record the bad debts expense for the year and bring the balance of the Allowance for Doubtful Accounts to a credit balance of $6,800

Explanation:

a) Data and Calculations:

January 1, 2019 balances:

Accounts Receivable $478,000

Allowance for Doubtful Accounts $7,900 (credit)

Accounts Receivable $3,075,000 Sales Revenue $3,075,000

Cash $2,715,000 Accounts Receivable $2,715,000

Allowance for Doubtful Accounts $4,280 Accounts Receivable $4,280

Ending balance:

Allowance for Doubtful Accounts $6,800 (Credit)

T-Accounts

Account Titles Debit Credit

Beginning balance $478,000

Sales Revenue $3,075,000

Cash $2,715,000

Allowance for Doubtful Accounts $4,280

Ending balance $833,720

Allowance for Doubtful Accounts

Account Titles Debit Credit

Beginning balance $7,900

Accounts Receivable $4,280

Bad Debts Expense 3,180

Ending balance $6,800

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2 years ago