Answer:
1. Analysis of accounts receivables Allowance Required $19,700
Less: Credit balance available in Allowance account <u>$2,100</u>
Additional allowance required <u>$17,600</u>
The journal entry will be as follows
DEBIT CREDIT
Bad debt expenses $17,600
Allowance for doubtful accounts $17,600
Hence, the correct option is D.
2. Other receivables include all except "Notes Receivables"
Hence, the correct option is D
Answer:
B. Free enterprise and voluntary exchange
Explanation:
If I had to take I guess I would choose free enterprise tbh
The answer is C.
If the Federal government prints too much currency an increase in inflation is most likely happen. If you print more money the price of the current goods and services doesn’t change. However, households will have more cash to spend. If there is more cash that is after the same amount goods and services, companies will just put up the prices.
These are good ways for the service provider to address the intangibility characteristic of services.
When something is intangible, it means it can not be touched. When a customer receives a dog that was well groomed, and happy with the service that can not be passed directly on to another client. The testimonials help a potential customer see what they could get out of the service for their animal, though it can't be "touched".
Answer:
12%.
Explanation:
=>There is an inverse relationship between bond's coupon rate and yield to maturity (is nothing but the reinvestment rate per period).
=>It results inverse relation exists between bond price and bond's reinvestment rate per period too.
=>If the yield to maturity is lower than coupon rate, bonds will be issued at premium (market price more than bond's par value) as the bonds will be demanded more among the investors; For example, if coupon rate is 8% whereas the yield to maturity is 7%, bonds will be issued at price higher Than bond's par value, that is at premium.
=>Bond's yield to maturity is nothing but the market interest rate or expected return on bond by investor, It the yield to maturity is higher than coupon rate, bonds will be issued at discount (market price less than bond's par value) to attract more customers; For example, if coupon rate is 8% whereas the yield to maturity is 9%, bonds will be issued at price less than bond's par value, that is at discount.
=>If yield to maturity Is equal to coupon rate, bonds will be Issued at par obviously as both coupon rate and Investor's expected return rate are equal which Implies that bond's coupon rate exactly satisfies Investors expected return on such bonds. Therefore, as bond's per value is $1,000 and issue price is $1,000, its annual YTM will be equal to its annual coupon rate of 12%.
