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lesya692 [45]
2 years ago
12

The Allowance for Bad Debts account has a debit balance of $ 7 comma 000 before the adjusting entry for bad debts expense. After

analyzing the accounts in the accounts receivable subsidiary​ ledger, the​ company's management estimates that uncollectible accounts will be $ 10 comma 000. What will be the amount of the adjustment in the Allowance for Bad Debts​ account?
Business
1 answer:
IgorC [24]2 years ago
7 0

Answer:

$17,000

Explanation:

The amount of the Allowance for Bad Debts​ account after adjustment is shown below:

= Debit balance of Allowance for Bad Debts account + uncollectible accounts

= $7,000 + $10,000

= $17,000

The journal entry is also shown for better understanding

Bad debt expense A/c Dr  $17,000

  To Allowance for doubtful debts  $17,000

(Being bad debt expense is recorded)

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Natural rate of unemployment:
Mekhanik [1.2K]

Answer:

(a)  

Common pace of joblessness is a mix of auxiliary and frictional joblessness.  

Basic Unemployment: Occurs contribution to modern rearrangement or innovative change.  

Frictional Unemployment: When individuals are in the middle of occupations for example the way toward moving from one occupation to other.  

On the off chance that an enactment making it progressively hard for the organizations to terminate laborers is presented, at that point despite the fact that the activity discovering rate will stay consistent, the consistent state joblessness will stay steady. Less individuals will stay jobless at a specific time.  

(b)  

The activity discovering rate will change provided that prerequisite of a severance bundle will build the expense of work. This implies the business will most likely decrease the pace of contracting which will along these lines increment the pace of joblessness. Subsequently, the enactment would diminish the activity discovering rate.  

(c)  

The expense of contracting will increment if an enactment like this is passed. The enactment presents the idea of severance bundle for terminated laborers. This expands the expense of employing for the firm. Along these lines, the business will diminish the employing to decrease the expenses. This will diminish the business rate in a nation which will make a higher regular pace of joblessness.

6 0
3 years ago
According to business analyst Scott Anthony, identifying opportunities requires understanding of:_________
Maurinko [17]

Answer:

the 5Cs of opportunity identication:

1. Circumstance

2. Context

3. Constraints

4. Compensating behaviors

5. Criteria

Explanation:

According to Scot Anthony, to identify opportunities it's important to understand the 5Cs of opportunity identication.

1. Circumstance: Know the specific problems which your customers care about and how they get solutions to it.

2. Context: Know what the customer did in the past and work around it to present something realistic.

3. Constraints: Get to understand customers' barriers and constraint.

4. Compensating behaviors: Understand the compensations that engage your customers.

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8 0
3 years ago
Labor unions are organizations of employees formed to protect and advance their members' interests by bargaining with management
gavmur [86]

Answer:

I think that the correct answer is True

8 0
3 years ago
The manager who provides overall guidance and leadership for the entire corporation is known as the ____ manager.
WITCHER [35]
<span>The manager who provides overall guidance and leadership for the entire corporation is known as the operations manager.

An operations manager oversees all organization departments from final production of goods/services, production, purchasing, productivity of employees, manufacturing, supplies and employees. An operations manager is an in office (sometimes out) but, is usually around to help each group within an organization keep focus on what tasks need to be accomplished.</span>
5 0
3 years ago
Sheffield Corp. assigned $1601000 of accounts receivable to Pharoah Company as security for a loan of $1344000. Pharoah charged
Tpy6a [65]

Answer:

$1,317,120

Explanation:

Cash received by Sheffield Corporation at the time of assignment = Amount borrowed - Commission paid

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7 0
3 years ago
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