Answer:
D. $38,000
Explanation:
The formula to compute the accounting profit is shown below:
Accounting profit = Annual revenue - Explicit cost
= $52,000 - $14,000
= $38,000
It shows a relationship between the annual revenue and the explicit cost. The difference between these two is known as accounting profit.
The economic development of a country is dependent on all of the following except promoting protectionist barriers. Hence, option D is correct.
What is Economic Development?
- Economic and social development is the process through which the economic well-being and quality of life of a country, region, local community, or an individual are enhanced in accordance with specific aims and objectives, according to the economics study of the public sector.
- Although the phrase has been widely used in the 20th and 21st centuries, the idea has been around in the West for much longer.
- The terms "Westernization," "industrialization," and "modernization" are also frequently used when referring to economic progress. Prior to the 1960s, economic development programs tended to place more of an emphasis on infrastructure and industrialization than on reducing poverty.
Know more about Economic Development brainly.com/question/22690298
#SPJ4
Answer:
The following are 3 against reasons for the reconstruction of Greensburg as the "green city":
Explanation:
Following are the reasons and the counter reasons:
Reasons:
- Its tornado was something which will never be large as ever before, in which the city has been harmed and 95% of his residences have been destroyed. It also offers you to recreate the green city.
- The creation of a green city would also enable many cities to the devastated area to integrate with green technology.
- The Greenburg would become an icon with style as well as a prototype for the building of a clean energy city.
Counter Reason:
- The green tech isn't cheap and it would put pressure on the public resources.
- When a tornado of the same size hit Greenburg, then nobody would cause a serious source of financial and private assets.
- The city should give priority to tornado refugee camps that are capable of protecting public goods instead of building a green culture.
Answer:
journal entries
Write-off
Debit Bad Debts expense $11,000 Credit Accounts receivable $11,000
Recovery
Debit Bank $1,800 Credit Bad Debt Recovered income $1,800
Allowance for Doubtful debt Adjustment
Debit Allowance for doubtful debt Adjustment $4,000 Credit Allowance for doubtful debt $4,000
Explanation:
Write-off
The write-off creates an expense (bad debt) and and decreases an asset ( Accounts receivable)
Recovery
Since the amount has been written off as bad, when it is recovered it is no longer recognized as a payment on accounts receivable but an income the entity thought was lost.
Allowance for doubtful debt adjustment
The differences in the opening balance and closing balance either creates an expense or an income adjustment. These estimates are on net Accounts receivables ( after bad debts) are a negative assets.
19000 - 15000 = 4000(increase) adjustment and is an expense.
