Decaf coffee is bad for you but not as bad as regular coffee.
Answer:
Option B) Bad Debt Expense 500Accounts Receivable – Bob Smith 500
Explanation:
These entry doesn't exist because first you recognize the bad debt against the Allowance for Doubtful Accounts, and then when the company wrote off the account, it's the moment the entry it's Allowance for Doubtful Accounts against the Account Receivable.
$29760, overhead would be allocated to a job if it required total labor costing $24,000. Thus, option (a) is correct.
What is labor?
The term “labor” refers to the work involved in the provision of the services. Labor is the exchange of the services of money. Labor is an important part of the economy. Labor is to produce goods and services for the industry.
Determining the overhead:-
A company overhead application rate of 124%.
The total labor costing $24,000.
How much overhead = ?
Total overhead applied would be equal to
=(124% × $24000)
which is equal to
=$29760.
As a result, the overhead of labor are, $29760. Therefore, option (a) is correct.
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Answer:
nominal interest rate= 0.2= 22%
Explanation:
Giving the following information:
Inflation rate= 10%
Real interest rate= 12%
<u>The real interest rate is the result of deducting from the nominal interest rate the inflation rate. Inflation has the opposite effect than interest.</u>
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Real interest rate= nominal interest rate - inflation rate
nominal interest rate= real interest rate + inflation rate
nominal interest rate= 0.12 + 0.10
nominal interest rate= 0.2= 22%
Answer:
A. Stockholders' equity decreases.
Explanation:
The accounting equation is defined as:
Assets = Liabilities + Stockholder's Equity
Stockholder's Equity = Common stock + Retained earnings
All the revenues and expenses are clubbed in retained earnings and ultimately in stockholder's equity.
Thus, any kind of expenses paid will reduce the revenues and then the retained earnings and further the stockholder's equity in accounting equation.
Therefore, correct option is:
A. Stockholder's Equity.
