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arlik [135]
3 years ago
12

The Allowance for Bad Debts has a credit balance of $ 7 comma 500 before the adjusting entry for bad debts expense. After analyz

ing the accounts in the accounts receivable subsidiary ledger using the agingminusofminus receivables​ method, the​ company's management estimates that uncollectible accounts will be $ 14 comma 000. What will be the amount of Bad Debts Expense reported on the income​ statement?
Business
1 answer:
Olenka [21]3 years ago
5 0

Answer:

The amount of bad debt exp is 7000

Explanation:

Allowance for bad debt exp has a credit balance of 7500 before adjusting entry

Now the management wants to estimate the uncollectible accounts at 14500

So we have to increase the balance of the allowance account from 7500 to 14500

Like 14500-7500=7000

So we need to record the entry by 7000 to increase the amount of the allowance to 14500

The entry

Bad debt exp Dr. 7000

Allowance for doubtful accounts Cr 7000

Now the bad debt exp will be reported in the income statement by 7000

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At the trough of the business cycle, cyclical unemployment is _____ and the actual unemployment rate _____ the natural rate of u
lianna [129]

Answer:

d. positive; exceeds

Explanation:

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;

I. Cyclical unemployment rate (CU).

II. Frictional unemployment rate (FU).

III. Structural unemployment rate (SU).

IV. Actual unemployment rate (AU).

V. Natural Rate of Unemployment (NU).

Cyclical unemployment can be defined as a type of unemployment which is typically related to changes in the business, economy or industry cycle such as recession, governmental policies etc.

Mathematically, cyclical unemployment is given by the formula;

Cyclical \; unemployment \;  rate \; (CU) = Actual \; unemployment \; rate \; (AU) - Natural \; unemployment \; rate \; (NU)

>>> CU = AU – NU

The trough of a business cycle refers to the stage where decline (fall) in business activities ends and transit into expansion i.e the business moves from a decline (fall) to an expansion (rise).

Hence, at the trough of the business cycle, cyclical unemployment is positive and the actual unemployment rate exceeds the natural rate of unemployment because there's an increase in the level of output or productivity.

7 0
3 years ago
By using resources in an efficient and effective manner to reach organizational goals, managers may reach their ultimate respons
svlad2 [7]

Answer:

Performance

Explanation:

The ultimate responsibility of the manager is to accomplish the high performance that represent the attainment of the organization goals via using the resources in a best way i.e. efficient and effective manner

So the responsibility of the manager is to accomplish the high performance so that the company could attain its goals and objectives

3 0
2 years ago
Distinguish between the benefiets of traditional banking amd the benefiets of online banking
Alona [7]
Traditional banking- you can secure your deposit because you personally banked it..
while
online banking- for me you can't 100% sure your secured because you know there where so many fake agents out there but it's good benefits are you are just sitting and surfing the net and you dont won't be hustle anymore
6 0
3 years ago
Product or Service Costing influences: Group of answer choices production managers making manufacturing decisions. all of the ot
OLEGan [10]

Answer: marketing managers making pricing decisions.

Explanation:

Management's product and service choices and decisions can influence the cost behavior. The product design, location of plant, technology used in developing a product, product quality, features of product, distribution of product, profit margins, incentives, labor daily wages, and other factors all can influence the cost and pricing decisions of the product.

6 0
3 years ago
How many ink cartridges can you buy with 165 dollars if one cartridge costs 11 dollars
laiz [17]

Answer:

15

Explanation:

165 divided by 11 is 15. For any number over 10 that you divide by 11, you can ignore the middle number and take the digit in the hundreds place and the digit in the ones place.

7 0
3 years ago
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