B. 0.5% - 2% based on average tax return rates in the US
Answer:
Option (B) is correct.
Explanation:
Amount of which adjusting entry required:
= Amount of uncollectible accounts - Balance in Allowance for uncollectible accounts
= (Balance in accounts receivable × Estimated percentage of accounts receivable to be uncollectible) - Balance in Allowance for uncollectible accounts
= ($200,000 × 4%) - $2,000
= $8,000 - $2,000
= $6,000
Therefore, the adjusting entry is as follows:
Bad debt expense A/c Dr. $6,000
To Allowance for uncollectible accounts $6,000
(To record the bad debt expense)
Answer:
taxes and no money management
Explanation:
some comes out of taxes and you do not know what to do with so much money
Answer:
marginal revenue product = $2,500 for the 10 additional workers
Explanation:
The marginal revenue product is the amount of revenue generated by adding a certain number of workers into the production process. The marginal revenue product (MRP) is calculated by multiplying marginal product times the selling price
- the marginal product of the 10 additional workers = 50 shirts per day
- price per shirt= $50
MRP = 50 shirts x $50 per shirt = $2,500
to determine the MRP per worker = $2,500 / 10 workers = $250
