Answer:
D) is correct.
Explanation:
If you break a project up, you will be able to complete sections as well as have motivation for the next section.
:)
Answer and Explanation
Given:
Accounts receivable balance = $598,000
Percentage of receivables that are uncollectible = 5% or 0.05
Uncollectible receivables = 0.05 × 598,000 = $29,900
Adjusting journal entry to record bad debt expense is:
Particulars Debit Credit
Bad debts expense XXXXX
Allowance for doubtful debts XXXXX
(Being bad debts incurred)
Noe, Allowance for doubtful debts has a credit balance of $4,800.
Bad debt incurred = 29,900 - 4,800 = $25,100
So adjusting entry :
Particulars Debit Credit
Bad debts expense $25,100
Allowance for doubtful debts $25,100
(Being bad debts incurred)
Complete/Correct Question:
An officer of a company has been invited by a large mutual fund company to give a talk to the fund company's analysts about its business plans and prospects. At the talk, the officer inadvertently discloses material information that could affect the stock's price. Which statements are TRUE?
I A public announcement of the news must be made within 24 hours
II A public announcement of the news must be made within 10 business days
III The company must file an 8K with the SEC disclosing the information to avoid insider trading liability
IV The company must file a 10K with the SEC disclosing the information to avoid insider trading liability
Answer:
i and iii
Explanation:
Under the Securities Exchange Act of 1934, insurance coverage for a customer accounts at any broker-dealer must be provided by the Securities Investor Protection Corporation, SIPC. Also,broker-dealers that handle non-exempt securities must be registered
By the above statements, if a a bank has customers that have both exempt and non-exempt securities, such bank is mandated to register as a broker-dealer according to the Securities Exchange Act of 1934 and as a matter of fact register under SIPC.
Cheers.
Answer:
The opportunity cost of the student-athlete returning to college next year is $1,000,000
Explanation:
Opportunity costs is the benefit that the student-athlete misses out when choosing one alternative over another.
In this case, the opportunity costs is playing for a minor league baseball team ($1,000,000) because is the higher offer between the alternatives.
<h3>The short-run aggregate supply curve shows the relationship between the price level and aggregate expenditure
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Explanation:
A short-run aggregate supply curve (SRAS) is a graphical model that shows the positive relationship between aggregate price level and aggregate production amount supplied in an economy. The short-run aggregate supply curve is sloping upward as the supplied quantity increases as the prices increase.
The short-run aggregate supply curve captures the relationship between the actual output and the price level. True production becomes bigger as the price level increases. As the price level decreases, actual production decreases too.