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2 years ago

All economic questions and problems arise from ____.

Business

2 answers:

Dovator [93]2 years ago

6 0

Answer:

it c

Explanation:got it right on qiuz

Fiesta28 [93]2 years ago

3 0

All economic questions and problems arise from <span>C. scarcity. scarcity is defined as the lack of resources and is the opposite of abundance. If scarcity such as famine is experienced by a country or nation, there arise questions why such state happened</span>

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Near the end of 2010, the ledger of Stivers Company included the following accounts and balances: Allowance for Doubtful Account

Minchanka [31]

Answer and Explanation:

The computation of the balances of the Allowance for Doubtful Accounts, Bad Debt Expense and Accounts Receivable is shown below;

For Accounts receivable

a) Opening balance $200,000 Debit balance

b) Current year credit sales (75% of $800,000) $600,000 Debit balance

c) (-) Current collection from accounts receivables -$450,000 Credit balance

d) (-) Bad debt expenses -$11,000 Credit balance

e) Closing balance of accounts receivables $339,000 Debit balance

for Allowance for Doubtful Accounts

Allowance required as per Current year analysis (2% of (75% of $800,000) $12,000 Credit balance

(-) Opening balance $1,000 Credit balance

$11,000 Credit balance

The journal entry is

Bad debt expense a/c …Dr 11000

To Allowance for Doubtful Accounts 11000

The Closing balance of Allowance for Doubtful Accounts 12000 Credit balance

For Bad debt expenses

The journal entry is

Bad debt expense a/c …Dr 11000

To Allowance for Doubtful Accounts 11000

The Closing balance of Bad debt expense account 0

7 0

2 years ago

What does it mean to be intelligent?

lesya692 [45]

Answer:

Intelligence has been defined in many ways: the capacity for logic, understanding, self-awareness, learning, emotional knowledge, reasoning, planning, creativity, critical thinking, and problem-solving.

5 0

2 years ago

Read 2 more answers

Myriad Solutions, Inc. issued 12% bonds, dated January 1, with a face amount of $420 million on January 1, 2021, for $375,505,45

faust18 [17]

Calculation

Period Cash Interest Bond Interest Discount Carrying

End paid Expense Amortization Value

01-Jan-21 $375,505,452

30-Jun-21 $25,200,000 $26,285,38 $1,085,382 $376,590,834

1-Dec-21 $25,200,000 $26,361,358 $1,161,358 $377,752,192

Total $50,400,000 $52,646,740

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3 years ago

Read 2 more answers

Positive technological change in the production of LCD televisions caused the price of LCD televisions to fall. Holding everythi

Stels [109]

Answer:

A. The demand for Blu-ray players would increase and the equilibrium price of Blu-ray players would increase.

Explanation:

Complement goods are goods that are demanded together. An increase in demand for one good would lead to an increase in demand for the other good.

If the price of LCDs falls, the quantity demanded would increase. This would lead to an increase in demand for the players too. The increase in demand for the players leads to a rise in price of the players.

I hope my answer helps you.

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3 years ago

In Vintland, sanitation engineers are being replaced with garbage robots, which have fewer negative effects and many more signif

pychu [463]

Answer: GDP decreases and standard of living increases

Explanation:

Based on the information given, the short-run effects of this industrial change on Vintland's GDP and its standard of living is that there'll be a reduction in the gross domestic product and an increase in the standard of living.

The reduction in GDP will be as a result of the reduction in the price of collecting garbage. On the other hand, the replacement of the sanitation engineers with the garbage robots will have fewer negative effects and many more significant benefits, thereby increasing standard of living.

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2 years ago