Answer and Explanation:
The journal entries are shown below:
1. Allowance for doubtful Accounts Dr $3,500
To Accounts receivable $3,500
(Being the allowance for doubtful account is recorded)
2. Accounts receivable Dr $3,500
To Allowance for doubtful Accounts $3,500
(Being the written off amount is recorded)
3. Cash Dr $3,500
To Account receivable $3,500
(Being the cash collection is recorded)
Only these 3 entries are required
Answer:
Relationship-oriented leadership
Explanation:
Relationship-oriented leadership is the style of leaders whose main as well as primary focus is on developing, supporting as well as motivating people or members of their teams as well as the relationship within.
This leadership style encourage the good teamwork as well as collaboration by fostering the good communication and the relationship which is positive.
So, in this scenario, the team leader following the relationship oriented style of leadership as she believes in Gavin that he will be a valuable resource, which in turn means she is supporting the team.
Answer:
The requirement of the question is as below:
How much must Alan deposit on January 1? (Round your final answer to the nearest whole dollar amount.)
What is the interest for the four years? (Round your final answer to the nearest whole dollar amount.)
Alan deposit on January 1 is $ 58,802.39
Interest for four years is $21,197.61
Explanation:
The first is asking for today's worth of the investment,which is the amount to be invested,this can be computed using the present value as shown below:
PV=FV*(1+r)^-n
PV is the present value
FV is the worth of the investment in 4 years from now which is $80,000
r is the rate of return of 8%
n is the number of years of investment which is 4 years
PV=$80,000*(1+8%)^-4
PV=$80,0008(1+0.08)^-4
PV=$80,000*(1.08)^-4
PV =$ 58,802.39
interest for four years=FV-PV
interest for four years=$80,000-$ 58,802.39
=$21,197.61
Answer:
The answer is A
Explanation:
Taxes on goods with INELASTIC demand curves will tend to raise more tax revenue for the government than taxes on goods with ELASTIC.
Goods with inelastic demand are insensitive to price. An increase price of the goods for example from an increase in tax on the goods will have no significant effect in the quantity demanded. Consumers will still buy it with an higher. So taxing this goods is a good source of revenue for the government.
Whereas goods with elastic demand are very sensitive to rice. Any slight increase in price will result in a significant decrease in quantity demanded. So government increasing tax on this good will be bad for its tax revenue because consumers won't be it
Answer:
Pure risk
Explanation:
To the best of knowledge, will it is a situation one finds him/herself in and doesn't know how to solve the issue but has only one possible outcome if it truly happens; which could be danger.
