Answer:
d. there will be both a debit and a credit to accounts receivable.
Explanation:
Bad debt is defined as the portion of accounts receivable that is considered to be lost and is written off as a loss to the business within a given period.
When a bad debt is written off it impacts directly on the profit of the business.
If an account has been collected after previously being written off, there will be a credit to accounts receivable to show an increase in a recievable by the business.
Also there is a debit to accounts receivable to show that the recovered funds has been moved to profit or revenue account of the business.
"Sincerely" is definitely the most appropriate closing doe a business letter. The other choices are too chummy.
Answer
A. 48.000
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
The government of Junta took Fuel Safe Corp., a domestic energy firm, into state ownership to save the company from bankruptcy. However, the other private competitors in the energy industry were enraged by this decision. As a result, the government had to reduce the tax burden on all private energy firms so that both the state-owned enterprise and private firms could coexist.It portrays Mixed economy
<h2>Option (E) is correct</h2>
<u>Explanation:</u>
It is an example of Mixed economy.Mixed economy is one in which both public and private enterprises exist. It combines the features of free economy,planned economy as well as private and public enterprise.
In mixed economy there is control of government and with that it has private concerns also. Government exercises control through various policies like fiscal policies and monetary policies. In this example state ownership as well as private competitors co exist.
