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nlexa [21]
3 years ago
12

On the worksheet, Accounts Receivable has a debit balance of $15,000 on the Unadjusted Trial Balance. In the Adjustments there i

s a debit of $3,000. What is the amount for Accounts Receivable in the Adjusted Trial Balance?
Business
1 answer:
Art [367]3 years ago
6 0

Answer:

The adjustment balance will be of 18,000

Explanation:

We should build Accounts Receivables T-account to get the adjusted balance:

Accounts Receivables

<u>DEBIT              CREDIT</u>

 15,000  UNADJUSTMENT

<u>   3,000  ADJUSTMENT</u>

18,000 ADJUSTED BALANCE**

**As the adjustment is in the same side as the unadjusted balance, we add it. So we end up with 15,000 + 3,000 = 18,000

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48240

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3 years ago
the biggest challenge facing the growth of new franchises is: A) market saturation B)competition from independent entrepreneurs
Furkat [3]

Answer:

(A) market saturation

Explanation:

A franchisee starts a new franchise by entering into a franchising agreement with a franchiser to use its brand name and sell its products. The biggest challenge faced by this new franchise is market saturation.

This occurs because<u> the presence of other similar businesses, whether franchises or independently owned businesses in the market, creates lots of competition for the new franchise.</u>

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3 years ago
Assume that you are the owner of Campus Connection, which specializes in items that interest students. At the end of January of
Nookie1986 [14]

Answer:

The amount of net income for January was $24,100

Explanation:

Revenues from sales $115,100 (for this analysis is not important if the sales were in cash or on credit)

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Cost of goods sold $48,000

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Gross profit $67,100

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Net income $24,100

3 0
4 years ago
The wars in Iraq and Afghanistan have __ some sectors of the U.S. economy such as those that manufacture arms, but has __ growth
viktelen [127]

It should be noted that wars in Iraq and Afghanistan have benefited some sectors of the U.S. economy such as those that manufacture arms, but has decreased growth in others such as tourism.

Wars in Iraq and Afghanistan serves as one of the descruction war in Iraq, where many lost their lives, however, US benefited from this because US manufactures ammunition.

Therefore, wars in Iraq and Afghanistan have benefited some sectors of the U.S. economy.

Learn more about war in Iraq at;

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5 0
3 years ago
Assuming no economies of scale and identical costs, if the firms in a purely competitive industry were replaced by a profit-maxi
wolverine [178]

Assuming no economies of scale and identical costs, if the firms in a purely competitive industry were replaced by a profit-maximizing monopolist, the likely result would be <u>an Increase in price and reduced output</u>.

A key characteristic of a monopolist company is that it is a profit maximizer. A monopolistic market has no opposition, meaning the monopolist controls the rate and quantity demanded. the level of output that maximizes a monopoly's earnings is while the marginal cost equals the marginal sales.

The profit-maximizing monopolist for the monopoly will be to produce at the amount wherein marginal sales is equal to marginal fee: that is, MR = MC. If the monopoly produces a decreased amount, then MR > MC at those ranges of output, and the firm could make better income by way of expanding output.

The profit-maximizing output stage is represented as the only at which total sales is the height of C and total price is the peak of B; the maximal earnings is measured as the period of the section CB. This output level is also the only at which the whole earnings curve is at its maximum.

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2 years ago
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