First to answer gets Brainliest

Nash's Trading Post, LLC uses the percentage of receivables basis to record bad debt expense and concludes that 3% of accounts r

skelet666 [1.2K]

Answer:

(a) Prepare the adjusting journal entry to record bad debt expense for the year with Allowance for Doubtful Account of $ 3,041

Dr Bad Debt Expenses $10,150

Cr Allowance for doubtful debt $10,150

(b) Prepare the adjusting journal entry to record bad debt expense for the year with Allowance for Doubtful Account of $ 918

Dr Bad Debt Expenses $14,109

Cr Allowance for doubtful debt $14,109

Explanation:

The Allowance for Doubtful Account will have the Balance of : 439,700 x 3% = $13,191

(a): Bad Debt Expenses needs to be recorded: 13,191 - 3,041 = $10,150

(b): Bad Debt Expenses needs to be recorded: 13,191 + 918 = $14,109

3 0

3 years ago

One problem with conflicts of interest is that they can reduce the ________ in financial markets, thereby increasing ________. Q

luda_lava [24]

Answer:

The answer is Quality of information and Asymmetric information

Explanation:

Information quality is a multi-attribute concept, it is said to define the quality of information are of good quality or of high value then the information is said to have good quality.

Asymmetric information also regarded as "information failure" occurs in a business environment in which some agent in a trade possesses information while other agents involved in the same trade do not.

3 0

3 years ago

If a firm produced a standard item with relatively stable demand, the smoothing constant alpha (reaction rate to differences) us

ICE Princess25 [194]

Answer:

c. 5 to 10 percent

Explanation:

The smoothing constant alpha is a variable that forms a part of time series analysis. The basis of this time series analysis is known as the exponential smoothing.

Note that the exponential smoothing has its input in the form of smoothing factor used for calculations. It puts in place a weightage menthod to calculate demand.

the firm is engaged in the production of standard item with a stable demand, This can be estimated at 5 to 10 percent as the stable demand would result in the firm having standarised processes and forecasts in place as per the expected production capacity the differences will be minimal.

8 0

4 years ago

Price discrimination will result in consumers with more elastic demand purchasing more of the good than when a single price is c

Akimi4 [234]

A company can have a product that they want a single customer to be able to use and profit from, they may sell that product to that customer at a lower price, allowing them to purchase more, and blocking out competitors with higher pricing.

6 0

3 years ago

A company operating under an EOQ policy enjoys rising annual demand for their products for three consecutive years. During this

Oduvanchick [21]

Answer:

Their order quantity will rise but the time between orders will fall.

Explanation:

Let's analyse the EOQ formula:

$Q_{opt} = \sqrt{\frac{2DS}{H}}$

If Demand increases

The dividend increase, so the quotient increase.

EOQ will rise.

Only options b and c are correct on that statment.

Now let's check the time between order:

$\frac{EOQ}{Demand} \times 365$

If we analyze the increase in demand:

√(2xΔDxS/H)/ ΔD

everything else is keep constant so we have:

√(CxΔD)/ ΔDx

If we use L'Hopital we can conclude this function limit is zero.

Anyway a more easy way to do it will be calculate with a demand of 1000

and then with a demand of 50,000 to notice how much the time between order decrease.

√(1000) / 1000 = 0.031622776

√(51000)/ 51000 = 0.004428074

so we have EOQ increase and days between order decrease.

Now only option B is correct !

8 0

3 years ago