Answer:
46.666666666
Explanation:
I have braces too!! TWINS
Answer:
a. total estimated uncollectible accounts is $21,190
b. to entry the adjustment, we have to debit bad debt expense and credit allowance for doubtful accounts in the amount of $14,690
Explanation:
a. to compute the estimated uncollectible accounts, we have to multiply the specific % to the accounts receivable plus the beginning balance;
•Accounts not due
$36,000 x 4% = $1,440
•Accounts 1 - 60 days past due
$21,000 x 25% = $5,250
•Accounts more than 60 days past due
$16,000 x 50% = $8,000
So the total uncollectible accounts would be; $6,500 + $1,440 + $5,250 + $8,000 = $21,190
b. to record the year-end adjustment of the uncollectible accounts, we have to debit bad debt expense and credit allowance for doubtful accounts in the amount of $14,690. This figure is the uncollectible amount we computed earlier based on the aging.
Answer: increase, while the revenue that is generated from the tax would reduce.
Explanation:
Deadweight loss occurs when there's a decline in total surplus which is due to the fact that there's a distortion in the market. Social Security tax is a tax that's imposed by the government on the employers and the workers in the country which is used to cater for the old, disabled, veterans etc.
Based on the scenario in the question, we would expect the deadweight loss from the Social Security tax to increase, while the revenue that is generated from the tax would reduce.
Answer: ABC costing systems have separate indirect cost allocation rates for each activity
Explanation: this costing method is based on the costs that each activity consume in a company. It can be used in either manufacturing or services company. The way of distribution the indirect costs is quite accurate.
The answer is "place". Bank clients attempt to decrease vulnerability of utilizing an administration by drawing surmisings from the place, for example, the outline of the building's outside and inside, the format of the work areas, and the length of holding up lines
