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aalyn [17]
3 years ago
5

The allowance method of estimating uncollectible accounts receivable based on an analysis of receivables shows that $839 of acco

unts receivable are uncollectible. Allowance for Doubtful Accounts has a debit balance of $198. The adjusting entry at the end of the year will include a credit to Allowance for Doubtful Accounts in the amount of ______.
Business
1 answer:
In-s [12.5K]3 years ago
6 0

Answer:

$1,037

Explanation:

Allowance for doubtful accounts is a contra asset account that must have a credit balance since it reduces the value of accounts receivable. In this case, since the account had a debit balance of $198, and the ending balance of the account should be $839, then we must credit = $839 + $198 = $1,037

The adjusting entry should be:

December 31, adjusting entry allowance for doubtful accounts

Dr Bad debt expense 1,037

    Cr Allowance for doubtful accounts 1,037

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The premise of sociobiology with regard to humans is that:
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The belief that human behavior, as well as nonhuman animal behavior, can be partly explained as the outcome of natural selection
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3 years ago
Brenda was planning a small dinner party and had gone to a new specialty food store with coupons she'd found in the food section
Softa [21]

Answer:

<em><u>In store promotion</u></em>

Explanation:

Brenda was planning a small dinner party and had gone to a new specialty food store with coupons he'd found in the food section of the paper. At the store she also found a buy one , get one free deal and a gift offered with the purchase of a particular dessert . She altered the menu as a  result of the <em><u>promotion in store</u></em> and ended up spending less than she'd planned.

Promotion in sale is good tactic used bu the sores to increase their sales . Store's promotion attract people and they intend or desire to buy the product.It always helps the customer to remove their dissatisfaction as they can even physical touch the product and can know about the quality of the product . It builds a strong connection between the seller and the buyer.  It helps i creating the brand loyalty . It helps in creating a good product image of the product in the mind of the the buyers.

5 0
3 years ago
When private ownership rights are well-defined and enforced, owners of physical assets and resources
sukhopar [10]

Answer:

b. incur the opportunity cost of ignoring the wishes of others.

Explanation:

Opportunity cost in economics is seen as the forgone cost of doing something.

So in this instance where private ownership rights are well defined, everyone knows what is his own and what belongs to others.

The opportunity cost of this will be to ignore the wishes of others. They must now consider the wishes of others.

8 0
3 years ago
Suppose that Dunkin Donuts reduces the price of its regular coffee from $2 to $1 per cup, and as a result, the quantity sold per
harkovskaia [24]

Answer:price elasticity of demand for Dunkin Donuts’ regular coffee is 1.8

Explanation: Using the midpoint formnulae

Price elasticity of Demand =percentage change in quantity demanded/ Percentage change in price.

Percentage change in quantity = new quantity  - old quantity  / (new quantity + old quantity)/2  x 100

= 40-10/(40+10)/ 2 = 30 /25 = 1.2 x 100 =120%

Percentage change in price  = new price   - old price   / new price + old price)/2   x 100

= 1- 2 / (1+2)/2= -1/1.5x 100 = -66.67 %

Price elasticity of Demand =percentage change in quantity demanded/ Percentage change in price.

= 120%/-66.67%= -1.79 = -1.8

For Price elasticity of demand, the sign is not included and the basis for elasticity is on the value itself . here we can conclude that the Price elasticity of demand for Dunkin donut is 1.8 and elastic because a fall in price led to an increase in amount being sold.

3 0
3 years ago
Roger is new-product project manager for a medical equipment company. Recently the team has exhibited a high degree of conflict
Flauer [41]

Answer: Storming stage

               

Explanation: In simple words, it refers to the stage in which conflict between members of a group starts happening due to arise of individual personalities. This is last and most crucial stage of team development process.

In this stage the performance of team starts declining due to lack of harmony and trust among the members of the team.  In the given case, Roger's team has been facing conflict over the controlling issues ,hence, we can conclude that they are at storming stage of development.

5 0
3 years ago
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