Answer:
The adjustment to record bad debts for the period will be:
Debit Bad debt expense ($20,000 - $3,000) $17,000
Credit Allowance for doubtful accounts $17,000
<em>(Bad debt expense required)</em>
Explanation:
Bicylce Company adopts the aging of accounts receivable method. The aging of accounts receivable is a criterion for apportioning the balance in the accounts receivable into different buckets (aging), for example: Not due, 1 - 30 days, 30 - 60 days, over 60 days, based on historical information and assigning a credit loss percentage to each bucket.
Since the Allowance for Doubtful Accounts has a $3,000 credit, to calculate the required bad debt expense, we need to back out this amount from the amount that is deemed uncollectible, that is $20,000 - $3,000 = $17,000.
Answer:
Option B - There are significant diseconomies of scope is the correct answer.
Explanation:
Option A is, not a condition that could improve the probability that the justice department would approve the merger.
The Herfindahl-Hirschman index is based on a restricted definition of the product market or the impact of foreign competition, the merger might be allowed.
It might also be permitted if one of the firms is in financial trouble, or if significant economies of scale exist in the industry.
Significant diseconomies of scope would only serve to make the merger less likely to be accepted.
Therefore, option B is the correct answer.
The total amount of final goods and service produced in a country that people, businesses, governments, and foreigners plan to buy is Gross domestic product (GDP).
<h3>
What is Gross domestic product (GDP)?</h3>
- GDP is a metric for a country's economic output. GDP is a measure of the overall economic output of new products and services in a particular year.
- The circular flow diagram can be used to illustrate GDP as a flow of income moving in one direction and expenditures on resources, products, and services moving in the opposite way.
- According to this model, households purchase goods and services from businesses, and vice versa.
- The circular flow figure shows how the national income calculation methods of using income and expenditures are equivalent.
- Money (revenue from the sale of the commodities, services, and resources) travels counterclockwise in this picture while goods, services, and resources go clockwise.
Learn more about the Gross domestic product (GDP) with the help of the given link:
brainly.com/question/15682765
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Answer:
Results are below.
Explanation:
<u>The opportunity cost is the amount of money that you won't earn when choosing one option over another. </u>In this case, one option makes you expend money and the other earn money.
Opportunity cost= 12*4 + 25
Opportunity cost= $73
<u>Now, the total cost incorporated what you will expend in Six Flags:</u>
Total cost= 65 + 40 + 73
Total cost= $178
<span>A good rule of thumb is to limit consumer credit payments to 20% percent of your net monthly income.</span>
