Answer:
$5,360
Explanation:
The adjusting entry is shown below:
Bad debt expense $5,360
To Allowance for doubtful debts $5,360
(Being the bad debt expense is recorded)
For recording this we debited the bad debt expense as it increased the expenses and credited the allowance for doubtful accounts as it reduced the assets
The computation is shown below:
= $91,000 × 5% + $810
= $5,360
Answer:
The answer is: Detroit $196.87
Explanation:
We first must add the cost of visiting the five cities:
Detroit $196.87
Pittsburgh $180.32
St. Paul $102.87
Cincinnati $155.81
<u>Richmond $211.86 </u>
Total cost $847.73
Then we find what is the difference between the total cost and the road trip budget: $847.73 - $652 = $195.73
The cheapest city that Richard can drop is Detroit, by doing so his total expenses will be $650.86, which is below his budget.
Answer:
C. The choice of consumers regarding what to purchase to satisfy their wants and the choice of producers regarding what to produce to maximize profits.
Explanation:
The extremely large amount of products that large hardware stores, such as Office Depot, carry, are most likely a consequence of the combination of these factors. On the one hand, the customers who go to this stores have a particular want, and their purchases are intended to satisfy these wants. On the other hand, the producers also have to make a choice, and they generally chose the products that are most likely to maximize their profits.
Answer:
The correct answer is letter "B": False.
Explanation:
The Pure Expectations Theory uses long-term interest rates to predict future interest rates in the short run. Investors consider different investments to predict future interest rates. In the example, the statement indicates the opposite. It is taking a short-term interest rate (one-year bond), to calculate the return of a long-term investment (five-year bond).
