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3 years ago

At the end of 2016, Sunland Company has accounts receivable of $653,700 and an allowance for doubtful accounts of $24,200.

Business

1 answer:

Anton [14]3 years ago

4 0

Answer:

allowance for doubtful accounts 4,245 debit

accounts receivables 4,245 credit

--to record write-off of Madonna Inc account--

Explanation:

Prepare the journal entry to record the write-off.

To record the write-off we will decrease both, the allowance and the accounts receivable for the amount we consider uncollectible. Under allowance method the company never uses bad debt expense at write-off it only does at year-end adjustment

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Two types of value that are often contrasted are subjective value and: Group of answer choices A. inherent value B. reproduction

Ilia_Sergeevich [38]

Answer:

The correct answer is letter "C": objective value.

Explanation:

Subjective values are those provided by individuals based on their beliefs, perceptions, ideas, feelings, and reflections. Subjective values are biased. Objective values, on the other hand, are based on facts, statistics, evidence, and observations. Objective values are unbiased.

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2 years ago

Which of the following are consistent with the efficient markets hypothesis? Check all that apply. You should spend several hour

denis23 [38]

Answer:

1. Stock markets reflect all available information about the value of stocks AND

2. Changes in stock prices are impossible to predict.

Explanation:

The characteristics that are consistent with the efficient markets hypothesis are that

1. Stock markets reflect all available information about the value of stocks

By definition efficient markets are those whose asset prices reflect all available information.

2. Changes in stock prices are impossible to predict.

The efficient market hypothesis has been described as a backbreaker for forecasters. In its crudest form it effectively says that the returns from speculative assets, are unforecastable.

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2 years ago

Which group would most likely dislike a city ordinance that bans loud vehicles?

weqwewe [10]

The correct answer of the given question above would be the MOTORCYCLE DRIVERS. The group that would most likely dislike a city ordinance that bans loud vehicles are motorcycle drivers. Often times, motorcycles create loud noises in the public street which create disturbance especially in those places where loud sounds are prohibited. Hope this answer helps.

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3 years ago

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What is the difference between an employee and an entrepreneur?

sasho [114]

Answer:

Employees fall under a particular job category. Entrepreneurs create their own profile. Employees have to perform tasks according their respective job profiles. Irrespective of their interest, they are forced to work in an alien environment.

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3 years ago

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Suppose the government in your city imposes a $0.50 excise tax on gasoline. the burden of this tax falls on:_____.

MAXImum [283]

Let's say that gasoline is subject to a $0.50 excise tax in your city. This tax affects both buyers and sellers equally.

Depending on the elasticity of demand and supply, a tax's burden is split between purchasers and sellers. Depending on their alternatives, buyers' and sellers' desire to exit the market is represented by elasticity. The relationship between supply and demand price elasticity and tax incidence is also possible. The tax burden is placed on the purchasers when supply is more elastic than demand. The cost of the tax will be borne by the producers if demand is more elastic than supply.

Learn more about the burden of this tax here.

brainly.com/question/28202762

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1 year ago