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kolezko [41]
4 years ago
5

Journalize and post to the allowance account the following events and transactions in the year 2021. (Credit account titles are

automatically indented when amount is entered. Do not indent manually.) (1) On March 31, a $1,000 customer balance originating in 2020 is judged uncollectible. (2) On May 31, a check for $1,000 is received from the customer whose account was written off as uncollectible on March 31.
Business
1 answer:
guajiro [1.7K]4 years ago
4 0

Answer:

The jounral entries are as follows

Explanation:

1) March 31.

Bad Debts Expense           Dr.$1,000

Account Receivable           Cr.$1,000

2) May 31.

Account Receivable         Dr.$1,000

Bad Debt Expense           Cr.$1,000

Bank                                   Dr.$1,000

Account Receivable          Cr.$1,000

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A major factor contributing to the growth in the use of direct marketing IMC efforts is:__________
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Answer:

a. increased use of credit and debit cards and online shopping by consumers

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Now the major factor i.e contributed to the growth of IMC because of excessive use of cards i.e debit card and credit card for online shopping or for any other purpose

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3 years ago
The currency drain ratio is 0.5 of deposits and the​ banks' reserve ratio is 0.4. What is the money​ multiplier?
dimaraw [331]

Answer: 1.67

Explanation:

From the question, we are informed that the currency drain ratio is 0.5 of deposits and the​ banks' reserve ratio is 0.4.

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= (1 + 0.5)/(0.5 + 0.4)

= 1.5/0.9

= 1.67

Therefore, the money multiplier will be 1.67.

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3 years ago
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2 years ago
f Brent, a contractor refuses to complete a room addition unless the homeowner pays him an additional $20,000, this may be const
STatiana [176]

Answer:

Economic duress

Explanation:

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When this happens, the other party may be left stuck and may have no option than to agree to the new demands of the contract.

8 0
3 years ago
A disadvantage of the mall-intercept survey is:
fiasKO [112]

Answer:

Mall shoppers may not be representative of the target market population.

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