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ratelena [41]
3 years ago
12

An aging of a company's accounts receivable indicates that the estimate of uncollectible receivables totals $7,900. If Allowance

for Doubtful Accounts has a $700 credit balance, the adjustment to record the bad debt expense for the period will require a a. credit to Allowance for Doubtful Accounts for $700 b. debit to Bad Debt Expense for $8,600 c. debit to Bad Debt Expense for $7,900 d. debit to Bad Debt Expense for $7,200
Business
1 answer:
ad-work [718]3 years ago
7 0

Answer:

option d) debit to Bad Debt Expense for $7,200

Explanation:

Data provided :

Total estimated uncollectible receivables of the company = $ 7,900

credit balance for the allowance for doubtful accounts  =  $ 700

Therefore,

the net bad debt expenses of the company = $ 7,900 - $ 700 = $ 7,200

Hence,

the<u> correct answer is </u><u>option d) debit to Bad Debt Expense for $7,200</u>

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Which of these are considered broad economic goals? Dependability, equity, efficiency Freedom, equity, growth Reliability, hones
kodGreya [7K]

Answer:

equity, freedom, security, efficiency, growth

Explanation:

The economic goals include:

1. Equity: occurs in an economy when income and wealth are fairly distributed within a society.

2. Efficiency (efficiency freedom): is achieved when society is able to get the greatest amount of satisfaction from available resources in an economy

3. Economic growth: when there is an increase in the economy's ability to produce goods and services, often indicated by measuring the growth rate of production.

The other economic goals are:

Economic Stability, balance of payment, Price Stability or Controlling Inflation and Full Employment.

8 0
3 years ago
Revising for Conciseness - Rejecting Redundancies and PurgingEmpty Words
ludmilkaskok [199]

Answer:

Answer (A) - 1 and 2

Answer (B) - 3

Answer (C) - 2

Explanation:

There are three sections to this question.

PART A: Rejecting Redundancies

Among the 4 options given in this section, the redundancies are

1. Adequate enough

2. Combined together

Why? Because there is repetition in the phrases! Adequate is the same thing as Enough and Combined means the same thing as Together.

PART B: Purging Empty Words

For the statement given, the option containing the empty words is

3. "that was unfinished"

Why? Because this is the unnecessary phrase that needs to be eliminated from the sentence, not even for conciseness sake but for the sake of proper grammar and better comprehension by the reader.

PART C: Revising a Passage

For the passage given, the type of revision that could be made to make it more concise is

2. Drop unnecessary fillers

Why? Because the second statement in the passage was an unnecessary filler. It contained information that required story telling about the efforts of "Jump High Schools".

3 0
2 years ago
What does cc and bcc mean in business studies​
WARRIOR [948]

Answer:

Using cc means that you send the email to another person — or other people — in addition to the primary recipient or recipients. When you use cc, everyone who receives the email can see who else received it. Bcc (“blind carbon copy) also sends a copy of the email to one or more people beyond the primary recipient(s).

Explanation:

4 0
3 years ago
What are some of the ways in which the government is involved in the economy? what are the advantages and disadvantages of gover
ArbitrLikvidat [17]
The government can control tariffs and can limit how much can be imported into the usa.
The government can provide subsidies to certain producers, typically farmers.
The government can put a ceiling and a floor on prices as they wish. They can control the lowest and highest price a commodity can sell for.
The government can own public works such as a water company if they feel they can provide the service for a lower cost than the local competitors.
The government can decide which companies are monopolies and which companies are violating federal policies regarding trade. The government has the power to break up monopolies.
Each of these has advantages and disadvantages. For example, for farmers, when prices on their crops are too low, the government "gives" them money for their crops so they can stay in business.
A monopoly business controls the price and supply. If the monopoly is broken up, then competitors can enter the field- this can help drive down prices.
If the government can provide utility services for cheaper, that is good.

5 0
2 years ago
Suppose that in 2011, per-person GDP in Singapore was $53,591, and in Egypt, it was $5,547, as measured in 2005 purchasing power
Lyrx [107]

Answer:

a. There are significant differences in incomes between high- and low-income countries.

Explanation:

Data provided in the question

Per person GDP in Singapore = $53,591

Per person GDP in Egypt = $5,547

Based on the above information

As we can see that the level of income in Singapore is higher than Egypt also when there is an important difference in the high income and low income countries the same is shown accurately

hence, the correct option is a.

5 0
2 years ago
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