Answer:
amount of Bad Debt Expense for 2019 = $92,000
Explanation:
A bad debt expense is a uncollectible receivable amount incurred on a credit sale to a customer, who is no longer able to pay the debt, due to bankruptcy or other financial problems. Companies make provision for these kind of credit losses in the allowance for doubtful accounts, and hence records the amount used from the allowance for doubtful accounts as the bad debt expense.
In our example, the allowance for doubtful account for 2019 is $92,000, hence since it was used to settle part of the credit losses, this becomes the bad debt expense.
Group of answer choices.
A. the supply curve, resulting in a lower equilibrium price.
B. the supply curve, resulting in a higher equilibrium price.
C. the demand curve, as consumers try to economize because of the shortage.
D. the demand curve, resulting in a price ceiling in the market.
Answer:
B. the supply curve, resulting in a higher equilibrium price.
Explanation:
In this scenario, a severe freeze has damaged the Florida orange crop. Thus, the impact on the market for orange juice will be a leftward shift of the supply curve, resulting in a higher equilibrium price.
An equilibrium price can be defined as the price at which the quantity of goods demanded is equal to the quantity of goods supplied.
Additionally, the equilibrium price is generally said to be stable because at this price, the quantity of goods or services demanded is equal to the quantity of goods or services supplied to the consumers.
Answer:
The rate of return on the risky asset is 16% and on treasury bill is 6% and we need a return of (1100-1,000)/1000= 10% or 0.1
If we think of x as the percentage investment in risky asset and 1-x as the investment in non risky asset we can mathematically find what proportion we need to invest in each asset to get this return.
16x+ 6(1-x)=10
16x+6-6x=10
10x=4
x=4/10
x= 0.4
This equation tells us that we should invest 40% in risky assets and 1-x which is 60% in treasury bills. We can test our answer by putting these values and see if the return is 10 %
(0.4*16)+(0.6*6)= Rate of return
Rate of return=10%
10% of 1000 = 100
100+1000=$1100
Explanation:
Answer:
D is very good but A and c are good to And b if so I would choose all four
Answer:
1. Cash $5000 Dr
Common Stock (at par) $5000 Cr
2. Cash $4000 Dr
Loan Payable $4000 Cr
3. Supplies $500 Dr
Account Payables $500 Cr
4. Account Receivables $8000 Dr
Service Revenue $8000 Cr
5. Salaries Expense $3900 Dr
Cash $3900 Cr
6. Prepaid Rent $2400 Dr
Cash $2400 Cr
7. Office Furniture $3500 Dr
Account Payable $3500 Cr
8. Cash $1800 Dr
Unearned Service Revenue $1800 Cr
9. Cash $3000 Dr
Account Receivables $3000 Cr
10. Utilities Expense $1200 Dr
Cash $1200 Cr
11. Dividends $1000 Dr
Cash $1000 Cr
12. Certificate of Deposit Receivable $2000 Dr
Cash $2000 Cr
13. Loan Payable $1600 Dr
Cash $1600 Cr
14. Land $2700 Dr
Cash $2700 Cr
15. Interest Expense $400 Dr
Interest Payable $400 Cr
16. Unearned Service Revenue $1800 Dr
Service Revenue $1800 Cr
17. Supplies Expense $400 Dr
Supplies $400 Cr
18. Salaries Expense $2300 Dr
Salaries Payable $2300 Cr
19. Interest Receivable $150 Dr
Interest Revenue $150 Cr
Explanation:
