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KiRa [710]
3 years ago
6

The Allowance for Bad Debts account had a balance of $7,000 at the beginning of the year and $9,500 at the end of the year. Duri

ng the year (including the year-end adjustment), bad debts expense of $12,800 was recognized.
Required:
Calculate the total amount of past-due accounts receivable that were written off as uncollectible during the year.
Business
1 answer:
Nuetrik [128]3 years ago
8 0

Answer:

$10,300

Explanation:

The allowance for bad debts account reports that an estimated amount of the account is going to be uncollectible. The write-offs decrease the balance if account received by the amount that is going to be uncollectible.

Write-offs = Beginning allowance + Bad debt - Ending allowance

Write-offs= $7,000 + $12,800 - $9,500

Write-offs= $10,300

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Answer:SMS/Messages

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Inservices allows users to send an recive text messages.

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Aletha has been having difficulty in her first-period history class. one day aletha misses the school bus. she has to walk to sc
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Splish Brothers Inc. sold its accounts receivable of $70,300. What entry should Splish Brothers make, given a service charge of
Bingel [31]
Please help me! This is due tomorrow and I really need some help! Thank you.
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3 years ago
You and your college roommate eat three packages of Ramen noodles each week. After graduation last month, both of you were hired
inn [45]

Answer:

The answer to this question is b. Yours will be positive and your roommate's would be negative.

Explanation:

Income elasticity of demand is the degree of responsiveness of demand to changes in income. In other words, it measures how changes in income of consumers will affect the quantity of commodities demanded by such consumers.

An income elasticity of demand can be positive or negative.

It is positive, when an increase in income leads to an increase in the quantity demanded by the customer. However it is referred to as negative when an increase in income leads to decrease in the quantity demanded by the consumer.    

In  the question above, it can be seen that the increase in income of the first person brought about increase in the commodity demanded thereby making his income elasticity of demand positive. one the other hand, the increase in the income of his roommate, brought about decrease in his demand which translate to the fact that his income elasticity of demand would be negative.

Hence the answer given.

4 0
4 years ago
Excluding discouraged workers from the official unemployment rate may cause the official rate to the true extent of underemploym
Alenkasestr [34]

Excluding discouraged workers from the official unemployment rate may cause the official rate to Understate the true extent of underemployment.

What happens when they are reclassified as discouraged workers?

  • The measured unemployment rate will decrease if unemployed people give up.
  • When this occurs, the measured unemployment rate will momentarily increase. They will once more be listed as unemployed, which is why.
  • Because there are no discouraged employees in the labor market actively looking for a job, the labor force participation rate would fall if employed people were reclassified as discouraged workers.

(1) official unemployment rate= unemployed/(employed + unemployed)

= 6197000 / 155604000 + 6197000 * 100

= 3.83%

(2) U-4 unemployment rate= (unemployed +discouraged) /(employed +unemployed+ discouraged)

=6197000+ 434000 / 155604000+ 6197000 + 434000 * 100

= 4.09%

Excluding discouraged workers from the official unemployment rate may cause the official rate to Understate the true extent of underemployment.

To learn more about the unemployed, refer to:

brainly.com/question/3876987

#SPJ4

8 0
1 year ago
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