Answer:
Adjusting entry to record the estimated uncollectible accounts receivable is:
Debit Bad debt expense $8,500
Credi Allowance for doubtful accounts $8,500
<em>(To record bad debt expense for the year)</em>
Explanation:
The company uses percentage of credit sale to arrive at an estimated amount of accounts receivable that is deemed irrecoverable.
3% of credit sales of $300,000 = $9,000
Since there is an existing credit balance of $500 in the allowance for doubtful accounts, in order to reinstate the balance in that account to $9,000, we need to remove the existing balance from the calculated estimate. Therefore, $9,000 - $500 = $8,500 becomes the necessary adjustment to Bad debt expense.
Answer:
B $0.30
Explanation:
There are three levels of output of materials,to determine the cost per unit of material,one needs to divide the quantity of material by the cost in $ of the material.This is further illustrated below:
$18,000/60000units=$0.30
$36000/120000units=$0.30
$45000/150000units=$.30
The type of organization is "flat organization".
Other names that are used for the flat organization are:
<span>horizontal </span>organization<span> or delayering organization.
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The structure of flat organization alludes to having a generally modest number of layers in your organization's authoritative graph. This is because of a generally higher traverse of control and moderately less layers of administration.
Answer:
d. Generates a change in quantity demanded.
Explanation:
Because in this case only the price is changing and all other factors are held constant the demand curve will not move and any movement that will take place will be along the demand curve. If the price increases the quantity demanded will decrease and if the price decreases the quantity demanded will increase, the reason for this is that the demand curve is downward sloping, therefore a price change will only change the quantity demanded.
Answer:
No, Nelson cannot sue. The US Supreme Court ruled that regardless of the monstrous activities carried out by the Saudi government and the fact that they tend to solve commercial disputes by putting people in jail and torturing them, the events happened in Saudi Arabia. And they were not related to the contract signed by Nelson, the police and the hospital are considered sperate entities by the US laws.
The court recognized that Saudi behavior was really bad, but they had jurisdiction over it. This is a strictly police matter. Saudi Arabia and most Arab states are known for these type of activities, but people continue to go to work there because they offer high salaries. They forget that a golden cage is still a prison.
