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disa [49]
3 years ago
11

An aging of a company's accounts receivable indicates that the estimate of uncollectible accounts totals $6,400. If Allowance fo

r Doubtful Accounts has a $1,300 debit balance, the adjustment to record the bad debt expense for the period will require a
Business
1 answer:
horsena [70]3 years ago
8 0

Answer:

Debit to Bad Debt Expense for $7,700

Explanation:

Based on the information given we were told that company's accounts receivable shows the estimate of uncollectible accounts totals of the amount of $6,400 while the Allowance for Doubtful Accounts has the amount of $1,300 as the debit balance. This means that the adjustment to record the bad debt expense for the period will require a

Debit to Bad Debt Expense for $7,700 Calculate as:

Dr Bad Debts 7700

(6300+1300)

Cr To Allowance for Doubtful Accounts 7700

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What would a casualty insurance policy cover?
svetlana [45]

Answer:

The answer is (D) a customer injury caused by employee negligence.

Explanation:

A casualty insurance policy is a type of insurance that covers liabilities for individuals or organizations when negligence or omissions occur. It can apply to a variety of insurance types, such as aviation insurance, automobile insurance, and electronics insurance. It is not related to life insurance, health insurance, or property insurance. This makes (D) the only viable answer.

5 0
3 years ago
Read 2 more answers
On October 1, 2014, Mann Company places a new asset into service. The cost of the asset is $80,000 with an estimated 5-year life
Lelu [443]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

On October 1, 2014, Mann Company places a new asset into service. The cost of the asset is $80,000 with an estimated 5-year life and $20,000 salvage value at the end of its useful life.

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= 60,000/5=12,000

3 months depreciation= 12,000/12*3= 3,000

3 0
3 years ago
Statement Single-price Monopoly Perfect Price Discrimination Total surplus is not maximized. There is no deadweight loss associa
Bond [772]

Answer:

  • Under Single Price Monopoly, absolute surplus is not maximized.
  • The profit-maximizing efficiency in Perfect Price Discrimination is correlated with no extra weight loss
  • Barefeet generates quantity less than the productive quantity of boots in single-price Monopoly.

Explanation:

A single-price monopoly is a corporation, who must sell every unit of its production to all its consumers for the same rate. so there is no way to maximize surplus.

A price-discriminating monopoly is a corporation able to sell various units of a product or service at various price points. Therefore, by adjusting their prices they have opportunities to increase their income.

6 0
3 years ago
The exchange rate between the Australian dollar and the Indian rupee is determined in a flexible foreign exchange market.
nataly862011 [7]

Answer and Explanation:

a. For eliminating the recession government should take an expansionary fiscal policy like tax reduction or rise in government spending etc

b. The impact of the fiscal policy would be result in high borrowing by the government due to which there is rise in the rate of interest

c. The graph is shown in the attachment

d. It shows the depreciation of the dollar due to which the exports are increased and it become cheaper for the foreigners

e. In the case when the production rises so there is a decline in the unemployment that result in high exports

6 0
3 years ago
The way a product is delivered is determined by the __________.
bazaltina [42]

Answer:

A,) Firm's entry strategy

Explanation:

A.)  Entry strategy is a planned distribution and <u>delivery method of goods</u> or services to a new target market.

B.) Positioning refers to the place that a brand occupies in the minds of the customers and how it is distinguished from the products of the competitors. (Practically how it is designed.)

C.) A target market is a group of customers within a business's serviceable available market at which a business aims its marketing efforts and resources. A target market is a subset of the total market for a product or service.

D.) Market segmentation is the research that determines how your organization divides its customers or cohort into smaller groups based on characteristics.

Hope this helped : D

7 0
3 years ago
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