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ikadub [295]
3 years ago
15

Metlock has been in business several years. At the end of the current year, the unadjusted trial balance shows: Accounts Receiva

ble $300,000 Dr. Sales Revenue 2,321,700 Cr. Allowance for Doubtful Accounts 5,355 Cr. Bad debts are estimated to be 8% of receivables. Prepare the entry to adjust Allowance for Doubtful Accounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Business
1 answer:
Vesnalui [34]3 years ago
7 0

Answer:

the answer is given below;

Explanation:

Allowance for Doubtful Accounts-opening             ($5,355)

Allowance for doubtful accounts-closing    ($300,000*8%) $24,000    

Bad Debt Expense                                                          $18,645

Bad Debt Expense Dr.$18,645

Allowance for Doubtful Accounts Cr.$18,645

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How are maquiladoras similar to sweatshops? I. Workers are paid very low wages in both systems. II. Both are prevalent in underd
Anna007 [38]

Answer:

D.) I. and II

I. Workers are paid very low wages in both systems.

II. Both are prevalent in underdeveloped nations.

Explanation:

maquiladora can be regarded as mode of manufacturing that is associated to countries such as Mexico, which is been at up by a foreign company, and it involves export of the manufactured goods out of that country to the origin country of the company. There are some benefits for the factory such as

duty-free as well as tariff-free imports of raw materials. sweatshop can be regarded as sweat factory, it is a crowded workplace that has socially unacceptable as well as

very poor and illegal working conditions. Employees in sweatshops usually have work long hours and petty pay.

It should be noted that maquiladoras similar to sweatshops in ways such was ;

✓Workers are paid very low wages in both systems.

✓Both are prevalent in underdeveloped nations.

8 0
3 years ago
A 10-year semi-annual coupon bond with an $1000 par value pays an annual coupon rate of 6% and the market requires 8% APR. What
arlik [135]

Answer:

Coupon= $30 per period.

20 period for semi annual coupon payment.

28.148% discount rate

Explanation:

1.) Coupon rate * face value of bond = coupon

semi annual rate =6%/2=3%

Coupon= 1000 *3%= $30 per period.

2.) t= number of periods = years of maturity * coupon payment semi-annual

t= 10 * 2 = 20 periods.

3. Discount rate formula =C+[(F-P)/t] / (F+P/2)

where C=coupon payment annual

F= face value of security

P=price of security= 1000 *8%=80

t= years of maturity.

so we have⇒ 60+[(1000-80)/10]/(1000+80)/2

=152/540

=28.148%

4 0
3 years ago
Purchase task, social surroundings, physical surroundings, temporal effects, and antecedent states can have an impact on a consu
quester [9]

Answer:

<u>Situational Influences </u>

Explanation:

Situational influences refer to those situation or state conditions which influence a buyers behavior. Physical, social and time factors or buyers own moods, affect a buyers buying habits i.e what the buyers buy and the quantity of purchases.

Physical surroundings refer to the physical situation of the buyer i.e the effect of location of the store, the design of the store etc.

Social surroundings refer to the effect of people who surround the buyer while he is considering a purchase.

Temporal effects refer to temporary or time bound situation of the buyer which relates to the time of the day a buyer visits the store.

Antecedent states refer to the pre existing state of mind of the buyer.

Collectively, these comprise situational influences in consumer buying decision process.

4 0
3 years ago
As a result of the growing trade with the Europeans, the Woodland Indians gradually abandoned their culturally based system of t
puteri [66]

Answer: True

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3 0
3 years ago
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It takes a wide range of know-how to be an international manager. They ought to have a complete historical past and aggressive intelligence in marketing, income, finance, and human sources. high-quality networking and pass-cultural communique abilities also are important.

International managers make a contribution with their cultural skills and knowledge of international economics, trade, governments, contracts, markets, and finance to ensure an organization's front into worldwide markets is aligned with its desires and goals.

Learn more about international managers here: brainly.com/question/24553900

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