Answer:
Doubtful
Explanation:
The company will record the uncollectible $5,670 of its accounts receivable as a debit to uncollectible accounts expense and a credit to the DOUBTFUL account.
This is evident in the fact that the bad debt allowance method has three main principles which are:
1. Calculate uncollectible receivables
2. Debit bad debt expense and credit allowance for doubtful accounts in the journal entry
3. Debit allowance for doubtful accounts and credit the corresponding receivables account when it is time to write off the account.
Answer:
$704.50
Explanation:
You add the 2 deposits together then you subtract the receipt into the answer of the 2 deposits and there you go.
Answer:
Explanation:
Given:
Discount = original price × discount fraction
Discounted price = original price - discount
Discount fraction = 20%
= 20/100
A.
Original price of shirt = $x
Original price of hat = $(x + 10)
Discounted price of shirt = $x - $0.2x
= $0.8x
Discounted price of hat = $(x + 10)
- 0.2$(x + 10)
= $0.8 × (x + 10)
Difference of discounted price of hat to shirt = 0.8(x + 10) - 0.8x
= $8
B.
Original price of shirt = $x
Original price of hat = $ 1.5 × x
Discounted price of shirt = $x - $0.2x
= $0.8x
Discounted price of hat = $ 1.5 × x
- 0.2 × $ 1.5 × x
= $ 1.2x
Difference of discounted price of hat to shirt = 1.2x - 0.8x
= $ 0.4x
Answer: D) buyers would scramble to get all available widgets.
Explanation:
The law of demand states that more quantity is demanded at a lower price, therefore if producers move prices from P3 to P1 there would be an increase in quantity of widgets demanded. Buyers would scramble to get all available widgets wich will create a shortage in the market
Answer:
the current stock of the value today is $25
Explanation:
The computation of the current stock of the value today is shown below:
Next year dividend D1 = $3
growth rate g =6% forever
rate of return = 18%
So,
Current Stock Price P = D1 ÷ (r - g)
=3 ÷ (18% - 6%)
= 3 ÷ 12%
= 3 ÷ 0.12
= $25
Hence, the current stock of the value today is $25
