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topjm [15]
3 years ago
11

An aging of a company's accounts receivable indicates that $8400 are estimated to be uncollectible. If Allowance for Doubtful Ac

counts has a $4820 credit balance, the adjustment to record bad debts for the period will require a
Business
1 answer:
Alexxandr [17]3 years ago
8 0

Answer: Debit to bad debt expense for $3580.

Explanation:

Based on the information given, the bad debt expense will be:

= Desired balance - Actual balance before adjustment

= $8400 - $4820

= $3580

Based on the above, the journal entry will be:

Debit Bad debt expense $3580

Credit Allowance for uncollectible $3580

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g When a monopolistically competitive industry is in long-run equilibrium: Multiple Choice price equals marginal cost. firms ear
kozerog [31]

Answer:

price equals minimum average total cost

Explanation:

As we know that in the short run, the firms earns the economic profit but in the long run  when a new firm is entered into the indusry and there is a market share so the demand of the market is to be shared by each firm due to which the demand would be less

So this represents that price is equivalent to the average total cost

Hence, the last option is correct

8 0
3 years ago
Suppose a U.S. Treasury bond will pay $2,500 five years from now. If the prevailing interest rate on 5-year Treasury bonds is 4.
Morgarella [4.7K]

Answer:

The value of the bond today is closest to $1648.85

Explanation:

The value of the bond today is closest to:

Present Value = FV / (1+i)^n *m

FV= 2500

I = 4.25 = 0.0425

N= 5

M= 2

The value of the bond today = 2500 / (1+0.0425) ^5*2

The value of the bond today = 2500 / 1.516214468

The value of the bond today = 1648.853256

The value of the bond today = $1648.85

5 0
3 years ago
Dilts Company has a unit selling price of $630, variable costs per unit of $380, and fixed costs of $335,000. Compute the break-
Rudik [331]

Answer:

Q= TFC/(SP-VC)

Break Even Point in Units = 1116.67 ≅1117

Explanation:

Dilts Company

Sales price  $630,

Variable costs per unit  $380,

Contribution Margin 300

Fixed costs  $335,000

The Mathematical Equation

Q= No of units

Total Revenue= TR

Total Cost = TC

Total Fixed Costs= TFC

Variable Costs= VC

Sales Price = SP

Total Revenue= TR= Price Per unit * No Of units = SP * Q

Total Cost = TC = Total Fixed Costs + Variable Costs ( Number of Units)=

                    TC= TFC + VC*Q

Now according to break even the total revenue must equal the the total costs

TR= TC

SP*Q= TFC + VC*Q

On re arranging the above  equation

SP*Q- VC*Q= TFC

Q(SP-VC)= TFC

Q= TFC/(SP-VC)

Number of Units=Total Fixed Costs/Sales Price- Variable Costs

b) Break Even Point in units = Fixed Costs/ Contribution Margin per unit

Break Even Point in units = Fixed Costs/ (Sales- Variable cost)

Break Even Point in Units = $335,000/ 300= 1116.67 ≅1117

5 0
3 years ago
When members begin taking risks, the leader will know the group is transitioning to?
Annette [7]

It decreases the need for leaders to be fully present and listen actively if they are working with another leader.

Stage of Group Transition Some people call this the "Storming" stage. Anxiety, resistance, defensiveness, control concerns, disputes among group members, issues with the leader, etc. are characteristics of this stage. It is the responsibility of leaders and followers to identify and manage tension, conflict, and resistance. Going outside of your comfort zone is what it is to take chances. Risk-taking is a human tendency ingrained in leaders and plays a significant role in their lives. Taking risks might vary depending on the leader's age, generation, and financial situation. It spreads to take risks.

Learn more about group transitioning here:

brainly.com/question/27789930

#SPJ4

8 0
1 year ago
On a resume, an Objective is preferable to a Qualifications Summary. True or False
damaskus [11]
Actually it depends on different variables. An objective is usually used at the beginning of a resume, while the summary is mostly used in the middle or end of the resume.<span />
7 0
3 years ago
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