Answer:
$9,000
Explanation:
Bad Debts Written off $22,000
Uncollectible accounts-recovered $(8,000)
Allowance for doubtful accounts reversed
(opening-closing $40,000-$35,000*) ($5,000)
Bad Debt Expense for the year $9,000
*270,000-235,000 =35,000
Answer:
Hanna is correct.
Explanation:
The sale of the 2004 Dodge cannot be construed to be a sale of goods under the Uniform Commercial Code since this law covers sales of goods by merchants. Hanna cannot be said to be a merchant of 2004 Dodge as she is not known to be in the business for the purchase and sale of cars. Therefore, the case should be adjudicated under the common law. What has taken place in this instance is the exchange of a personal asset. Hanna cannot make a trading profit from the sale, but a capital gain. Rachel is not correct.
Answer: There is no fiscal policy action that can keep the inflation and unemployment stable.
Explanation:
If there is a negative real shock such as an oil crisis, it will be hard fir the affected economy to adjust and be stable.
A negative real shock will lead to a reduction in growth and a rise in inflation. Even in cases whereby there is an increase in the money supply, this will lead to a rise in real growth but the result will be that there will be an higher inflation
Therefore, there is no fiscal policy action that can keep the inflation and unemployment stable.
Answer:
<u>Reffeal</u>
Explanation:
A letter of reference is an effective method for establishing clear communication with information needed to clarify possible doubts and bring credibility. It should be written in a formal manner, highlighting the strengths of the message to be conveyed beyond clear, accurate and honest language.
<h3>Hello there!</h3>
Your question asks what order does a activity-based costing system work by.
<h3>Answer: b, c, a, d</h3>
The order:
1. b). Identify activities and estimate their total indirect costs.
2. c). Identify the allocation base for each activity and estimate the total quantity of each allocation base.
3. a). Compute the predetermined overhead allocation rate for each activity.
4. d). Allocate indirect costs to the cost object.
The reason why the answer choice "b, c, a, d" is the correct answer because that's the correct order for the activity-based costing system.
The activity-based costing system first identifies the activities that are going on and find the indirect cost, then identifies the allocation base for the activities that are occurring to find the quantity of the allocation base, then solve the pre-determined rate of allocation for each activity, and finally get the indirect cost for the object.
<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>
