Answer:
a. Journal entries to record the reinstatement of the account receivable
Account Title and Description Debit Credit
Account receivable account $600
Allowance for Doubtful Accounts account $600
(Reinstatement of the account receivable)
b. Journal entries to record the receipt of cash
Account Title and Description Debit Credit
Bank Account $600
Account receivable account $600
(Receipt of cash)
Answer:
C) The supply curve moved to the left.
Explanation:
A supply curve shift to the left due to a reduction in the quantity supplied to markets. When the market is at equilibrium, a decrease in supply will likely to create a shortage. Buyers will compete to buy the few available items at the price that suppliers will demand. Suppliers will take advantage of the " increase " in demand to raise prices.
A reduced supply means that the quantity available in the market decreases. At equilibrium, the quantity supplied matches demand, but when supply decreases, the quantity supplied also decreases.
If a local government has plans to build a new transit station on a site where several homes are currently located and the residents would not want to move, then the fifth amendment can be used where it says that the government could take the land but the government should pay a fair enough price to the owners of the land. This part of the Fifth Amendment is called the Taking Clause where it stresses out the a private property should be not be taken for public without a just compensation. The people who made this clause are land property owners who has a certain degree of mistrust of the government power.
Answer:
absorption
Explanation:
Manufacturing cost can be regarded as the summation of the cost of consumed resources during the production of a product. It can be divided into
direct materials cost
✓ direct labor cost
✓ manufacturing overhead.
It should be noted that All manufacturing costs are assigned to units of product and all non-manufacturing costs are treated as period cost under absorption costing.
Answer:
b. $2,616
Explanation:
Missing word <em>"Total receipts for February amounted to $46216. If the sales tax rate is 6%, what amount must be remitted to the state for February's sales taxes? O $2773 O "</em>$2616 O $2608 O It cannot be determined.
Sales tax = Total receipt * Tax rate
Sales tax = Total receipt * 6/106
Sales tax = $46,216 * 6/106
Sales tax = $2,616
So, the amount that must be remitted to the state for February's sales taxes is $2,616.
