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vova2212 [387]
3 years ago
8

At December 31, ABC reported accounts receivable of $272,000 and an allowance for uncollectible accounts of $1,350 (credit) befo

re any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 1% of accounts receivable. The amount of the adjustment for uncollectible accounts would be:
Business
1 answer:
babunello [35]3 years ago
4 0

Answer: $1,370

Explanation:

The adjustment for uncollectible accounts would be;

= Amount of receivables to be uncollected - Credit balance in Allowance for uncollectible accounts

= (1% * 272,000) - 1,350

= 2,720 - 1,350

= $1,370

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I'd assume loans or credit debt.
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According to the definitions of national saving and private saving, if Y, C, and G remained the same, an increase in taxes would
Viefleur [7K]

Question options :

a. raise both private and public saving.b. raise private saving and lower public saving.c. lower private saving and raise public saving.d. lower private and public saving.

Answer:

c. lower private saving and raise public saving.

Explanation:

National saving is total of private and public saving minus the country's consumption and government expenditure.

Private saving is income from households minus consumption and taxes.

Formula for public saving is T − G − TR which is government budget surplus through revenue from tax. This is revenue from tax minus government expenditure and transfers.

3 0
3 years ago
Enrollment at tradewinds college has increased by about 3% each year for three years, even though tuition and fees have gone up
MrRissso [65]

Answer:

Explanation:

My conclusion as a corporate social responsibility student is as follows: Students are willing to pay the additional tuition in the short-run since they believe that employing new technology (the means) will be justified by maintaining a better environment (the end).

Generating energy using wind is environment-friendly than using other non-renewable sources which could result in depletion of natural resource and environmental pollution. Therefore, an additional cost on the part of the students in terms of increased tuition fee is justified by the reduction in resource depletion and the preservation of environment in using wind energy.

7 0
3 years ago
Question 4 of 8 > For each of the scenarios, please decide whether there will be an increase or decrease in short-run aggrega
sdas [7]

Increased use of current inputs in the production process is the short-term response of aggregate supply to rising demand (and prices).

A company can't, for the short term, build a new factory or introduce new technology to boost production efficiency because the level of capital is fixed.

What is short run and long run aggregate supply?

The intersection of the economy's aggregate demand and long-run aggregate supply curves determines its equilibrium real GDP and price level in the long run. The short-run aggregate supply curve is an upward-sloping curve that shows the quantity of total output that will be produced at each price level in the short run.

To learn more about aggregate supply here

brainly.com/question/29349235

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7 0
2 years ago
The following monthly data are available for Waterway Industries. which produces only one product: Selling price per unit, $54;
o-na [289]

Answer:

Margin of safety= 950 units

Explanation:

<u>First, we need to calculate the break-even point in units:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 42,000 / (54 - 14)

Break-even point in units= 1,050

<u>Now, the margin of safety in units:</u>

<u></u>

Margin of safety= (current sales level - break-even point)

Margin of safety= 2,000 - 1,050

Margin of safety= 950 units

8 0
3 years ago
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