A company receives $176, of which $16 is for sales tax. The journal entry to record the sale would include a

Consider two economic regions, region A and region B. If region A has strict union protection laws present, while region B lacks

barxatty [35]

Answer:

higher unemployment rate

Explanation:

The economic region, A, where there is the presence of strict union protection laws, is most likely to experience increase unemployment rate compared to region B where there is the absence of strict union protection laws.

Unions most times favor those who are currently employed as opposed to those who are searching for jobs. They try to reduce wage inequality between low and middle wage workers and high- wage workers, this most times leads to increase in wages above the equilibrium level. This further result to the decline of amount of labor required hence leading to unemployment.

4 0

3 years ago

Read 2 more answers

During 2015, Bears Inc. recorded credit sales of $680,000. Before adjustments at year-end, Bears has accounts receivable of $300

Rufina [12.5K]

Answer:

Bad Debts Expense Debit $ 34,440

Allowance for Uncollectible accounts Credit $ 34,440

Explanation:

Computation of amount of uncollectible balances to be recorded

Total accounts Receivable $ 300,000

Accounts past due $ 51,000

Accounts not yet past due $ 249,000

Estimated uncollectible from not yet past due 10 %

Estimated uncollectible from past due 24 %

Estimated uncollectible from not yet past due 10 % * $ 249,000 = $ 24,900

Estimated uncollectible from past due 24 % * $ 51,000 = $ 12,240

Total Estimated Uncollectible amounts = $ 37,140

Available balance in Allowance account $ (2,700)

Allowance for uncollectible accounts to be recorded $ 34,440

8 0

4 years ago

Welfare economics is the study of a. taxes and subsidies. b. how technology is best put to use in the production of goods and se

const2013 [10]

Answer:

The answer is b) how technology is best used in the production of goods and services

Explanation:

The concept of welfare economics is used in the context of the Economy and public finances. It is defined as the branch of the economy that tries to determine the conditions that are needed to reach the maximum of social welfare. For this, the conditions are established to maximize production with a given amount of resources and optimization of the distribution of goods and services, analyzing the policies pursued in the achievement of goals that are considered desirable from the point of view of well-being.

7 0

3 years ago

A newly created design business, Teri's Art, is finishing its first year of operations. During the year, credit sales were $4

Vikentia [17]

Answer:

the bad debt expense is $900

Explanation:

The computation of the bad debt expense is shown below:

bad debt expense is

= Written off amount + estimated uncollectible amount at the year end

= $650 + $250

= $900

We simply added the above two items so that the amount of the bad debts for the first year could come

Hence, the bad debt expense is $900

7 0

3 years ago

Omega Inc. expects its net income to be $525,000 this year. The firm's dividend payout ratio is 60 percent. The firm is financed

REY [17]

Answer: $700,000

Explanation: Retained earnings is the amount of earnings left with the company after paying for dividends of common stockholders.

Retained earnings break even can be computed as follows :-

$Break\:even=\frac{retained\:earnings}{equity\:ratio}$

where,

retained earnings = net income (1- payout ratio)

= $525,000 (1 - 60%)

= $210,000

therefore,

$Break\:even=\frac{210,000}{0.3}$

=$700,000

3 0

3 years ago