Answer:
B. $27,500.
Explanation:
The computation of the minimum amount Morse receive is shown below:
= Morse capital balance - claim amount filed × his share
= $40,000 - $50,000 × 25%
= $40,000 - $12,500
= $27,500
Simply we deduct his share of claim amount form the liabilities amount so that the correct amount can come
All other information which is given is not relevant. Hence, ignored it
Answer: Information Technology
Explanation:
The employee role is directly accountable to ensure that employees are implementing security policies consistently is the information technology staff.
Such individual implements and also maintains security policies, procedures, and standards. The Information Technology staff gives the necessary mechanisms that will be required to enhance the security program.
Answer:
Given that,
Desired balance in allowance account = $33,750 (Credit)
Current balance = $555 (Debit)
Adjustment for allowance accounts:
= Desired balance in allowance account - Current balance
= $33,750 - $555
= $33,195
Therefore, the journal entry is as follows:
Bad debt expense A/c Dr. $33,195
To Allowance for doubtful account $33,195
(To record the estimated bad debts expense)
I would say that for perfumes, cigarettes and alcoholic beverages the response to say an increase in excise taxes could lower sales thus be an elastic response whereas for car gasoline, most people don't have much choice about buying it even with high taxes so the response to higher taxes might be inelastic.
Answer:
The growth rate of the U.S economy in 2011 was 5.65%
Explanation:
This is a simple calculation
We use this formula to calculate percent changes from one period to another:
% change =
We have that the GDP for 2010 was $11,150 billion and the GDP in 2011 was $11,780 billions we then apply the formula:
% change =
% change =
This means that the growth rate of the U.S economy in 2011 was 5.65%