Answer:
Option (B) is correct.
Explanation:
Amount of which adjusting entry required:
= Amount of uncollectible accounts - Balance in Allowance for uncollectible accounts
= (Balance in accounts receivable × Estimated percentage of accounts receivable to be uncollectible) - Balance in Allowance for uncollectible accounts
= ($200,000 × 4%) - $2,000
= $8,000 - $2,000
= $6,000
Therefore, the adjusting entry is as follows:
Bad debt expense A/c Dr. $6,000
To Allowance for uncollectible accounts $6,000
(To record the bad debt expense)
Answer:
a. monopolistic elements in the economy will prevent an immediate sharp fall in prices as a result of decreasing demand
Explanation:
When there is recession the price of the factor goes down and with that, the insufficient demand for a certain good or services is eliminated. The reasoning is that the decrease in prices stimulates demand and adjust the market.
Keynes among other economist consider that unemployment increase during recessions because the nominal wages rate do not fall. As the union and worker do not want to see their wage decrease. Same is applied to prices which makes then inflexible in a downward direction.
While "supply creates its own demand" is "Says's Law" which is rejected in keynes main book "The general theory"
Hece option A is the only one which is true
Answer:
a) Why is it NOT necessary to weigh accurately the sodium sulfate?
Explanation:
The mass of sodium sulfate is not important to the lab because it is not used in any of the calculations to find the partition coefficient of 9-Fluorenone.
Answer:
A) interest rate
Explanation:
Interest rate risk refers to the risk of purchasing a bond that offers a certain coupon and then the price of that bond changes due to changes in the market interest rate.
This can work in your favor, if the market interest rate decreases, you will have a bond that pays above market coupon, which will increase the market value of the bond. But if the market interest rate increases, the market value of your bond will decrease, and you will lose money. This is what happened to Albert, since the market interest rate increased, the value of Albert's bond decreased.
Answer:
money deposited after end of 3rd year is $4877.75
Explanation:
given data
initial amount = $10000
rate = 5%
time = 3 year
after 7 year account balance = $20000
solution
we consider here money deposited after end of 3rd year is = x
first we get here compounded amount after 3 years as
compounded amount = initial amount × 
................1
compounded amount = 10000 × 
compounded amount = $11576.25
so at 7 year account balance is
account balance = ( compounded amount + x ) × ....................2
$20000 = ( $11576.25 + x ) × 
solve it we get
x = $4877.75
so money deposited after end of 3rd year is $4877.75
