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3 years ago

At December 31, 2018, Oriole Company reported the following information on its balance sheet.

Business

1 answer:

drek231 [11]3 years ago

7 0

Answer:

Bad debt expense (Dr.) $68,930

Allowance for Doubtful Debt (Cr.) $68,930

Explanation:

Accounts Receivable :

Balance $948,000

Add: Sales $3,609,930

Less: Sales returns $51,000

Less: Collections $2,756,000

Less: Write offs $97,000

Add: Recovery of old Bad debts $28,000

Adjusted Balance $1,653,930

Bad Debts :

Balance $78,000

Less: Allowance for doubtful debts $97,000

Less: Recovery $28,000

Adjusted Balance $9,000

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Assuming no change in government spending, an decrease in taxes of $80 billion with an mpc of 0.50 will add a total of $________

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Assuming no change in government spending, a decrease in taxes of $80 billion with an mpc of 0.50 will add a total of $ 400 billion to the economy after the multiplier effect.

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A standard definition of the economy might describe economics as a social science focused on meeting needs and desires through the allocation of scarce resources with alternative uses. Going further, we can say that economy is the study of scarcity and choice. The economy is defined as the management of financial matters in communities, businesses, or families. An example of an economy is the US stock exchange system.

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2 years ago

Ten years ago, Cary Company issued $1,500,000 of 7 percent, 10-year bonds at a price of 95. On the maturity date of January 2, a

vampirchik [111]

Answer:

Debit Bonds Payable for $1,500,000

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Explanation:

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Therefore, the necessary journal entry for January 2, 2019 to complete is as follows:

Debit Bonds Payable for $1,500,000

Credit Cash for $1,500,000

This entry will appear as follows:

Date Name of Account DR ($) CR ($)

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3 years ago

Option 1

agasfer [191]

Answer:

option 2 sorry if wrong

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3 years ago

DC Construction has two divisions: Remodeling and New Home Construction. Each division has an on-site supervisor who is paid a s

labwork [276]

Answer:

Correct option is B.

$278,000

Explanation:

Common Fixed Expenses = Office Administrative Assistant + Office Administrative Assistant + President's Salary

Common Fixed Expenses = $61,750 + $46,750 + $169,500

Common Fixed Expenses = $278,000

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3 years ago

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Marketers segment broad markets into smaller target segments based on a variety of _____.

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These characteristics can be behavioral, geographic and demographic.

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3 years ago