Given:
<span>accounts receivable of $244,000
allowance for uncollectible accounts of $1,350 (credit)
1% of the accounts receivable should be the value of the allowance for uncollectible accounts.
244,000 x 1% = 2,440
2,440 - 1,350 = 1,090
Adjusting entry:
Debit Credit
Bad Debt Expense 1,090
Allowance for uncollectible accounts 1,090</span>
Answer: a. The listing agreement they will use
b) Ted's office policy regarding intermediary brokerage
c) Ted's office policy regarding commission splits with "other" brokers
Explanation:
Apart from the fact that the statutory written statement regarding the brokerage services will be presented, it is appropriate for Ted to discuss the following with the sellers.
• The listing agreement they will use
• Ted's office policy regarding intermediary brokerage
• Ted's office policy regarding commission splits with "other" brokers.
These are needed to ensure that both the sellers and the buyer understands each other's stand and the agreement that are in place to ensure a smooth transaction.
Answer:
Change in M1 $400
Changd in M2 $0
Explanation:
The money which is been held by individuals in savings accounts is part of the M2 money supply, but its not part ofthe M1 money supply.
Hence when Jane withdraws $400 cash from her savings account,the M1 money supply will increases by $400. However, the M2 money supply does not tend to change reason been that the M1 money supply is included as part of the M2 money
Change in M1 $400
Changd in M2 $0
Answer:
C
Explanation:
Trade off can be expressed in terms of opportunity cost.
Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.
Kyoko has limited time so she has to choose between three activities. If she chooses one sport, she would not be able to partake in the other activities. So, she is trading off biking or running for swimming.
Trade off occurs because resources are limited and wants are unlimited.
Every individual or business wants to make profit this is done by providing goods and services that satisfy people's needs and wants.
<h3>What is a business?</h3>
A business is an organization that aims at making a profit by providing goods and services that are desired by individuals also known as customers.
Business meets a need and gets profit in return.
Therefore, A Business is defined as trying to earn a profit by providing goods and services that satisfy people's needs and wants.
learn more on business here
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