Answer:
Dr. Bad Debt Expense $5,470
Cr. Allowance for uncollectible accounts $5,470
Explanation:
The Allowance method requires to recognize the estimated bad debt expense int he period of sale. For this purpose an adjusting entry is made using an estimed percentage value of sales as uncollectible accounts.
Allownace for Uncollectible accounts = $547,000 x 1% = $5,470
So the GDP is one of the primary indicators used to gauge the health of a country's economy.
It represents the total dollar value of all goods and services produced over a specific time period; you can think of it as the size of the economy.
SO with that, you can tell the economic health of an economy.
Policymakers in a bid to keep inflation at a low level can Maintain slow growth in the quantity of money.
This is further explained below.
<h3>Who are Policymakers?</h3>
Generally, The phrase "policymaker" refers to a wide category of individuals who are collectively responsible for the formulation or modification of policy.
At the national level in the United Kingdom, this group consists of Ministers, their advisors, civil officials, formally designated Chief Scientific Advisers and others.
In conclusion, Maintaining a gradual rise in the amount of money is one strategy that policymakers might use to maintain inflation at a manageable level.
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Answer:
understate the impact of a tax for substitutes and overstate the impact for complements.
Explanation:
Partial equillibrum analysis is consideration of only a part of the market to attain equillibrum. It is based on data that has restricted range. For example when the price of one good changes while others are held constant. This does not consider real life scenario that multiple prices are changing.
In this type of analysis there is less emphasis on tax on subsititutes and more for complements. This is because a single product is being considered and compliments share similar demand pattern so they are considered more.
true about your contribution is You have already paid taxes on the money, so it will grow tax-free.
A tax is a compulsory financial burden or another type of levy imposed on taxpayers by a government agency to fund government expenditures and various public expenditures by which a government determines the income, property, and property of a person. It is the amount that you demand to be paid according to its value, etc.
And it is used to pay for what is done by the government. , and to fund investments in serving citizens and businesses.
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