Answer:
Dr Bad Debt Expense 16,120
Cr Allowance for Uncollectible Accounts 16,120
Explanation:
Based on the information given we were told that the company provides services of the amount of $255,000 in which the cash collections on the accounts was the amount of $131,000 and 13% of accounts receivable will be uncollectible which means that the adjusting Journal entry for uncollectible accounts on December 31, 2021 will be :
Preparation of the adjusting Journal entry for uncollectible accounts on December 31, 2021.
December 31,2021
Dr Bad Debt Expense 16,120
Cr Allowance for Uncollectible Accounts 16,120
[($255,000-$131,000)*13%]
$124,000*13%
=$16,120
Answer:
Option "3" is the correct answer.
Explanation:
Inelastic demand curve depict when there's no evident increase in demand due to an increase in price.
Suppose there is a decrease in the price of butter.There will be an increase in demand for bread.
<h3>Option (B) is correct</h3>
<u>Explanation:</u>
Bread and butter are complementary goods. They are demanded and consumed together. So their demand are positively correlated which means an increase in demand of one will lead to the same increase the demand of other
If the Price of butter decreases, it will lead to an increase in the demand for butter. With the increasing demand for butter, the demand for bread will automatically increase. Both demands will move in the same direction.
Ritualism is the type of deviance that his behavior illustrates.
What is ritualism in deviance?
Ritualism entails rejecting cultural objectives while routinely accepting the methods for accomplishing them. Retreatism entails rejecting both the cultural objectives and the conventional ways of accomplishing them.
What is the concept of strain theory?
According to strain theories, some stresses or strains make crimes more likely. These strains cause unpleasant feelings like annoyance and rage. Crime is one possible response to these feelings, which put pressure on people to take corrective action.
What does the strain theory argue?
According to the Strain Theory, crime happens when there aren't enough possibilities for people to successfully pursue the standard aspirations of a society. There is a "tension" between the objectives and the methods to achieve them in such a setting, and some people turn to crime to succeed.
Learn more about strain theory: brainly.com/question/14311069
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Answer:
$138,1071
Explanation:
Given that
Net income = $832,500
Growth rate = 15 percent
Growth rate = 12 percent
The computation of the net income after four years is shown below:
Net income after four years = Current year net income × (1 + growth rate)^number of years × (1 + growth rate)^number of years
= $832,500 × (1 + 0.15)^2 × (1 + 0.12)^2
= $138,1071