Answer:
Accounts receivable $361,000 debit
Allowance for uncollectible accounts $560 debit
Net Sales $806,000 credit
0.4% of credit sales are uncollectible = 0.4% x $806,000 = $3,224
adjusting entry:
December 31, 202x
Dr Bad debt expense 3,224
Cr Allowance for doubtful accounts 3,224
Allowance for doubtful accounts is a contra asset account that reduces accounts receivable.
Explanation:
Suppose that in April 2023, policymakers undertake the type of policy that is necessary to bring the economy back to the natural level of output, given the scenario just described. In June 2023, exports decrease because Japan implements trade restrictions on goods. Because of the LAGS associated with implementing monetary and fiscal policy, the impact of the policymakers' stabilization policy will likely to push the economy below the poverty line once the effects of the policy are fully realized.
Because the return on shareholders' equity is based on the book value of equity, analysts often supplement their understanding of the return to shareholders with the no change in return on shareholder Equity, but see other less tangible benefits.
Therefore, Because the return on shareholders' equity is based on the book value of equity, analysts often supplement their understanding of the return to shareholders.
Stockholders' equity is often referred to as the book value of the company and it comes from two main sources.
Analysts means guidance to businesses, government entities and individuals on financial and business decisions.
Tangible refers to the capable of being perceived especially by the sense of touch.
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Answer:
What is "principal"? B. The original money invested
Explanation:
The principal is a term that has several financial meanings. The most commonly used refers to the original sum of money borrowed in a loan or put into an investment.
Answer:
a. Short-term
b. Long-term
c. Long-term
d. Short-term
e. Long-term
Explanation:
a. A worker laid off because of bad weather is unemployed for the short term as he will be employed when the weather gets better.
b. A worker unemployed in an isolated area is likely to remain unemployed for the long term as there may not be many employment opportunities there. He needs to move somewhere else to find a job.
c. A stagecoach worker is most likely to remain unemployed for the long term as the industry he works in is shrinking. He is structurally unemployed. He needs to acquire new skills to get a job in another industry.
d. A short-order cook is unemployed for the short term, he is likely to find a job at another restaurant. He can also get a job at the newly opened restaurant.
e. An expert welder with little formal education is likely to be unemployed for the long term. He does not have adequate training and skills to match up with new technology. He needs to get additional training and skill to find a job.