All categories

3 years ago

Someone please help !!

Business

1 answer:

alexira [117]3 years ago

7 0

Answer:

aph development continues with an expression of the rationale or the explanation that the writer gives for how the reader should interpret the information presented in the idea statement or topic sentence of the paragraph. The writer explains his/her thinking about the main topic, idea, or focus of the paragrap

Explanation:

You might be interested in

Facial cosmetics provides plastic surgery primarily to hide the appearance of the appearance of unwanted scars and other blemish

Gala2k [10]

Answer:

1.Alllowance for uncollectible accounts 2,400

2.Dr Bad Debt Expense 2700

Cr Allowance for Doubtful Account 2700

3.Dr Allowance for Doubtful account 400

Cr Accounts receivable 400

4) Dr Cash 100

Cr Allowance for Doubtful account 100

Explanation:

Calculation of the allowance for uncollectible accounts

Using this formula

Alllowance for uncollectible accounts=(Not Yet Due)+(0-30 days past due)+(30-60 days past due)+(More than 60 days pst due)

Let plug in the formula

Alllowance for uncollectible accounts=

(30,000 *2% )+ (10,000* 5%) + (7,000* 10 %)+(3,000* 20% )

Alllowance for uncollectible accounts =600+500+700+600

Alllowance for uncollectible accounts = 2,400

2)Record of the he December 31, 2018 adjusting entry

300 debit balance+ 2,400

=2,700 Adjustment

Dr Bad Debt Expense 2,700

Cr Allowance for Doubtful Account 2 700

3) Journal entry to record the write off.

Dr Allowance for Doubtful account 400

Cr Accounts receivable 400

4) Journal entry to Record the cash collection

Dr Cash 100

Cr Allowance for Doubtful account 100

7 0

4 years ago

In the first half of June 2008 the effects of a housing and financial crisis and an increase in world prices of oil and foodstuf

Vikentia [17]

Answer:

The answer is option A) In the short-run the effects of the housing and financial crises raise both inflation and the unemployment rate.

Explanation:

Deregulation in the financial industry was the primary cause of the 2008 financial crash and an increase in world prices of oil and foodstuffs were affecting the economy.

The financial crisis permitted banks to engage in hedge fund trading with derivatives and when the values of the derivatives crumbled, banks stopped lending to each other.

It allowed speculation on derivatives backed by cheap and improper issuance of mortgages, available to even those with questionable creditworthiness.

In the short-run the effects of the housing and financial crises of 2008 raised both inflation and the unemployment rate.

8 0

3 years ago

Majid Corporation sells a product for $195 per unit. The product's current sales are 42,300 units and its break-even sales are 3

evablogger [386]

Answer:

$1,389,375

Explanation:

Data provided as per the question:-

Product per unit = $195

Current sales = 42,300 units

Break-even sales = 35,175 units

The computation of margin of safety in dollars is shown below:-

Margin of safety (in units) = Total sales - Break-even sales

= 42,300 - 35,175

=7,125 units

Margin of safety (in dollars) = Margin of safety × Product per unit

=(7,125 × $195)

= $1,389,375

5 0

3 years ago

Picabo borrows $1000. To repay the amount, she makes 12 equal monthly payments of $93.12. Determine the following: a)The effecti

FromTheMoon [43]

Answer:

Effective monthly interest rate = 0.982%

Nominal annual interest rate = 11.74 %

Effective annual interest rate = 11.78%

Explanation:

A = P*(1 + r/100)ⁿ

Where n is time period in years, and r is the yearly interest rate

12*93.12 = 1000*(1 + 0.01r)¹

1117.44/1000 = 1 + 0.01r

1.1174 = 1 + 0.01r

0.01r = 1.1174 - 1

r = 0.1174/0.01 = 11.74 %

Nominal annual interest rate = 11.74 %

Monthy interest rate = annual interest rate/months in a year

Monthy interest rate = 11.74/12

Nominal monthy interest rate = 0.978%

Effective monthly interest rate = (1 + monthly interest rate/12)¹² - 1

Effective monthly interest rate = (1 + 0.00978/12)¹² - 1

Effective monthly interest rate = (1.000815)¹² - 1

Effective monthly interest rate = 1.00982 - 1

Effective monthly interest rate = 0.982%

Effective annual interest rate = Effective monthly interest*months in a year

Effective annual interest rate = 0.982*12

Effective annual interest rate = 11.78%

4 0

3 years ago

Describe the three objectives that guide pricing strategies. Which of these objectives is associated with a (1) skimming pricing

Rashid [163]

Answer:

The answer is below

Explanation:

The three objectives that guide pricing strategies for business owners are:

1. Ensuring the product is accepted

2. maintaining market share as the competition grows

3. Reaping profits.

Among these three objectives, the one that is associated with a

1. slSkimming pricing policy is "Reaping Profits." This is because skimming pricing policy is means of charging higher prices on the commodities at an early stage, and then reduce the prices later in the production life.

2) Penetration policy is "Ensuring the product is accepted." This is because Penetration policy is a means of charging lower prices on the commodities at the early stage of production, and then increase the prices later in the production life.

3 0

3 years ago