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8090 [49]
3 years ago
14

The American Community Survey (ACS) is an ongoing nationwide survey conducted by the United States Census Bureau. The ACS provid

es data on income levels classified by race, gender, educational attainment, employment status and housing characteristics, among other categories. This data is used by many organizations, both public and private, to allocate funds and assess the changing conditions in local communities. - for part-time workers than they are for According to the ACS, poverty rates in the United States are full-time workers. According to the ACS, poverty rates in the United States are for black individuals than they are for white individuals Suppose that the least expensive plan with which a family of four can provide itself a nutritionally balanced meal plan in 1963 is $932. Given this information, what is the poverty threshold in 1963 for a family of four? poverty threshold: $
Business
1 answer:
riadik2000 [5.3K]3 years ago
6 0

Answer:

<em>According to the ACS, poverty rates in the United States are</em><em><u> </u></em><em><u>higher </u></em><em>for part-time workers than they are for full-time workers. </em>

Full-time workers earn more money than part-time workers and the stability of their jobs allows them better chances at getting credit which further reduces their poverty rates as opposed to part-time workers.

<em>According to the ACS, poverty rates in the United States are </em><u><em>higher</em></u><em> for black individuals than they are for white individuals.</em>

Data shows that Black Americans suffer higher poverty rates than White Americans due to various sociodemographic factors chief amongst them, the decades of disenfranchisement imposed on them.

<em>Poverty threshold for a family of four in 1963: </em><em><u>$932.</u></em>

Poverty threshold is defined as the minimum amount that is adequate for living on by people in a certain country.

If the least expensive plan a family of four can use costs $932, then that is the poverty threshold.

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kkurt [141]

Answer:

Net Zero Products

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Debit Bad Debt Expense $1,700

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Total (days)                          0        1 to 30     31 to 60     61 to 90     above 90

Accounts receivable $171,000   $96,000   $34,000     $15,000     $12,000

Percent uncollectible                      1%            4%                 6%            9%

Allowance for doubtful     0          $960        $1,360         $900        $1,080

Total allowance for doubtful = $4,300 (960 + 1,360 + 900 + 1,080)

b) The adjustment in the Allowance for Doubtful Accounts needed for the current period is $1,700 ($4,300 - $2,600).  This amount will be debited to the Bad Debts Expense account and credited to the Allowance for Doubtful Accounts.  It will bring the total for the Allowance for Doubtful Accounts to $4,300 from $2,600.

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nikdorinn [45]

Answer:

e. Depression

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