Answer:
- 1-a. Complete the Accounts Receivable and Allowance for Doubtful Accounts T-accounts to determine the balance sheet values. Disregard income tax considerations.
Accounts Rec T-Account
$ 306.673 Debit
$ 290.750 Credit
$ 7.059 Credit
$ 8.864 Debit Balance
Allowance for Doubtful Accounts T-Account
$ 7.059 Debit
$ 4.775 Credit
$ 2.284 Debit Balance
- 1-b. Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the income statement for the current year.
$ 4.775 Dr Bad Debt Expense
- 1-c. Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the balance sheet for the current year.
$ 2.284 Dr (Debit) Allowance for Uncollectible Accounts
$ 8.864 Dr (Debit) Accounts Receivable
Explanation:
Dr Accounts Receivable $ 306.673
Cash $ 290.750
Cr Accounts Receivable $ 290.750
Dr Allowance for Uncollectible Accounts $ 7.059
Cr Accounts Receivable $ 7.059
- Bad debt expense adjustment
Dr Bad Debt Expense $ 4.775
Cr Allowance for Uncollectible Accounts $ 4.775
- 1-b. Complete the amounts related to Accounts Receivable and
Bad Debt Expense that would be reported on the INCOME STATEMENT for the current year
Dr Bad Debt Expense $ 4.775
- 1-c. Complete the amounts related to Accounts Receivable and
Bad Debt Expense that would be reported on the BALANCE SHEET for the current year.
Dr Allowance for Uncollectible Accounts $ 2.284
Dr Accounts Receivable $ 8.864
Answer:
Planning
Explanation:
Project planning refers to all you do to set up a successful project. It's the process you're going through to set the steps needed to define your project goals, clarify the scope of what needs to be done and develop the task list to do that.
Answer: Option (D) is correct.
Explanation:
In the labor discipline model, an increase in unemployment will decrease workers’ employment rents and decrease workers’ effort level.
An increase in the unemployment, will shift the bargaining power towards employers. So, they are taking advantage of this situation by reducing the wage rate because they know that workers don't have much options of employment.
Now, employers giving lower wage to the workers, as a result this will discourage workers for giving their full effort to the work.
Answer:
"Business Analysis".
Explanation:
According to my research, new-product development is the complete process that a company goes through in order to bring a new product to the market. Based on the detailed description given within the question, I can say that the Stage being described is called "Business Analysis". This is one of the beginning stages within the development process.
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The right answer is 45 times.
What is the Velocity of Money ?
- The haste of plutocrats is a dimension of the rate at which plutocrats are changed in a frugality.
- It's the number of times that a plutocrat moves from one reality to another.
- It also refers to how much a unit of currency is used in a given period of time.
Number of times each dollar bill is used is the velocity of money denoted by V
Quantity theory of money states MV=PY
where M is money supply, P is price, Y is output and V as stated above velocity of money
We need to find V which is equal to PY/M
Here, M=S1*5000-$5000
P=$75, Y=3000
V = (3000*75)5000
V = 2250005000
V = 45
So, each dollar bill needs to be exchanged 45 times.
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