Consumer sentiment suddenly crashes below early-pandemic levels in the US #accelerationism
Answer:
b. $21,000
Explanation:
The accounting treatment for uncollectable accounts under allowance method is: Bad debts expense Debit and Allowance for doubtful accounts credit.
In the Question carried forward balance of Allowance for Doubtful accounts is $7,000 and the current year's allowance for doubtful accounts in total is $28,000.
So the amount for of bad debts expense for the period would be:
<h3>$28,000 - $7,000 = $21,000</h3>
Answer:
C) the inflation rate.
Explanation:
This article is refers to the currency exchange rate between the US dollar, the Japanese yen, and the euro.
Since the US dollar depreciated against the Japanese yen ($1 buys less yens), the price of imported cars increased. Since the US dollar lost value, American exports were cheaper, so they would naturally increase since they would be more attractive to foreign buyers. In the last part it also mentioned the euro and the similarities with the yen.
The Beverage Act is the Answer
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