Answer:
The bad debts expense for 2015 would be $ 28,000
Explanation:
The balance of the allowance for doubtful account should be equal to the amount estimated to be uncollectible based on the ageing analysis
Estimated uncollectible account $ 31,000
Allowance for doubtful accounts prior to adjustment <u>$ 3,000</u>
Bad debts expense for the year to be recorded <u> $ 28,000</u>
The accounting entry to record this is as follows:
Bad debts expense Debit $ 28,000
Allowance for uncollectible accounts Credit $ 28,000
I think it'd be E. I hope that helps!
Consumers are most likely to find the best prices in an oligopoly
The reason why hosa require students to joint through local chapter instead of joining as individuals is :
Hosa activities are so closely connected with the school curriculum,
And this curriculum usually more compatible if it's carried out in groups.
Answer:
The amount of tax on a case of Cola is ;
= Selling price - Producer gain
= 6 - 2
= $4
The burden that falls on consumers is;
= Current selling price - Previous selling price
= 6 - 5
= $1
The burden that falls on the producers is;
= Selling price less consumer tax - Producer gain
= 5 - 2
= $3
The effect of the tax on the quantity sold would have been larger if the tax had been levied on producers. <u>FALSE. </u>
Whether the tax is on the producer or on the consumer makes no difference because the quantity sold will be the same. The statement is therefore false.
