Answer:
Bad Debts Expense 21,550
To Allowance for Doubtful Accounts 21,550
Explanation:
Before passing the adjusting entry, first we have to determine the adjusted amount which is shown below:
= Ending balance of accounts receivable + debit balance of Allowance for Doubtful Accounts
= $21,000 + $550
= $21,550
Now the adjusting entry would be
Bad debt expense A/c Dr $21,550
To Allowance for doubtful debts $21,550
(Being estimated bad debts is recorded)
You didn't give the options but examples that I found is tools & equipments
Answer:
a. The sale of a good by a foreign supplier in another country at a price below that charged by the supplier in its home market.
Explanation:
In some cases we find dumpers in the an economic environment. There main objective is drive out competitors since they cannot sell below normal selling price.
The sale of good by the foreign supplier in another country below the normal price would create a monopolistic situation as they will be able to control the price and quality of the product.
For example, 10KG of wheat are sold normally for $5 locally in Country A by a supplier firm and are sold the same amount in Country B.
Then the supplier firm from Country A exports to Country B and decides to sell its 10KG of wheat for $2 in the foreign country. This action is called dumping or price dumping.
Answer:
Gain= $63,000
Explanation:
<u>First, we need to calculate the book value:</u>
<u></u>
Book value= purchase price - accumulated depreciation
Book value= 250,000 - 35,000
Book value= 215,000
<u>Now, the gain or loss from the sale:</u>
Gain/loss= selling price - book value - selling expense
Gain/loss= 290,000 - 215,000 - 12,000
Gain= $63,000
Answer:
Th answer is: I would reward the managers of restaurants 1 and 2
Explanation:
In my opinion Marcia should reward the two managers from restaurants 1 and 2 based upon the percentage of sales increase. She could give an X$ bonus to the manager of restaurant 1 as a prize for increasing sales by two percent. Then she could also give the manager of restaurant 2 the same X$ bonus but also give him (or her) a 3% raise.
I wouldn´t take any type of actions regarding the manager of restaurant 3. I would be let him know that I was rewarding the other managers because they performed better than him. I believe that rewards are usually more beneficial than punishments. I also believe people are selfish and greedy, so when manager 3 realizes he lost the opportunity of earning a bonus and a raise due to his poor performance, he will be motivated to work better next year.
