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AnnZ [28]
3 years ago
7

Delectable, Inc.'s unadjusted trial balance includes Accounts Receivable of $10,000; Allowance for Doubtful Accounts of $50 cred

it balance; and credit sales of $100,000. Based on an aging of its receivable, management estimates that $1,000 of receivables will be uncollectible. Delectable's financial statements will show ______. (Select all that apply.)
Business
1 answer:
Semenov [28]3 years ago
8 0

Answer:

Allowance for Doubtful Accounts of $1000 credit balance and Bad Debt Expense of $950 ($1000- 50 (unadjusted))

Explanation:

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7 0
3 years ago
The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this
Katen [24]

Answer:

Maria spends all of her money on paperback novels and beignets In 2011 she Earned $27 per hour, the price of a paperback novel was $9, and the price of a beignet was $3.

Following give the nominal value of a variable: -

  • The price of a beignet is $3 in 2011
  • Maria's wage is $27 per hour in 2011

Following give the real value of a variable:

  • The price of a paperback novel is 3 beignets in 2011
  • Maria's wage is 9 beignets per hour in 2011.

Suppose that the Fed sharply macaws the money supply between 2011 and 2016 In 2016, Maria's wage has risen to $54 per hour. The price of a paperback novel is $18 and the price of a beignet is $6

In 2016, the relative price of a paperback novel is  3 beignet

Between 2011 and 2016, the nominal value of Maria's wage increases and the real value of her wage remains the same.

Monetary neutrality is the proposition that a change in the money supply affecis nominal variables and does not affecis real variables

7 0
3 years ago
How does Whole Foods help employees fulfill the needs in Maslow’s Hierarchy?
ludmilkaskok [199]

Answer: it would have cost, more money for the employees and about 70% buy at least on whole food per trip. ( so sorry if this does make sense)

Explanation:

7 0
4 years ago
What is true about credit unions?
Basile [38]
I think the answer is d since the first 2 options are true
5 0
3 years ago
During 2018 Belair Company was encountering financial difficulties and seemed likely to default on a $600,000, 10%, four-year no
sdas [7]

Answer:

gain from the debt restructuring = $160,000

Explanation:

given data

principal = $600,000

rate = 10%

settlement = $500,000

to find out

gain from the debt restructuring in  income statement

solution

we get here owed a total that is

owed a total = Principal + Unpaid interest    ...............1

put here value

owed a total = $600,000 + $60,000

owed a total = $660,000

and

gain from the debt restructuring is here as

gain from the debt restructuring = owed a total - settled   .......2

gain from the debt restructuring = $660,000 - $500,000

gain from the debt restructuring = $160,000

5 0
3 years ago
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