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iragen [17]
3 years ago
8

A reduction in a provision for doubtful debts is recorded by

Business
1 answer:
Amiraneli [1.4K]3 years ago
7 0

Answer:

A business typically estimates the amount of bad debt based on historical experience

Explanation:

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Crandall Oil has total sales of $1,349,800 and costs of $903,500. Depreciation is $42,700 and the tax rate is 34 percent. The fi
julia-pushkina [17]

Answer:

Operating Cash flow = $309,076

Explanation:

Operating Cash flow

Sales                         = $1,349,800

-Costs                        = $903,500

-Depreciation            = $42,700

Operating Income    = $403,600

-Tax                           = $137,224

Net Income               = $266,376

Operating Cash Flow = Net Income + Non-Cash Expenses – Increase in Working Capital

Operating Cash flow = $266,376 + $42,700 - 0

Operating Cash flow = $309,076

4 0
4 years ago
Magnolia, Inc. has budgeted sales for the first quarter of the next year to be 45,000 units. The inventory on hand at the beginn
ipn [44]

Answer:

Production= 43,000 units

Explanation:

Giving the following information:

Sales= 45,000 units

Beginning inventory= 5,000 units

The desired ending inventory is 3,000 units.

To calculate the budgeted production, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production=  45,000 + 3,000 - 5,000

Production= 43,000 units

4 0
3 years ago
A test plan consists of detailed procedures that specify ____.
Irina18 [472]
<span>I think this would complete the sentence.</span><span>
</span><span>A test plan consists of detailed procedures that specify <u>test equipments.</u>  </span><span>
</span><span> The test plan can lead to the identification of the needed test equipment to successfully implement the test plan. I hope this answered your question.</span>
8 0
3 years ago
One factor that influences demand is a consumer ability to buy a good. What is required for a consumer to have the ability to pu
Zinaida [17]
Motivation
The amount of income
Family members
Needs and interest groups affect and tend to persuade the consumer to buy certain goods
8 0
4 years ago
When the Federal Reserve sells government securities on the open market, what effect does this action have on the nation's
lukranit [14]

Answer:

Money Supply - Decreases / Interest Rates - Increase

Explanation:

Open market sells are contractionary monetary policy measures that aim are reducing inflationary pressures. The Federal reserves undertake monetary policy to achieve stable prices and steady economic growth.

Open market operations involve the Fed selling treasury bills to the banks and other financial institutions. The banks are expected to pay for the treasury bills using customers. Usually, banks issue out the customer deposits to firms, and households are loans. Open market sales results in banks unable to issue out many loans as most of the customer deposits are used to pay for the treasury bills. Banks will have limited cash for loans leading to a decrease in the money supply. Demand for loans exceeds supply resulting in an increase in interest rates.

4 0
4 years ago
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