Answer:
Debit : Allowance for doubtful debts = $2900
Credit : Accounts receivables = $2900
Explanation:
An account for allowance for doubtful debts is a contra account created, predicting that certain debtors will not be able to pay for the goods and services they purchased. This may be based on historical experiences. Doubtful debts aren’t officially uncollectible, it is simply an estimation made, but bad debts are, where you have officially written off a certain accounts receivable as uncollectible.
An allowance for doubtful debts is recorded in the balance sheet, directly under accounts receivables. Bad debts are recorded as an expense in the income statement. When there is an allowance for doubtful debts, the bad debts account is debited and the allowance for doubtful debts account is credited.
According to the question, the balance was $2,200 (Cr) in the allowance for doubtful debts account. The initial expected amount for allowance for doubtful debts was $5100 (Cr). This means that the difference was the amount that was declared as uncollectible and officially written off i.e. bad debts. Thus $2900 ($5100 -$2200) would have been confirmed as bad debts.
The entry to record the above transaction is:
Debit : Allowance for doubtful debts = $2900
Credit : Accounts receivables = $2900
Answer: information-sharing
Explanation: The meeting involves sharing of most recent findings so it illustrates the information-sharing function of meetings. A meeting is describes as an assembly or gathering of people for a purpose. The information-sharing function of meeting describes the exchange of information between attendees about a specific issue and/or information and updates. Since the purpose of this type of meeting is mostly educational or presentational, they have a likelihood of becoming boring and too filled with information. In these instances efforts are made to ensure that the attendees are engaged by providing questions and feedback channels among others.
Answer: Option A
Explanation: The basic organisational structure and several different characteristics prevailing in a business environment together constitutes a market structure. In an oligopolistic there are very few large firms which dominate the market, for example - auto industry.
As firms in the oligopolistic market are very high this results in high concentration in the market. Each firm in this market structure operates in so large scale that actions of one affects the operations of others.
Usually the capital need in such industries is too large making it difficult to entry also the need for several licenses acts as barriers to entry but there is no such thing like NO ENTRY in such industries.
Answer:
d. Rise in price of alcohol
Explanation:
Change in Quantity demanded occurs due to change in Price. Change in Demand happens due to factors other than price - Income, Substitute & Complementary good's price, Taste.
Change in alcohol demand - due to substitute Cigarette price change , Change [Decrease] in alcohol demand - due to change in taste based on anti drinking sentiments, higher risk of alcohol liver cirrhosis , Change [Increase] in alcohol demand - due to change [rise] in Income : These all are due to factors other than price & hence are 'Change in Demand'
Rise in price of Alcohol leads to 'Change [Expansion] in Quantity Demanded' due to price change [rise] .
Answer:
$4,420.35
Explanation:
Bond Price = ![C x [1 - (1 + r)^{-n} / r] + F / (1 + r)^{n}](https://tex.z-dn.net/?f=C%20x%20%5B1%20-%20%281%20%2B%20r%29%5E%7B-n%7D%20%2F%20r%5D%20%2B%20F%20%2F%20%281%20%2B%20r%29%5E%7Bn%7D)
Where:
- C = Coupon
- r = Yield to Maturity
- n = compounding periods to maturity
Now we plug the amounts into the formula =
![Bond Price = $140 x [1 - (1 + 0.034)^{-32} / 0.034] + $5,000 / (1 + 0.034)^{32}](https://tex.z-dn.net/?f=Bond%20Price%20%3D%20%24140%20x%20%5B1%20-%20%281%20%2B%200.034%29%5E%7B-32%7D%20%2F%200.034%5D%20%2B%20%245%2C000%20%2F%20%281%20%2B%200.034%29%5E%7B32%7D)
