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Lubov Fominskaja [6]
2 years ago
12

True or false: Partnerships are less likely to survive than sole proprietorships. True false question.

Business
1 answer:
Irina-Kira [14]2 years ago
3 0

Answer:

true

Explanation:

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Monty Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $132,800 Allowance for
creativ13 [48]

Answer: The following journal entries apply:

a) Debit Bad debt expense                                    $32,727.6  

  Credit Allowance for doubtful accounts            $32,727.6

b) Debit Bad debt expense                                    $37,017.6  

  Credit Allowance for doubtful accounts            $37,017.6

Explanation: All the sales revenue are on credit to the tune of $806,700, however, there was sales return and allowance of $51,060, which has to be deducted from credit sales to arrive at the net credit sales of $755,640. This amount would be added to the accounts receivable of $132,800 to arrive at the total accounts receivable of $888,440.

a) 4% of $888,440 is $35,537.6. With credit balance of $2,810 in allowance for doubtful accounts, bad debt expense (addition) is $32,727.6  ($35,537.6 - $2,810).

b) 4% of $888,440 is $35,537.6 and there is a debit balance of $1,480 in allowance for doubtful accounts, bad debt expense (to reinstate allowance account to $35,537.6) is $37,017.6 ($35,537.6 + $1,480).

3 0
3 years ago
Which of the following is NOT part of value-chain analysis? (a) product research (b) quality management (c) supply chain managem
andriy [413]

Answer:

c? , supply chain management

7 0
2 years ago
Which of the following scenarios would result in a decrease in the wage rate of solar panel installers and a decrease in the qua
Digiron [165]

Answer:

Wages of solar panel installers increase in another town and attract workers away from Billy's town.

Explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

7 0
3 years ago
Other things the same, when the price level rises, interest rates select one:
laiz [17]
I think its number c, i hope it is
:P

5 0
3 years ago
You decide to implement a new customer loyalty program that rewards customers for shopping in your store. To accomplish this, yo
Vitek1552 [10]

Answer:

a) the development of infrastructure to support enterprise-wide analytics.

Explanation:

Base on the scenario been described in the question, the type of implementation data where house to collected for the betterment of the company, this is an typical of the development of infrastructure to support enterprise wide range of analytic data collection, building of this infrastructure also help them more physical infrastructure. Option a is the correct answer.

6 0
3 years ago
Read 2 more answers
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