Explanation:
Compare and Contrast ->
Roles of the federal government -> Promoter & Regulator of industrial growth
U.S.Government => Promoter & Regulator of industrial growth
Pacific Railway Act (1862)-They have been granted 20 square miles of land per 1 mile of the track laid down. It strongly encouraged the construction of transcontinental railway lines, contributing to five different transcontinental roads: Union Pacific RR, Central Pacific RR, South Pacific RR, North Pacific RR and the Great North. The Grants Act of Morrill Land (1862)-gave state free land.
U.S.Government => Roles of the federal government
Sherman Antitrust Act (1890)The purpose was to promote economic competition through the regulation of shares, cartels and monopolies. It was very uncompromisingly applied Interstate Trade Act (1887). It also prohibits discrimination against shippers and pays more on the same train for shorter routes than for longer routes.
Thesis:
In the 19th Century and in themid-19th Century, the government of the United States was much more a proponent of industrialisation then an industrialisation regulator than a regulator.
In the year 1862, for instance, congress took place on the Pacific Railway Act, which gave the railway lines 20 acres per mile. This eventually culminated in five transcontinental trains: Union Pacific Railways, Central Pacific Railways, North American Railways, South Pacific Railways, and the Great North.In end, this resulted in the creation of booming towns in the west, encouraging manufacturers to relocate to their inhabitants and enabling businesses to sell their products to remote locations that were once hard to reach. Congress also enacted Morrill's 1861 Tariff Act which substituted for a higher tariff for the limited import tariff inserted in 1816. This shielded businesses from foreign competitors and increased their profits so that they could increase their power. The US government in general has been a more aggressive manufacturing supporter.
Answer:
journal entries
Write-off
Debit Bad Debts expense $11,000 Credit Accounts receivable $11,000
Recovery
Debit Bank $1,800 Credit Bad Debt Recovered income $1,800
Allowance for Doubtful debt Adjustment
Debit Allowance for doubtful debt Adjustment $4,000 Credit Allowance for doubtful debt $4,000
Explanation:
Write-off
The write-off creates an expense (bad debt) and and decreases an asset ( Accounts receivable)
Recovery
Since the amount has been written off as bad, when it is recovered it is no longer recognized as a payment on accounts receivable but an income the entity thought was lost.
Allowance for doubtful debt adjustment
The differences in the opening balance and closing balance either creates an expense or an income adjustment. These estimates are on net Accounts receivables ( after bad debts) are a negative assets.
19000 - 15000 = 4000(increase) adjustment and is an expense.
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
The answer is: "be wiling to drive across town to save 10 percent on a guitar with a list price of $320".
Explanation:
As Micheal is willing to drive across town to save $32 on the sweat shirt ( calculated as list price x discount = $80 x 40%), it means that the total cost he incurred, including the income earning he sacrifices because of the time of travelling, the fuel, parking expenses and other costs..., should not be as much as $32.
So, he will be willing to drive across town to buy things as long as it save him $32 or above.
Thus, the choice "be wiling to drive across town to save 10 percent on a guitar with a list price of $320" is correct because he can save $32 (320 x 10%).
------
The choice: "not be wiling to drive across town to save 40 percent on a microwave with a list price of $200" is not correct because he can save up to $80 ( 200 x 40%) which is above his total cost.
The choice:" be wiling to dive across town to save 40 percent on a book with a list price of $30" is not correct because he can only save only $12.
The choice: "not be wiling to dive across town to save $35 on a shirt with a list price of $70" is not correct because he can save up to $35.
