Answer and Explanation:
The adjusting entry is shown below:
Bad debt expense Dr $2,900 ($5,100 - $2,200)
To Allowance for doubtful accounts $2,900
(Being the bad debt expense is recorded)
Here it debited the bad debt expense as it increased the assets and the allowance for doubtful accounts is credited as it decreased the assets
Also the expense and assets contains normal debit balance
What is most likely to cause a lender to deny credit?
Group of answer choices
Few credit and loan applications
A low debt-to-credit ratio
Missed payments on revolving credit
Variety of credit type used
Answer:
Missed payments on revolving credit
Explanation:
Lenders use credit history and income level to assess the borrower's ability to repay a loan. Missing on installment payments or defaulting on revolving credit payments is indicative of a high-risk borrower. The lender will judge such a customer are highly likely to default on the loan.
Missing installments could communicate an inability to repay due to inadequate income, too many debts, or poor money management. Lenders will reject a loan application from such a borrower due to the high risk of lending to the customer.
The markdown could be a dollar amount or a
Answer:
Percentage of the selling price
Explanation:
Markdown refers to a reduction in the regular selling price of an item. When a trader wants to clear some old inventory or in a sales promotion, they may reduce the regular price to attract more customers. The rate at which the price has been reduced in the markdown.
Markdown can be given in dollar amount. The seller indicates the amount of money that has been knocked off the price. Markdown can also be expressed as a percentage of the regular selling price. In such a case, the new price after the markdown has to be calculated.
When does the price of an item increase?
Answer:
WHEN TAXES GET HIGH
Explanation:
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Answer:
THE PRICE INCREASE when it have cent
Explanation:
2.01 plus taxes
i need help ASAP!!!! Generally, parties of 8 or more require many restaurants to include gratuity of 18% on the check before presenting to the guest. For a party of 12 and a total check in the amount of $191.40, what is the gratuity amount added to the check for this large party?a) $18.00 b)$34.45 c)$43.54 d)$191.40
Answer:
b)$34.45
Explanation:
Gratuity is similar to a service charge.
If the bill is $191.40, and gratitude of 18 percent will be added.
The actual gratitude amount that will be added will be equal to
18% of the $191.40 bill.
=18/100 x $191.40
=0.18 x 191.40
= $34.45
Which of the following most accurately describes the change in average weekly earnings since 1980?
Gradpoint
Answer:
Which of the following most accurately describes the change in average weekly earnings since 1980 Average weekly earnings have risen for college-educated workers only Which of the following workers is likely to earn the highest wage
Only college-educated workers' average weekly incomes have increased is most accurately describes the change in average weekly earnings since 1980.
What is income?Income is the money an individual receives in compensation for his or her work, services, orinvestments, or the money generated by a company's sales of goods and services.
Thus, Only college-educated workers income is increased.
For more details about income, click here
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Kristen, an independent management consultant, is based in Atlanta. During March and April of 2019, she is contracted by a national hardware chain to help implement revised human resource policies in Jackson (Mississippi) temporarily. During this period, Kristen flies to Jackson on Sunday night, spends the week at the district office, and returns home to Atlanta on Friday afternoon. The cost of returning home is $550, and the cost of spending the weekend in Jackson would have been $490.
Answer:
A. $490
B. $490
Explanation:
A. Based on the information given if no reimbursement for the expense the amount she may deduct is the amount of $490 reason been that we were told that she spend the weekend with Jackson in which the cost of spending the weekend in Jackson was $490, Hence $490 will be deducted.
B. Based on the information given my answer in part (a) would NOT change assuming the amounts that was involved were reversed reason been that their is likelihood of her to still deduct the amount of $490 based on the fact that the deduction will be limited to the money that was spent.
Ernst Company purchased equipment that cost $3,000,000 on January 1, 2017. The entire cost was recorded as an expense. The equipment had a nine-year life and a $120,000 residual value. Ernst uses the straight-line method to account for depreciation expense. The error was discovered on December 10, 2019. Ernst is subject to a 40% tax rate.Before the correction was made and before the books were closed on December 31, 2019, retained earnings was understated by1. $1,328,000.2. $1,416,000.3. $1,800,000.4. $1,344,000.
Answer:
2 . $1,416,000.3
Explanation:
Calculation for understated retained earnings
Understated retained earnings=$3,000,000 – [($3,000,000 – $120,000) ÷ 9 × 2] × (1 – .40)
Understated retained earnings=($3,000,000-$640,000) × (1 – .40)
Understated retained earnings=$2,360,000 × (1 – .40)
Understated retained earnings=$2,360,000 ×0.6
Understated retained earnings=$1,416,000
Therefore on December 31, 2019, retained earnings was understated by $1,416,000
Which of the following allows for response tracking most easily?
SETELAH
A. Signage
B. Radio advertising
C. Television advertising
D. Internet advertising
Answer: internet advertising
Explanation:
Consider a product with a daily demand of 400 units, a setup cost per production run of $100, a holding cost per unit of $24.00, and an annual production rate of 292,000 units. The firm operates and experiences demand 365 days per year.
a. What is the Production Order Quantity?
b. What is the max inventory on hand?
c. What is the average inventory?
d. What are the total holding costs?
e. What does it cost to manage the inventory?
Answer:
a 1,560 units
b 780 units
c 390 units
d $18,720
e $9,360
Explanation:
Given that;
Production = 292,000
Daily demand , d = 400
Annual demand , D = 400 × 365 = 146,000
Production rate , P = 292,000 ÷ 365 = 800
Set up cost , Cs = $100
Holding cost , Ch = $24
a. What is the production order quantity
= √2 * D * Cs / CH × (p / p - d)
= √ 2 * 146,000 * 100/24 × (800/800-400)
= √1216666.6667 × 2
= √2433333.3334
= 1559.91
=1,560 units approximated.
b. What is the maximum inventory on hand
= EPQ × [ 1 - (d÷p) ]
= 1,560 × [ 1 - (400 ÷ 800) ]
= 1,560 × 0.5
= 780 units
c. What is the average inventory
= Maximum inventory ÷ 2
= 780 ÷ 2
= 390 units
d. What are the total holding costs
= EOQ/2 * Holding cost
= 1,560/2 * 24
= 780 *24
= $18,720
e. What does it cost to manage the inventory
= Holding cost * (Maximum inventory ÷ 2)
= 24 * (780 ÷ 2)
= 24 * 390
= $9,360
where u going for a vacation
i would go to the first picture it seems like a good day for a swim and have fun with famliy there but the seconed one looks very pretty ^^
Lee starts entering data into the table. He types in the mass of Mercury. Next, he wants to type in the diameter of Mercury.
A 3 column table with 4 rows. Column 1 is labeled Planet with entries Mercury, Venus, Earth, Mars. Column 2 is labeled Mass (10 Superscript 24 Baseline kilograms) with entries .33, blank, blank, blank. Column 3 is labeled Diameter in kilometers with 4 blank entries.
What should he do to get to the appropriate cell?
Answer:
Her weight is lower on Venus because the acceleration due to gravity is lower.
Explanation:
Answer:
press the tab key
Explanation:
edge 21
Which of these options for saving money typically offers the most liquidity?
A. Savings bond
B. Savings account
C. Certificate of deposit
D. Money market account
Answer:savings account
Explanation:
Answer:
B. Savings account
Explanation:
Organizations use marketing research to gather data about _____. (Select all that apply)
their customers
new products they are considering
employees they want to hire
their customers’ preferences
Answer:
b and d
Explanation:
because i know
What is the journal entry for “bought good for cash from m/s rupa traders”
Answer:
see below
Explanation:
The action of buying goods from r/s rupa increase inventory/purchases ( asset account) and reduces cash( asset) in the business.
An increase in assets account is debited, while a decrease is credited. The journal entry will be
Purchases a/c Dr
Cash a/c Cr
A tariff is a trade barrier that:
Answer:
A: prevents trade with a single country
:)
Explanation:
