Delectable, Inc.'s unadjusted trial balance includes Accounts Receivable of $10,000; Allowance for Doubtful Accounts of $50 credit balance; and credit sales of $100,000. Based on an aging of its receivable, management estimates that $1,000 of receivables will be uncollectible. Delectable's financial statements will show ______. (Select all that apply.)
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Answer:
Allowance for Doubtful Accounts of $1000 credit balance and Bad Debt Expense of $950 ($1000- 50 (unadjusted))
Explanation:
Delectable, Inc.'s unadjusted trial balance contains $10,000 in accounts receivable, $50 in allowance for doubtful accounts, and $100,000 in credit sales. Management predicts that $1,000 of receivables will be uncollectible due to aging. The financial statements for Delectable will indicate
Allowance for Doubtful Accounts of $1000 Bad Debt Expense of $950 Thus, option (b) and (e) is correct. What is Management?The term “management” refers to the act of managing. The management of the business activities. Management is the basis of art, science, and the profession. Management are they manage the organization. Management are based of the different functions are the step by step.
According to the management credit balance of $1000 and the Allowance for Doubtful Accounts of (1000-50)
Journal Entry Debit Credit
Bad Debts expenses 950
Allowance for Doubtful Accounts 950
Therefore, option (b) and (e) is correct.
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Related Questions
the best way for federal reserve board officials to help boost a stagnant economy is to
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The most beneficial way for the Federal reserve board officials to help boost such economy is to lower interest rates so that the banks can provide more loans at cheaper rates to individuals and businesses.
The federal reserve board officials are nominated by the President and Senate to oversee the activities of the federal reserve.
Typically, the stagnant economy is characteristic by increasing interest rate which will discourage borrowing from bank.However, if the officials lower the interest rate for bank, it will encourage more provision of loans to borrowers.Therefore, the most beneficial way is to lower interest rates so that the banks can provide more loans at cheaper rates to individuals and businesses.
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Paul Mason's firm sells medical equipment to heart surgeons. The company fields a direct sales force that travels the country demonstrating its equipment to heart surgeons and hospital administrators. Recently, Paul's company started producing equipment for eye surgeons, partly to maximize the value of his sales force, which can now call on both heart surgeons and eye surgeons when it makes hospital visits. Paul's firm is attempting to capture economies of ________ through this strategy.
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Answer:
scope
Explanation:
Taxes assessed on which single industry form a significant source of income for the state and add an element of unpredictability when projecting future revenues
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Considering the macroeconomic analysis, Taxes assessed on the Petroleum or Oil industry form a significant source of income for the state and add an element of unpredictability when projecting future revenues.
This is because the petroleum industry is known for its high generating revenue, which has become a significant export for many countries worldwide.
Some countries that rely on petroleum or oil industry include OPEC countries, Russia, Brunei, etc.
However, given that many technologies are trying to move away from Petroleum energy, and due to its non-renewable nature, the revenue from the Petroleum industry is considered unpredictable.
Hence, in this case, it is concluded that the correct answer is Petroleum Industry.
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When cash from operating activities is presented using the indirect method, net income must be adjusted for increases and decreases in balance sheet accounts that relate to
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The name which is given to the process where cash from operating activities is presented using the indirect method and the net income must be balanced is:
Indirect Cash Flow MethodAccording to the given question, we are asked to state the name which is given to the process where cash from operating activities is presented using the indirect method and the net income must be balanced.
As a result of this, we can see that this is called Indirect Cash Flow Method because here, the cash flow can be deduced by checking and making some calculations on the net income from the transactions which were not done in cash.
Therefore, the correct answer is Indirect Cash Flow Method
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During the ________ stage of system development, systems tests are evaluated by users and reviewed by management.
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Answer:
acceptance testing
Explanation:
the starting point for preparing the operating activities section using the indirect method is ______.
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Organizations often have different operations. The starting point for preparing the operating activities section using the indirect method is Net income.
Net income is simply known to be the gross profit and removing all other expenses, costs and any other income and revenue sources that are not included in gross income.
A lot of other costs is often removed from gross to make it be at net income. They include interest on debt, taxes, and operating expenses or overhead costs.
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why do we need to suffer from taxes
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Answer:
because it is very important so we can know the answere
Can someone please read this and tell me if it sounds good so far, thanks!
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Answer:
I think It sounds great! just make sure to check for punctuation and any run-on sentences :)
Explanation:
Oreo cookies are now extremely expensive to purchase. Instead of buying oreo cookies, i now want to buy chips ahoy. What determinant of demand does this likely fall under?.
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In economics, the determinant of demand that this scenario fall under , when you go for chips ahoy because Oreo cookies are now extremely expensive is Change in Price of Substitute Good.
What is Substitute Good?
A substitute good can be regarded as product or service that is been used as alternative for other goods.
It should be When the price of a substitute good rise, then demand for the other substitute as well will rise.
This is referred to as positive cross price elasticity.Learn more about substitute good at:
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Country Kelani has I = $200 billion, S = $400 billion, and purchased $600 billion of foreign assets, how many of its assets did foreigners purchase?
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Answer:
$400 billion
Explanation:
options:
A) $0 billion
B)$1,200 billion
C) $200 billion
D) $400 billion
D) $400 billion is correct answer
(Hope this helps can I pls have brainlist (crown)☺️)
would burger king hamburgers or lady gaga mp3s have a deadweight loss smaller relative to the total surplus in its market?
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Competition do exist between firms. For Burger King hamburgers, I will expect deadweight loss to be smaller relative to the total surplus in its market. This is because the less differentiated products are known to be more difficult to sustain its inefficient prices and the much smaller deadweight loss it has.
Burgers are known to be less differentiated product and it need to advertise so as to convince consumers that they should have one burger over another.Consumers are said to be more indifferent about fast-food. The entry of new firms affects profits by forcing business rivals to compete.
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Suppose the customer data analysis software used by ABC Bank is significantly changed, and its documentation is therefore revised, but no new features are added. This type of maintenance is called a _____.
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Based on the information given this type of maintenance is called a maintenance release.
A maintenance release is a release which help to make correction on security issues such as threat or vulnerability without modifying or adding new features to the software.
Maintenance release help to fix or repair programming errors that occur during the software life cycle stage or programming error that occur due to mistake during the requirement stage validating process.
Software that are released often undergo a maintenance release so as detect and fix any error or bug that was detected.
Inconclusion this type of maintenance is called a maintenance release.
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A partner's self-employment earnings (loss) may be affected by her share of ordinary business income (loss) and any guaranteed payments she receives. The impact of these amounts typically depends on the status of the partner. Which of the following statements correctly describes the effect these items have on the partner's self-employment earnings (loss)?A) General partner - only guaranteed payments affect self-employment earnings (loss).B) General partner - ordinary business income (loss) and guaranteed payments affect self-employment earnings (loss).C) Limited partner - only guaranteed payments affect self-employment earnings (loss).D) Limited partner - only ordinary business income (loss) affects self-employment income (loss).E) Both General partner - ordinary business income (loss) and guaranteed payments affect self-employment earnings (loss) and Limited partner - only guaranteed payments affect self-employment earnings (loss).
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There are different form of partnership. The statements that correctly describes the effect these items have on the partner's self-employment earnings (loss) is given below;
Both General partner - ordinary business income (loss) and guaranteed payments affect self-employment earnings (loss) and Limited partner - only guaranteed payments affect self-employment earnings (loss).A general partner is known to be a type of owner of a partnership and they are said to either be a managing partner or active in the daily operations of the firm.
General partners are mandated to include any guaranteed payments they get and their share of ordinary business income (loss) in their self-employment earnings (loss).
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Differentiate between equity financing and debt financing?
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Answer:
When a business wants to obtain cash, it has two options for financing: equity financing and debt financing. Equity financing is the most common kind of financing accessible to companies. Debt financing refers to the borrowing of money, while equity financing refers to the sale of a piece of the company's stock.
Explanation:
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A company's biggest vulnerability in employing a best-cost provider strategy
A. relying too heavily on outsourcing.
B. getting squeezed between the strategies of firms employing low-cost provider and high-end differentiation strategies.
C. getting trapped in a price war with low-cost leaders.
D. being too timid in cutting its prices far enough below high-end differentiators many of their customers.
E. not having a sustainable distinctive competence in cost reduction.
Answers
Answer:
B - Getting squeezed between the strategies of firms employing low-cost provider and high-end differentiation strategies.
Explanation:
A company's biggest vulnerability in employing a best-cost provider strategy, getting squeezed between the strategies of firms employing low-cost provider and high-end differentiation strategies. Thus, option (b) is correct.
What is strategy?The term strategy refers to the plan for the company growth. The market are the based of the so many companies are the different company are the different strategy. The strategy is the measure, the following the points are the related to the advantages and the disadvantages of the plan. The perfect strategy is the perfect advantage.
It was the company's biggest strategy was the vulnerability in employing a best-cost provider of the low cost of the provider are the best strategy to the high-end differentiation strategies. There are the firms the low cost are the more profit. The strategy are in the perfectly to the implement.
As a result, a company's biggest vulnerability in employing a best-cost provider strategy getting squeezed between the strategies of firms employing low-cost provider and high-end differentiation strategies. Therefore, option (b) is correct.
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What is globalization in business.
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Answer:
the increase in the flow of goods, services, capital, people, and ideas across international boundaries.
Craig Conway is CEO of a software design company named PeopleSoft, a company that has automated many human resource functions such as tracking vacation time. Conway operates at the __________ level of his organization.
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The level at which Conway operates at his organization is called the Corporate Level.
Corporate Level strategy means the top hierarchy approach for administering and directing the entire activities of the organization
Here, Craig Conway is the CEO which is a top-hierarchy for his company. Any operation planned, administered and directed from his position in the organization means he is operating at the Corporate Level
Therefore, the level at which Conway operates at his organization is called the Corporate Level.
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what importance does the stationery and information sources play in the effective and efficient Operation of an organization?
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Based on the organizational activities model, the importance of stationery and information sources in the effective and efficient operation of an organization includes "the source of quality and quantity data on the production input."
Some other importance of stationery and information sources in the effective and efficient operation of an organization includes the following:
It serves as the place to gather data about the strengths and weaknesses of the firms.It is also the source to gather the information opportunities and threats of the organizations.It is also a source of keeping records of finance, employees, success, and failures of the firms.Hence, in this case, it is concluded that the stationery and information sources in an organization are vital to its success.
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Explain why most trade occurs because of comparative advantage. Be sure to provide examples from the data tables or from the lesson to support your answer.
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Most trade is due to the comparative advantage of an organization's ability to produce a good or service with lower marginal cost and opportunity cost.
As an example, we can cite trade between Africa and the United States, where Africa markets agricultural products such as corn and citrus to the US, and the US markets technological products such as computers to Africa.
Therefore, companies will use comparative advantage to acquire goods and services at lower prices than other competitors.
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a competitive firm’s short-run supply curve is its ________ cost curve above its ________ cost curve.
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Answer:
marginal and average total
Explanation:
A competitive firm's short run supply curve is the portion of its marginal cost curve that lies above its average total cost curve.
A collective good offers particularized benefits while private goods are broadly distributed. True False
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9. Describe some research strategies implemented by economists to prove the existence of labor market discrimination based on race.
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Answer:
Explanation:
I
n this article, we discuss the theory and evidence on discrimination in two
key domains—the labor market and the criminal justice system—from an
economic perspective. We define discrimination as treating someone differently based on characteristics such as gender, race, or religion. Prejudice may lead
to discrimination, but only if you act on it. Moreover, discrimination by individuals
does not necessarily lead to discrimination at a market or societal level. We focus
primarily on discrimination against blacks, although many of the concepts l assessment of a nonrepresentative
sample, as when an employer ascribes differences in an earlier job applicants pool
to a current one even though the applicant population has changed.
The canonical Becker ([1957] 1971) model of employer discrimination suggests
that market forces push back against taste-based discrimination, because prejudiced
employers will pay more for (or hire less qualified) preferred race workers, thereby
decreasing profits. Consequently, in a basic model, competition from nondiscriminating firms drives discriminators from the market until wage
In which situation may completion of an approved refresher course or 120 hours of continuing education most likely be required
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A practicing nurse who allowed her license to lapse about 7 years ago because of family raising may be required to complete an approved refresher course or 120 hours of continuing education.
A nurse can opt to let their medical license lapse if they want to raise a family since they need to give a full attention.
However, the nurse can obtain new license by completing an approved refresher course or 120 hours of continuing education.Read more about this here
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Which sales tactic offers potential customers the opportunity to try a product or service before they make a buying decision
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Which department of the U.S. federal government was budgeted to spend over $582 billion on goods and services in fiscal year 2017, making it one of the largest B2B spenders in the country
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Do you think the united states should adopt information-control regulations similar to britain's official secrets act? explain why or why not.
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Answer:
no they should ent
what is the child abuse prevention hotline number
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The blue curve on the following graph represents the demand curve facing a firm that can set its own prices.
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From the graph analyzed in the question, the price will be $100 per unit while the quantity demanded will be 10 units.
From the complete question, the marginal revenue of the fourth unit that is produced will be:
= (160 × $4) - (170 × $3)
= $640 - $510
= $130
The marginal revenue of the eighth unit will be:
= (120 × 8) - (130 × 7)
= 960 - 910.
= $50
Therefore, the marginal revenue of the eighth unit is $50.
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How is federal income tax calculated on a paycheck.
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Answer:
Multiplying taxable gross wages by the number of pay periods per year to compute your annual wage.
Explanation:
Can someone please reading this and tell me if it sounds good so far, thanks!
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It actually isn't bad; I would take out the freshman year sentence though.