Business, 05.07.2020 14:01 estherdinhllama
On December 31, 2019 before adjusting entries, Accounts Receivable for California Company had a debit balance of $200,000, and the Allowance for Doubtful Accounts had a credit balance of $6,000. Credit sales for the year were $1,600,000. If credit losses are estimated at 1% of credit sales:. A. The balance of the Allowance for Doubtful Accounts will be $10,000 after adjustment. B. The balance of the Allowance for Doubtful Accounts will be $22,000 after adjustment. C. The balance of the Allowance for Doubtful Accounts will be $16,000 after adjustment. D. Bad Debts Expense for the year will be $22,000.
Answers: 3
Business, 21.06.2019 19:50
Which of the following best describes the economic effect that results when the government increases interest rates and restricts the lending of money? a. borrowing money becomes more expensive and there is less investment in production. b. the economy grows as investments result in larger profits. c. government spending drives up prices because of greater competition for goods and services. d. consumers save more money and spend less buying goods and services.
Answers: 2
Business, 22.06.2019 09:30
Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. question 1 options: true false
Answers: 1
Business, 22.06.2019 19:10
After the price floor is instituted, the chairman of productions office buys up any barrels of gosum berries that the producers are not able to sell. with the price floor, the producers sell 300 barrels per month to consumers, but the producers, at this high price floor, produce 700 barrels per month. how much producer surplus is created with the price floor? show your calculations.
Answers: 2
On December 31, 2019 before adjusting entries, Accounts Receivable for California Company had a debi...
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