The country panjim has been growing at the rate of 8 percent annually following a series of economic reforms. adelphia, a neighboring country, is also growing rapidly, but at a rate that is slightly lower than panjim's. elaine mack and prisca baresi, who live in adelphia, are discussing whether adelphia's economy will surpass panjim soon. elaine is of the opinion that the high level of sales of capital goods indicates that growth in adelphia will only increase further. prisca however reminds elaine that the working population in adelphia is shrinking, which will actually reduce its growth prospects. which of the following, if true, will weaken prisca's view that adelphia does not have good growth prospects?
a. although inequality in adelphia has fallen, the number of people under the poverty line has not reduced significantly
b. nominal wages in adelphia increased by a smaller proportion than the increase in prices.
c. adelphia is highly dependent on the import of oil and food grains
d. the number of highly-skilled workers migrating from adelphia to foreign countries has fallen.
e. compared to adelphia, panjim, is better endowed with natural resources.

The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense. accounts receivable $ 435,000 debit allowance for doubtful accounts 1,250 debit net sales 2,100,000 credit all sales are made on credit. based on past experience, the company estimates 1.0% of credit sales to be uncollectible. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

Bridgeport company began operations at the beginning of 2018. the following information pertains to this company. 1. pretax financial income for 2018 is $115,000. 2. the tax rate enacted for 2018 and future years is 40%. 3. differences between the 2018 income statement and tax return are listed below: (a) warranty expense accrued for financial reporting purposes amounts to $7,500. warranty deductions per the tax return amount to $2,200. (b) gross profit on construction contracts using the percentage-of-completion method per books amounts to $94,700. gross profit on construction contracts for tax purposes amounts to $67,100. (c) depreciation of property, plant, and equipment for financial reporting purposes amounts to $61,800. depreciation of these assets amounts to $75,700 for the tax return. (d) a $3,600 fine paid for violation of pollution laws was deducted in computing pretax financial income. (e) interest revenue recognized on an investment in tax-exempt municipal bonds amounts to $1,500. 4. taxable income is expected for the next few years. (assume (a) is short-term in nature; assume (b) and (c) are long-term in nature.) (a) prepare the reconciliation schedule for 2017 and future years. (b) prepare the journal entry to record income tax expense for 2017. (c) prepare the income tax expense section of the income statement beginning with “income before income taxes.” (d) determine how the deferred taxes will appear on the balance sheet at the end of 2017.

Dan wants to start a supermarket in his hometown, and wants to get into the business only after finding out about the market and how successful his business might be. the best way for dan to gain knowledge is to: