Business, 26.02.2020 02:46 chjfjyjh7026
On December 31, 2016 before adjusting entries, Accounts Receivable for Nickolas 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: The balance of the Allowance for Doubtful Accounts will be $10,000 after adjustment. The balance of the Allowance for Doubtful Accounts will be $22,000 after adjustment. The balance of the Allowance for Doubtful Accounts will be $16,000 after adjustment. Bad Debts Expense for the year will be $22,000.
Answers: 1
Business, 22.06.2019 06:10
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Business, 22.06.2019 11:40
Define the marginal rate of substitution between two goods (x and y). if a consumer’s preferences are given by u(x,y) = x3/4y1/4, compute the consumer’s marginal rate of substitution as a function of x and y. calculate the mrs if the consumer has chosen to consumer 48 units of x and 16 units of y. show your work. (use the back of the page if necessary.
Answers: 3
On December 31, 2016 before adjusting entries, Accounts Receivable for Nickolas Company had a debit...
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