Kingbird, inc. uses the percentage-of-receivables basis to record bad debt expense and concludes that 3% of accounts receivable will become uncollectible. accounts receivable are $429,500 at the end of the year, and the allowance for doubtful accounts has a credit balance of $2,950. (a) prepare the adjusting journal entry to record bad debt expense for the year. (b) if the allowance for doubtful accounts had a debit balance of $870 instead of a credit balance of $2,950, prepare the adjusting journal entry for bad debt expense. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (a) enter an account title enter a debit amount enter a credit amount enter an account title
Answers: 2
Business, 22.06.2019 01:40
Suppose general motors demands labor according to the labor demand function ν€ν€= 40β0. 5νΈνΈ, where ν€ν€ is the hourly wage and νΈνΈ is the number of employees. the united auto workers union has a utility function given by νν=ννβνΈνΈ. a.in 1984, the united auto workers union started negotiations with general motors by assuming that they were a monopoly union. find the wage and employment demands that the united auto workers union would have demanded before any bargaining began. b.if general motors and the united auto workers union both had excellent bargaining representatives, would this be the final labor contract? if not, then explain in words and graphically where they would end up after the bargaining process.
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Business, 22.06.2019 04:00
Last week paul, ceo of quality furniture in south carolina, traveled to europe to visit customers. while overseas, paul checked his e-mail daily and showed his company's website to customers, explaining how the website will them place orders and receive merchandise more quickly. after visiting the last customer friday morning, paul was able to return to the corporate office in south carolina to meet with his board of directors that night. is the "shrinking" of time and space with air travel and electronic media.
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Business, 22.06.2019 08:00
In addition to using the icons to adjust page margins, a user can also use
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Business, 22.06.2019 13:20
Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?
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Kingbird, inc. uses the percentage-of-receivables basis to record bad debt expense and concludes tha...
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