The following information is available for Murphy Company:
Allowance for doubtful accounts at December 31, 2016 $ 24,000
Credit sales during 2017 1,200,000
Accounts receivable deemed worthless and written off during 2017 27,000
As a result of a review and aging of accounts receivable in early January 2018, it has been determined that an allowance for doubtful accounts of $16,000 is needed at December 31, 2017. What amount should Murphy record as "bad debt expense" for the year ended December 31, 2017?
a. $13,000
b. $16,000
c. $19,000
d. $40,000

Use the following information for questions 104 and 105.
A trial balance before adjustments included the following:
Debit Credit
Sales $1,700,000
Sales returns and allowance $56,000
Accounts receivable 172,000
Allowance for doubtful accounts 3,040

i would say a penny hope it you

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

answer decisions made by individual households and firms;

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.