Calculation for Healey Company's total manufacturing costs for the year:-
We are given,
Beginning raw materials inventory $ 15,200Raw material purchases $ 60,000Ending raw materials inventory $ 16,600 Beginning work in process inventory $ 22,400 Ending work in process inventory $ 28,000Direct labor $ 42,800Total factory overhead $ 30,000As We Know,
Total Manufacturing Costs = Raw Materials Used + Direct Labor + Factory Overhead
Raw materials used = Beginning Raw Materials Inventory + Raw Materials Purchases - Ending Raw Materials Inventory
⇒ 15,200 + 60,000 - 16,600 = 58,600
Raw materials used = 58,600
58,600 + 42,800 + 30,000 = 131,400
Cost of goods manufactured = Beginning Work in Process + Total Manufacturing Costs - Ending Work in Process
⇒ 22,400 + 131,400 - 28,000 = $125,800
Therefore, Healey Company's total manufacturing costs for the year is $125,800
To know more about total manufacturing costs, check the given links.
https://brainly.com/question/8873972
https://brainly.com/question/13767214
#SPJ4
The Federal National Mortgage Association (Fannie Mae) was originally established to provide a secondary market for FHA-insured and VA-guaranteed loans. All of the following statements regarding Fannie Mae are true EXCEPT: Multiple Choice Fannie Mae lends money directly to homebuyers. Fannie Mae was once a private, self-supporting company with publicly traded stock that has now been placed into conservatorship by the United States government following the mortgage crisis of 2007-2008. Fannie Mae fully guarantees timely payment of interest and principal to investors. Fannie Mae is authorized to buy both conventional home loans and government-sponsored
The statements regarding Fannie Mae loan are true except that A. Fannie Mae lends money directly to homebuyers.
How to illustrate the information?It should be noted that Federal National Mortgage Association (Fannie Mae) was established to provide a secondary market for FHA-insured and VA-guaranteed loans.
Fannie Mae fully guarantees timely payment of interest and principal to investors and is authorized to buy both conventional home loans and government-sponsored
In conclusion, the correct option is A.
Learn more about loan on:
brainly.com/question/26011426
#SPJ1
If the restatement method for a foreign subsidiary involves remeasuring from the recording currency into the functional currency, then translating from functional currency to U.S. dollars, the functional currency of the subsidiary is: I. the U.S. dollar. II. the recording currency unit. III. a third country's currency.
A third country's currency is (B) III.
What is a foreign subsidiary?
A foreign subsidiary is a firm that operates outside of its home country and is a subsidiary of a larger corporation with headquarters in another nation, often known as a parent company or a holding company.What is functional currency?The principal currency used by a firm or unit of a business is referred to as functional currency. It is the primary monetary unit of account in the economic environment in which an economic entity operates.Therefore, a third country's currency is (B) III.
Know more about foreign subsidiaries here:
https://brainly.com/question/21497065
#SPJ4
Correct question:
If the restatement method for a foreign subsidiary involves remeasuring from the local currency into the functional currency, then translating from functional currency to U.S.dollars, the functional currency of the subsidiary is I. U.S. dollar. II. Local currency unit.III.
A third country's currency.
A. I
B. III
C. II
D.Either I or I
how do our normative positions affect the choices we make individually and society
Our normative positions affect the choices we make by affecting
Who to voteHow to treat people The time and the period to marry.What are normative positions?These are the ways that people are able to come up with new ideas as well as new positions.
It teaches of the various necessary channels that may help one to effect out of the box thinking.
Read more on Normative here:
https://brainly.com/question/25870371
#SPJ1
Beau, a fashion design company, organizes an online contest. Participants are asked to design women's apparel to be posted on a social media website where its members can vote and provide feedback. Based on those votes, Beau will announce the winner and offer that individual a job at its firm. In this scenario, Beau is involved in _____.
In this scenario, Beau is involved in crowdsourcing.
What is crowdsourcing?Crowdsourcing unites groups of people behind a single project or cause.a speedy method of tackling issues that take a lot of timedeeper involvement of communities that connect and foster adherence to the product or solution.What are the different types of crowdsourcing?Through crowdsourcing, communities can unite around a single project or cause.Effective method for resolving issues that require a lot of timemore community involvement, which resonates and fosters adherence to the product or solutionWhat are the advantages and disadvantages of multiple sourcing?Sharing information can be risky and is not always simple.Less order volume reduces bargaining power, and supplier competition might not be strong enough to produce the same cost savings as volume leverage.The greater the stake your suppliers have in your company, the less responsive they will be in an emergency.Learn more about Crowdsourcing at:
https://brainly.com/question/9452858
#SPJ4
Many firms exercise ____________________ such as when different prices are charged by telephone companies for individuals compared to businesses.
Many firms exercise Price discrimination such as when different prices are charged by telephone companies for individuals compared to businesses.
A selling tactic known as price discrimination involves charging clients various rates for the same good or service depending on what the vendor believes they can persuade the customer to accept. When a merchant uses pure price discrimination, they charge each consumer the highest price they will agree to.
Price discrimination is a microeconomic pricing technique in which the same provider sells the same or substantially similar items or services in different marketplaces at different prices.
Learn more about Price discrimination here
https://brainly.com/question/25565797
#SPJ4
A ____________________ is a strategy of increasing market share for present products in existing markets.
As a strategy, market penetration is used when the business seeks to increase sales growth of its existing products or services to its existing markets in order to gain a higher market share.
Everything else held constant, an increase in the excess reserves ratio causes the m1 money multiplier to ________ and the money supply to ________.
The M1 money multiplier decreases and the money supply decreases when the required reserve ratio on checkable deposits rises, all else being equal.
What is the reserve ratio?The percentage of deposits that commercial banks must retain in cash under the guidance of the central bank is known as the cash reserve ratio.
How is reserve ratio determined?The country's central bank, in the instance of the United States, the Federal Reserve, determines the reserve ratio requirement. The calculation for a bank can be obtained by dividing the bank deposits by the cash reserve held with the central bank, and it is expressed as a percentage.What is an example of the reserve ratio?The required reserve ratio is directly correlated to how much a bank expands the money supply. For instance, if a bank has deposits totaling $1,000,000 and a reserve ratio of 10%, it can lend out $900,000.
learn more about reserve ratio here
https://brainly.com/question/13758092
#SPJ4
When the price of hot dogs decreases, what happens in the market for the complementary good of hot dog buns?.
When the price of hot dogs decreases, Hot dog consumption increases, and the price drops. This is further explained below.
What is Price elasticity?Generally, a method for determining how much of an impact a change in either supply or pricing has on demand.
In conclusion, Hot dog consumption increases as the price drops. More hot dog buns are needed at the hot dog factory. As a result, there is a greater need for hot dog buns. The cost and availability of hot dog buns will rise as a result.
Read more about Price elasticity
brainly.com/question/13565779
#SPJ1
Would raising the price of a product create a larger decline in quantity demanded for a monopolistic competitor than it would for a monopoly
Yes, raising the price of a product can create a larger decline in quantity demanded for a monopolistic competitor than it would for a monopoly.
What is demand?Demand can be defined as the amount of products or goods and services in the market that consumer are ready or willing to buy.
When there is increase in price of a product, buyer or consumer will tend to buy from competitors that offers lower price.
Therefore raising the price of a product can create a larger decline in quantity demanded for a monopolistic competitor than it would for a monopoly.
Learn more about demand here:https://brainly.com/question/1245771
#SPJ1
Suppose your roommate just invented an electronic pencil that senses when a word being written is misspelled, beeps, and shows the correct spelling on a small screen on the side of the pencil. He figures the pencil can be manufactured for about $5, since the cost of computer chips has dropped so low.
Your roommate comes to you for advice and money. He will make you a 40% owner if you help manufacture and sell the pencils. He asks you to put up $500 for materials for the first 100 units. He asks that you help make and sell the pencils after classes.
Since your roommate is studying electronic engineering, he knows about as much about marketing as you know about electronics. You agree to study the possibilities. You make a list of questions that need to be answered before you commit your $500.
1. What need does this product fill?
2. What is the potential market for the product?
3. What are the target markets for such a product?
4. What type of consumer good is this product?
5. How will you distribute the product?
6. How could the consumer be convinced to purchase the product?
7. What are the other questions that need to be answered before a decision is made?
The need that the electronic pencil fill is the need to erase errors associated with what has been written down digitally.
What is the potential market for the product?The potential market for electronic pencil is the global digital pen market and the global market as a whole.
What type of consumer good is electronic pencil product?The type of consumer good of electronic pencil product is Specialty products.
How will you distribute the product?One can distribute the product via online platforms such as social media, online stores and marketplace, etc.
What are the other questions that need to be answered before a decision is made?The lifespan of the product.Does it have effect to the human skinIs it feasible.Learn more about electronic pencil from
https://brainly.com/question/11377338
#SPJ1
The contribution margin: Group of answer choices decreases as the level of output decreases. changes indirectly to a firm's tax rate changes. has a major effect on the present value break-even point. is dependent upon achieving a minimal level of output. increases as the level of output decreases.
The contribution margin: has a major effect on the present value break-even point.
How Much of a Contribution Margin Is Good?A contribution margin percent or ratio should be as close to 100 percent as possible. The more money is available to pay for the company's fixed expenditures or overhead charges, the higher the ratio.
The contribution margin ratio is most certainly significantly below 100%, most likely at or below 50%.
The contribution margin ratio can be used to assess the profitability of both an organization and a specific product line. It can be determined whether it makes sense for the business to keep selling a certain brand or product at its present pricing by looking at the contribution margin ratio for that brand or product.
Learn more about the contribution margin with the help of the given link:
brainly.com/question/17010309?referrer=searchResults
#SPJ4
The entire bundle of products, services, and meanings of one's offering; including extras like service, warranty, or delivery, as well as what the product means to the customer refers to
Total product refers to the entire bundle of products, services, and meanings of one's offering; including extras like service, warranty, or delivery, as well as what the product means to the customer.
As an economic idea, the total product compares an employer's quantity of output to a fixed quantity of inputs. As an analysis of quick-run production, the overall product typically examines variables that have an effect on output, along with uncooked substances and associated waste or direct hard work prices and stages.
The entire product refers to the total amount (or volume) of output produced with a given amount of entering throughout a period of time.
General product is virtually the output this is produced by all of the hired workers. A marginal product is an extra output that is generated by using an additional employee. With a second worker, manufacturing increases by 5, and with the 0.33 worker, it will increase by means of 6.
Learn more about total product here https://brainly.com/question/26007839
#SPJ4
The managerial function of controlling is performed only by the controller of a company. includes performance evaluation by management. is concerned mainly with operating a manufacturing segment. is only applicable when the company sustains a loss.
Answer:
oh
Explanation:
Over a given period of time, if imports are greater than exports, the result is Group of answer choices A trade war. A trade surplus. An embargo. A trade deficit.
trade deficit is the right answer.
A situation where one country buys more from another country than it sells to another: the amount of money that one country's imports exceed its exports.
Simply put, a trade deficit occurs when a country imports more than it exports. A trade deficit is neither good nor bad in itself, but a very large deficit can have a negative impact on the economy.
A trade deficit occurs when a country imports more than it exports. Countries with a trade deficit, also known as the negative trade balance, spend more money than they have earned in international trade with other countries in the world.
Learn about import and export here:https://brainly.com/question/13663581
#SPJ4
KB Home decided that they were interested in knowing if offering eco-friendly options within their home offerings will generate greater sales than offering eco-friendly options within an options list to add on to their home offerings. Which type of research would be most appropriate for this purpose
(A) Casual research would be most appropriate for the given purpose.
What is casual research?Causal research is the study of cause-and-effect relationships. To establish causation, the variation in the variable suspected of influencing the difference in another variable must be observed, and the variations from the other variable must be calculated.What is descriptive research?Descriptive research is used to characterize the features of a population or phenomenon under investigation. It does not address how/when/why the qualities developed. Rather, it responds to the "what" inquiry.What is exploratory research?Exploratory research is a methodological approach that investigates previously unstudied research problems. It is frequently utilized when the problem under investigation is novel or the data collection process is difficult in some way.As the definition of casual research states, to establish causation, the variation in the variable suspected of influencing the difference in another variable must be observed, and the variations from the other variable must be calculated.
Therefore, (A) casual research would be most appropriate for the given purpose.
Know more about descriptive research here:
https://brainly.com/question/26057974
#SPJ4
Complete question:
KB Home decided that they were interested in knowing if offering eco-friendly options within their home offerings will generate greater sales than offering eco-friendly options within an options list to add on to their home offerings. Which type of research would be most appropriate for this purpose
(A) Casual research
(B) Exploratory research
(C) Descriptive research
identify two other types of business organisation jameel lost his job
Answer:
When Jameel lost his job with a fruit and vegetable shop that closed downhe decided to open his own store. He had good contacts with suppliers.
They said they would give him one month’s credit before he paid for
supplies. Jameel had $5000 in savings to invest in the shop. He thought thiswould be sufficient to start the business. He is an independent man - he
never liked taking the manager’s orders in the food shop! He wanted to
operate his new business as a sole trader
Explanation: hope this helps if not i am sorry
Franchises and partnerships are two other types of business organisations jameel lost his job.
Franchises and partnerships are two distinct business models that involve collaboration between different entities. Franchising is a business arrangement where a franchisee licenses the right to use a well-established brand, business model, and support from a franchisor in exchange for fees and royalties.
This allows the franchisee to operate under an established brand with proven systems. Partnerships, on the other hand, involve two or more individuals or companies pooling their resources and expertise to run a business together, sharing profits and liabilities. Both models offer unique advantages, such as brand recognition in franchising and shared responsibilities in partnerships.
Therefore, Franchises and partnerships are two other types of business organisations jameel lost his job.
Learn more about partnerships here:
https://brainly.com/question/33558718
#SPJ3
Probably the full question is:
When Jameel lost his job with a fruit and vegetable shop that closed down he decided to open his own store. He had good contacts with suppliers. They said they would give him one month’s credit before he paid for supplies. Jameel had $5000 in savings to invest in the shop. He thought this would be sufficient to start the business. He is an independent man - he never liked taking the manager’s orders in the food shop! He wanted to operate his new business as a sole trader.
Identify two other types of business organisations jameel lost his job.
One common everyday object, Post-It Notes, is the product of a bootleg project at 3M, Minnesota Mining and Manufacturing. The company allowed researchers to spend 15% of their time on their own ideas. Dr. Silver was ________ and took the time away from his assigned work to develop the idea.
Dr. Silver was empowered and took the time away from his assigned work to develop the idea.
Being personally empowered is taking charge of your life and making choices that will help you achieve your goals. Although it's closely related to qualities like self-esteem and confidence, real empowerment happens when you put your intentions into practice.Simply feeling strong or confident is not enough to qualify as empowerment. A condition of being in which we acknowledge and enjoy our own limitless potential is what true empowerment is.The definition of empowerment is "the process of strengthening and gaining confidence, particularly in directing one's life and asserting one's rights" . But depending on a person's experiences, circumstances, goals, and dreams, empowerment can also mean a variety of different things to various people.Thus the correct answer is empowered.
To learn more about organizational structure, refer:https://brainly.com/question/2636977
#SPJ4
A big part of business intelligence is an area called predictive analytics, which extracts information from Blank______ and uses it to predict future trends and identify behavioral patterns. Multiple choice question. estimates data business intelligence snapshots
A big part of business intelligence is an area called predictive analytics, which extracts information from data and uses it to predict future trends and identify behavioral patterns.
Predictive analytics is a form of advanced analytics that is being used by business intelligence to extract information from data, using it to predict future trends.
The identification of behavioral patterns and future trends are also central to the structure and process of predictive analytics. It makes use of statistical modeling, data mining techniques, and machine learning to combine data in order to extract information. Many future events and trends can be and have been anticipated through predictive analytics. In business intelligence, it can be used to predict performance. Data is central to predictive analytics.Therefore, a big part of business intelligence is an area called predictive analytics, which extracts information from data and uses it to predict future trends and identify behavioral patterns.
Learn more about predictive systems here: https://brainly.com/question/15571212
#SPJ4
Airbnb has forever changed the travel and recreation industry. No matter where a traveler goes, they trust that they will have the best vacation experience when booking with Airbnb. Its name is recognizable outside of its customers and the company supplies its marketing and finanical data. Airbnb is an example of _______. a. a global brand b. a brand mark c. a local brand d. brand equity
Airbnb is an example of a global brand.
What is a global brand?The management of a brand around the globe with the goal of boosting its power and awareness in the markets in which it competes is referred to as global branding. This tactic is sometimes referred to as international branding or global branding.What is a brand mark?A brand mark is a symbol, component, work of art, or visual representation that aids in the quick identification of a specific business. It is crucial for creating and preserving a brand's reputation.What is a local brand?A local brand is one that advertises to and targets its goods and services toward a specific group of customers depending on location.What is brand equity?In marketing, brand equity refers to a brand's intrinsic value or the perceived social value of a well-known brand name.Therefore, Airbnb is an example of a global brand.
Know more about advertisements here:
https://brainly.com/question/1658517
#SPJ4
The objective of a(n) system is to provide information about the cost of goods and services sold by the firm and the processes used to produce the goods and services. (Enter only one word per blank.)
the correct answer to be written in the blank is cost management system
cost management system-
Cost control structures are actually the techniques used to assess the effects of selections made due to cost control strategies. Costing structures have 3 number one goals:
offer price statistics for strategic decision making,to offer cost data for operational management, and to measure stock price and price of goods.To control cost with the aid of using the numerous strategies which includes budgetary control, standard costing and stock management.To become aware of costing profit.those are a few of the principle objectives.
There are two primary cost management structures:
- conventional or traditional structures and
- activity based costing
Learn more about cost management here : https://brainly.com/question/27098397
#SPJ4
A monopolistically competitive industry is characterized by ________ concentration ratios and ________ entry barriers. Group of answer choices low; high low; low high; low None of the Answers are Correct. high; high
the correct answer to be filled in the blanks are low and low
Monopolistic competition-
Monopolistic competition characterizes an enterprise wherein many companies provide services or products which are comparable (however now no longer perfect) substitutes. Barriers to entry and go out in a monopolistic competitive enterprise are low, and the choices of any individual organization now no longer immediately have an effect on the ones of its competitors. Monopolistic opposition is intently associated with the commercial enterprise method of brand differentiation.
Monopolistic opposition takes place while an enterprise has many companies providing merchandise which are comparable however not identical. Heavy advertising and marketing are normal amongst companies in monopolistic opposition and many economists criticize this as wasteful.
Learn more about monopolistic competition here:
https://brainly.com/question/25823012
#SPJ4
Sam, a buyer for a small warehouse company, is looking to purchase a forklift from caterpillar or komatsu. He is looking for a reliable, narrow forklift to fit between the warehouses’ smaller aisles and that is a lower price. Sam doesn’t need added-on services; he is well-versed in using and maintaining large equipment. He evaluates the forklift types and decides on a komatsu. Sam chooses the komatsu for its perceived reliability and it is $1500 less than the caterpillar forklift. Which approach that komatsu took was a success for sam as a customer?.
The approach that Sam took that turned out to be a success is Komatsu reduced its perceived costs enough to undercut its competitors perceived values.
What was the approach undertaken here?He knew that he may have additional costs if he decides to use added on services. But he didn't.
This would make the amount of money that he would pay less given that he has decided to carry out the task on his own.
Read more on added on services here:
https://brainly.com/question/24553900
#SPJ1
Being a convicted felon...
A. ends when your sentence finishes.
B. stays with you for life.
C. is a matter of private record.
Answer:
B.stays with you for life.
Being a convicted felon stays with you for life. Correct option is B. Being a convicted felon is not a temporary status that ends when a sentence finishes.
It is a lifelong label that follows an individual even after completing their sentence. Once a person is convicted of a felony, that conviction becomes a part of their permanent criminal record. This record is accessible to law enforcement, employers, background check agencies, and in some cases, the general public.
The status of being a convicted felon can have significant consequences and implications for individuals even after they have served their sentence. These consequences can include restrictions on employment opportunities, housing, voting rights, access to certain licenses and permits, and even social stigma.
While it is possible to pursue legal avenues for expungement or record sealing in some jurisdictions, and certain rights may be restored in certain cases through a pardon or other legal processes, the conviction itself remains a part of an individual's criminal history.
Therefore, being a convicted felon stays with an individual for life, impacting various aspects of their personal and professional life even after completing their sentence.
To know more about convicted felon:
https://brainly.com/question/28259231
#SPJ2
VF Corporation, maker of North Face and other popular "lifestyle" apparel brands, split itself into two separate organizations in order to
The VF Corporation splits itself into two separate organizations in order to rank the performance prospects of the businesses from best to worst and determine what the corporate parent's priorities should be.
VF CorporationVF Corporation is one of the world's biggest clothing, footwear and embellishments organizations interfacing individuals with the ways of life, exercises, and encounters they esteem most through a group of notable open-air, dynamic, and workwear brands.One of the World's Most Ethical Companies in 2022, and a global leader in defining and raising the norms of ethical business operations.Why did VF Corporation decide to split?They choose to part since they needed to decide the corporate parent's needs for allotting assets to its various organizations by positioning the presentation possibilities of the organizations from best to most horrendously terrible.At the point when an organization, for example, VF divides its portions, the market capitalization when the split happens stays steady, meaning the investor presently claims more offers yet each is esteemed at a lower cost for every offer.Frequently, be that as it may, a lower-valued stock for each offer premise can draw in a more extensive scope of purchasers.Hence, In order to analyze the performance prospects of the businesses from best to worst and establish what the corporate parent's priority should be, the VF Corporation divides itself into two distinct groups.
To learn more about such Company Ethics refer to:
https://brainly.com/question/7310733
#SPJ4
Which of the following is not true of job-order costing? a.The key document for accumulating manufacturing costs is the job-order cost sheet. b.It is used in firms that produce homogeneous products. c.The cost of each job is accumulated on the job-order cost sheet. d.All of these choices are correct.
The following is not true of job-order costing it is used in firms that produce homogeneous products.
What is Job Order Costing?
Job order costing is a costing method which is used to determine the cost of manufacturing each product. This costing method is usually adopted when the manufacturer produces a variety of products which are different from one another and needs to calculate the cost for doing an individual job. Job costing includes the direct labor, direct materials, and manufacturing overhead for that particular job.
This costing method is usually adopted when the manufacturer produces a variety of products which are different from one another and needs to calculate the cost for doing an individual job. Job costing includes the direct labor, direct materials, and manufacturing overhead for that particular job.
Therefore, we can conclude that all the options A,C, and D . are all characteristics of a job order costing system. It means that option B, it is used in firms that produce homogeneous products, is not a characteristic of a job order costing system.
Learn more about Job Order Costing on:
brainly.com/question/26332605
#SPJ4
The objective of the project planning process is the development of: A. entity relationship diagrams. B. an information systems plan. C. corporate strategic plan. D. a Systems Service Request. E. a Baseline Project Plan and Project Scope Statement.
The objective of the project planning process is the development of a Baseline Project Plan and Project Scope Statement.
Baseline Project Plan and Project Scope StatementAn accepted version of your project's scope, as described in a scope statement, work breakdown structure, and WBS dictionary, is called a scope baseline. Project progress is tracked and results between real and planned are compared using the scope baseline as a reference.A project scope statement gives a thorough explanation of the work that must be done to produce the project's output on time and within budget. It also defines the project's boundaries. All work and only work necessary to finish the project within the budget is included in the project scope statement.The scope statement should be as long as necessary to mitigate the project's main risks.
To learn more about Baseline Project Plan and Project Scope Statement refer to:
https://brainly.com/question/14498531
#SPJ4
Evan bought into a housing cooperative that's focused on cultural exchange. Each month, the co-op residents have dinner meetings and share food and information about the culture of their respective regions. When Evan made his purchase, he received a proprietary lease for his unit. What else did he receive
He would also receive a shares in the cooperative corporation as he received a proprietary lease for his unit.
What is a proprietary lease?This refers to an occupancy agreement that gives the shareholder in a housing cooperative the right to occupy a particular dwelling unit.
Hence, in the context, Evan would also receive a shares in the cooperative corporation as he received a proprietary lease for his unit.
Read more about proprietary lease
brainly.com/question/14527094
#SPJ1
The interdependence principle states that your best choice today depends on all of the following EXCEPT decisions others are currently making. expectations about the future. past decisions you have made. other decisions you are currently making.
The correct option is C). Past decisions you have made.
What is the interdependence principle?Independence principle refers to the assurance of the receiver of certainty and promptness of payment, independent of any breach of the main contract.
The principle of interdependence means that there is at least some degree of similarity between the signs and the relevant goods or services.
It is the obligation of the issuer to pay the beneficiary upon presentment of the letter of credit is independent from the lessee's obligations under the lease.
Learn more about the interdependence principle here:-
https://brainly.com/question/13912712
#SPJ1
What is the normal journal entry when writing-off an account as uncollectible under the allowance method?.
Debit Allowance for Doubtful Accounts, credit Accounts Receivable.
The entry to write off a bad account affects only balance sheet accounts: a debit to Allowance for Doubtful Accounts and a credit to Accounts Receivable. No expense or loss is reported on the income statement because this write-off is "covered" under the earlier adjusting entries for estimated bad debts expense.
The journal entry for the Bad Debt Expense increases (debit) the expense's balance, and the Allowance for Doubtful Accounts increases (credit) the balance in the Allowance.
Under the allowance method, a write‐off does not change the net realizable value of accounts receivable. It simply reduces accounts receivable and allowances for bad debts by equivalent amounts. Customers whose accounts have already been written off as uncollectible will sometimes pay their debts.
Learn more about the normal journals at
https://brainly.com/question/14279491
#SPJ4
If business leaders in Great Britain become more confident in their economy, they will increase investment, causing the British pound to ________ and pushing the British trade balance toward ________.
If business leaders in Great Britain become more confident in their economy, they will increase investment, causing the British pound to appreciate and push the British trade balance toward a deficit.
What do you mean by investment?Investment It is the process through which a company creates capital or increases the stock of already existing capital stock.
Investment growth leads to a rise in the demand for loanable money, which raises interest rates. A higher interest rate will lead to less net capital outflow and more demand for the British pound, which will raise its value. The trade balance shifts toward a deficit as imports become less expensive and British exports become more expensive to foreign buyers as the pound appreciates.
To know more about Great Britain economy refer to: https://brainly.com/question/15993397
#SPJ4