The wage rate for all units of labor is $10/hr. You have spent $160,000 on developing a production process (Process X) that will

Response:

1. Create all necessary journal entries concerning uncollectible accounts and bad debt expense.

1

Dr Bad debt expense_______ 3320

Cr Allowance for bad debt_________________ 3320

2

Dr Allowance for bad debt__ 430

Cr Account Receivable_____________________ 430

2. Provide the year-end balance sheet display for accounts receivable.

Accounts receivable__________47570

Net accounts receivable_______44250

Clarification:

Credit transactions 166000

Credit transactions 118000

Bad debt losses are 2%

Written off 430

Allowance 3320

1

Dr Bad debt expense_______ 3320

Cr Allowance for bad debt_________________ 3320

2

Dr Allowance for bad debt__ 430

Cr Account Receivable_____________________ 430

Year-end balance___________48000

Cr Account Receivable_________430

Accounts receivable__________47570

Allowance for bad debts_______3320

Net accounts receivable_______44250

Response:

La opción correcta es D, formar una corporación.

Justificación:

Elegí esta respuesta porque la responsabilidad limitada se aplica a una corporación, que se diferencia de otros tipos de negocios.

El concepto de responsabilidad limitada significa que los accionistas en una compañía de responsabilidad limitada solo son responsables hasta el monto que han aportado a través de las acciones que poseen.

Si la empresa incurre en deudas, no se les pedirá a los accionistas que cubran estas deudas con su propio dinero, lo que protege los bienes personales de Harry y Meghan.

Response:

There will be an increase in equilibrium quantity, but the impact on equilibrium price remains uncertain.

Note:

Due to the scientists' discovery, demand for oranges will rise, as will the price.

Additionally, the introduction of new fertilizers will boost the supply of oranges, leading to a price decrease.

Taking both of these factors into account indicates that there will be a rise in equilibrium quantity, while the effect on equilibrium price cannot be determined.

The Merchandise Inventory account includes costs related to purchased goods, shipping and handling fees, transit insurance, and storage expenses.

Explanation:

Merchandise inventory consists of finished goods available for resale to consumers.

It encompasses all items that a company owns and intends to sell.

A merchandise enterprise:

• Generates net income by purchasing and selling merchandise
• Can acquire products from manufacturers to sell to retailers
• May also buy from manufacturers and sell directly to end-users
• Can operate as either a wholesaler or a retailer

Classified as a current asset, the Merchandise Inventory is vital for tracking.

The Merchandise Inventory account includes costs associated with purchases, shipping fees, preparation costs and handling expenses.