An aging of a company's accounts receivable indicates that $4,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 debit balance, the adjustment to record bad debts for the period will require a
A) debit to Bad Debt Expense for $5,200.
B) debit to Bad Debts Expense for $4,000.
C) debit to Bad Debts Expense for $2,800.
D) credit to Allowance for Doubtful Accounts for $5,000.
A
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Suppose that a change in the expected inflation rate leads supply and demand to adjust so that the after-tax expected real interest rate is unchanged at 2.0 percent. The tax rate is 30 percent. Initially, the expected inflation rate is 3.0 percent. If the expected inflation rate rises from 3 percent to 6 percent, the expected real interest rate
A. rises by 0.75 percent. B. rises by 1.25 percent. C. falls by 1.25 percent. D. falls by 0.75 percent.
Phoenix Corporation manufactures smartphones, generally selling from 200,000 to 300,000 units per year. The following cost data apply to the activity levels shown:Number of Units200,000250,000300,000Total costs??? Fixed$ 15,000,000?? Variable24,000,000??Total costs$ 39,000,000??????Cost per Unit??? Fixed$ 75?? Variable120??Total cost per unit$ 195??Required: 1.) Complete the preceding table by filling the missing amounts for 250,000 and 300,000 units.2.) Assume that Phoenix actually makes 280,000 units. What would be the total costs and the cost per unit at this level of activity? (Round the cost per unit to two decimal points)3.) If Phoenix sells each unit for $220, what is Phoenix's magnitude of
operating leverage at sales of 280,000 units? (Round to two decimal points.) What will be an ideal response?
Which of the following is NOT true about large-scale integrated circuits?
a. They are a cubic foot in size. b. They are a cubic inch in size. c. They enabled the development of personal computers. d. They had increased storage capacity from their predecessors. e. They came into widespread use in the 1950s.
The initial state of a queuing system (for example, when a restaurant first opens), is referred to as the ________ state
A) steady B) primary C) introductory D) transient E) start-up