Answer:
$36,648
Explanation:
age balance % uncollectible total
Not past due $890,000 3/4% $
6,675
1-30 days past due $97,900 2% $
1,958
31-60 days past due $44,500 6% $2,670
61-90 days past due $32,000 16% $
5,120
91-180 days past due $23,100 40% $
9,240
<u>Over 180 days past due $16,900 65% $10,985 </u>
Total $1,104,400 $36,648
journal entry should be:
December 31, 202x, bad debt expense
Dr Bad debt expense 36,648
Cr Allowance for doubtful accounts 36,648
The spread between the interest rates on bonds with default risk and default-free bonds is called the risk premium.
A default-free bond is a bond in which the bond issuer would not miss scheduled payments of either the coupon or principal. Bonds issued by the government are generally considered to be default-free. This is because the government can print money to make payments.
A bond with a default risk is a bond in which the bond issuer can miss scheduled payments of either the coupon or the principal. Bonds issued by private individuals are generally considered to be bonds with default risk.
Bondholders usually demand a compensation for holding bonds with a default risk. This compensation is known as risk premium.
Risk premium = return on bonds with default risk - return on default- free bond.
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Full question attached
Answer and Explanation:
Answer and explanation attached
Answer:
$1350
Explanation:
To find dead weight loss we will take into consideration the price and output level of both monopoly and perfect competition.
Dead weight loss = {(P2 - P1) * (Q1-Q2)} / 2
Where, P2 and Q2 are price and quantity respectively of monopolist and P1 and Q1 are price and quantity respectively of perfect competiton.
Dead weight loss = {(130-40) * (60-30)}/2
= (90*30)/2
= $1350
This problem is actually under the subject of Mathematics, particularly, Algebra. For work problems, you can use a convenient technique of dimensional analysis. This is done by multiplying units of measurement, then cancelling out like terms in order to come up with the units of the final answer. For this problem, the total amount of liters is 2,100. So, the equation would be
Volume of Kelly's family + Volume of Stewart's family = 2,100
However, we are only given the rates for each family in liters per hour. To come up with the final answer with a unit of measurement in Liters, we must multiple the rate of L/hour with the individual time. Let x be the time Kelly's sprinkler was used, and y for Stewart's family.
(20 L/h)(x hours) + (40 L/h)(y hours) = 2,100
This is the first equation. The second equation is the total time.
x + y = 65 hours
Rearranging the equation, y = 65 - x. Let's substitute this to the first equation.
20x + 40(65-x) = 2,100
Solving for x, then substituting it to the second equation to obtain y,
x = 25 hours
25 + y = 65
y = 40 hours.
Thus, Kelly's sprinkler was used for 25 hours, while Stewart's sprinkler was used for 40 hours.
