It takes $10 to buy a meal in Rio and your purchase will increase Brazil's net exports.
What are net exports?A country's overall trade is gauged by its net exports. The calculation of net exports is straightforward: Net exports are calculated as the total value of a country's exports less the total value of its imports of goods and services. If a country's net exports are positive, it has a trade surplus; if they are negative, it has a trade deficit. Thus, a country's overall trade balance includes its net exports as part of it. A nation with positive net exports earns more money from the sale of its commodities abroad than it does from all of its imports combined. All products and services that a nation sends to other countries are considered exports, and this includes all items and services related to commerce, shipping, travel, tourism, and finance.
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which of these describe a market where price elasticity is more negative than -1.0? multiple select question. the market is referred to as being inelastic. the market is referred to as being elastic. the market is viewed to be price-insensitive. the market is viewed to be price-sensitive.
Price elasticity in business and economics refers to how much people, consumers, or producers alter their demand or the quantity supplied in reaction to changes in price or income. Hence Option B is correct.
What is Price Elasticity ?It is mostly used to evaluate how consumer demand has changed as a result of a price change for a good or service.
Elasticity is a term used in economics to describe how much one economic variable changes in reaction to a change in another. If a product's price elasticity of demand is negative two, a 10% price rise results in a 20% decrease in demand.
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according to professor porter, a business must differentiate itself from its competitors. one method is to encourage customers to believe that an organization provides higher quality goods or better service, then the organization can charge a premium, or gain market share, or (ideally) both. for example, by placing a swoop icon on a sweatshirt, nike is able to charge a higher price. this methodology is called .
By placing a swoop icon on a sweatshirt, nike is able to charge a higher price,this methodology is called monopolistic competition.
What is monopoly competition?Monopolistic competition occurs when a large number of firms offer competing goods or services that are equivalent but imperfect substitutes.
Restaurant chains such as Burger King and McDonald's are competing for dominance. Both operate fast food restaurants, have similar customer bases, and offer similar products and services. These two companies are in direct competition with each other, trying to differentiate themselves by using brands, charging more, and offering their own food and beverage packages. A company that sells its product exclusively and without any nearby substitutes is a monopoly. An uncontrolled monopoly has the ability to set prices and has market power. Examples include Microsoft and Windows, DeBeers and Diamonds, and local natural gas companies.
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_________ measures management effectiveness in generating profits with its available assets by dividing the net income generated by a project by the average assets invested in the project.
ROI measures management effectiveness in generating profits with its available assets by dividing the net income generated by a project by the average assets invested in the project.
What Is Return on Investment (ROI)?A common profitability statistic used to assess how well an investment has done is return on investment (ROI).By dividing an investment's net profit (or loss) by its initial cost or outlay, ROI is expressed as a percentage.ROI can be used to rate investments in various projects or assets and create apples-to-apples comparisons.ROI does not account for time passing or the holding duration, which means it may not account for the opportunity costs of investing elsewhere.If there are other opportunities accessible, it is important to analyze whether anything provides a decent ROI.Because of its adaptability and simplicity, ROI is a well-liked metric. In essence, ROI serves as a basic indicator of an investment's profitability. This could be the return on investment (ROI) from a stock purchase, the ROI a business anticipates from expanding a manufacturing, or the ROI produced in a real estate deal.To learn more about return on investment, refer to
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an individual buys a bond for $1,000 and sells it one year later for $1,070. what is the annual interest rate return that this individual has received on this bond? group of answer choices 7.0 percent 70.0 percent 0.5 percent 4.0 percent
The annual interest rate return that this individual has received on this bond 7.0 percent.
The term APR can be nominal APR or APR and is the interest rate for one year and not just the monthly/interest rate that applies to loans, mortgages, credit cards, etc. This is a financing fee. Expressed as an annual rate.
Annual Interest Rate (APR) means the annual interest accrued on the amount billed to the borrower or paid to the investor. APR is expressed as a percentage representing the actual annual cost of financing or income generated from an investment over the term of the loan.
APR or Annual Rate is the interest rate expressed as an annual rate. A loan's APR may include fees such as B. Fees. APR is important because it lets you know how much you will pay to borrow.
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explain what will happen if the price of the stock increases to $24.00. describe the underwriter profits from the overallotment option in your explanation. enter your answer in millions. for example, an answer of $1.23 million should be entered as 1.23, not 1,230,000. do not round intermediate calculations. round your answer to two decimal places.
A inventory is a well known time period used to explain the possession certificate of any company.
The required details for Stocks in given paragraph
1. If the inventory fee will increase to $24.00 within side the secondary market, the underwriter will exercising its choice and the underwriter income will be
Profit = (Shares Offered * Overallotment choice * IPO Price * Spread)
Profit = (17000000 * 15% * 18 * 7%)
Profit = 3213000 or 3.213 M
2. If the inventory fee decreases to $12.50 within side the secondary market, the underwriter will not exercising its choice and the underwriter income will be $14.half million.
Profit = (Shares Offered * Overallotment choice * (IPO Price - Market Price))
Profit = (17000000 * 15% * (18 - 12.50))
Profit = 14.half M
Units of inventory are called "shares" which entitles the proprietor to a share of the corporation's assets and earnings same to how a whole lot inventory they own. Stocks are sold and offered predominantly on inventory exchanges and are the inspiration of many person traders' portfolios.
Stock trades ought to comply with authorities rules intended to guard traders from fraudulent practices.
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hiroko's manager asks why hiroko spends time working on her new app campaign. the manager believes machine learning is doing everything. what are three ways in which hiroko can help guide the machine learning powered campaign?
Set boundaries, offer a tonne of reliable data, and evolve the plan are the correct answer.
Setting the proper boundaries is the first of three key benchmarks that will help you achieve greatness in your App marketing. Setting an acceptable offer and budget is the simplest approach for a marketer to direct machine learning toward success.
Make sure to offer the machine learning system the two things it needs most, data and time to learn from that data, after you've set the bid and budget for your app campaign.
Many of the processes needed in managing an App campaign are automated by machine learning, but you still can't "set it and forget it."
Your role as a marketer is to establish the boundaries in accordance with the likelihood that the strategy guiding your App campaigns will change over time.
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through negotiated rulemaking, federal agencies have begun encouraging businesses and public interest groups to become directly involved in
Federal agencies have started enticing companies and public interest organizations to participate directly in... crafting the regulations that affect them through the process of negotiated rulemaking.
Using a neutral facilitator and a balanced negotiation group made up of representatives of all interests that the rule would effect, including the rulemaking agency itself, negotiated rulemaking is a consensus-based procedure through which an agency develops a proposed rule. Before an agency proposes a rule in its final form, this procedure offers everyone with a stake in it the ability to try and come to an understanding on the key elements of the rule.
The committee's objective is to reach agreement, which is generally interpreted to indicate that all parties involved agree with the outcome, unless everyone on the committee initially agrees to a different interpretation. Each party pledges to bargain honestly.
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olin is a branch manager for a large freight company. he has noticed low morale lately, perhaps because of the cramped quarters, stricter policies, and lack of raises this year. according to herzberg, colin should first concentrate on?
When Olin noticed low morale lately, perhaps because of the cramped quarters, stricter policies and lack of raises this year. According to Herzberg, he should first concentrate on the hygiene factors.
What are Hygiene factors?Essentially, an hygiene factors ask the question "why are my people dissatisfied?". The hygiene factors are best associated with job dissatisfaction, such as salary, working conditions, interpersonal relationships, and company policy.
All these factors affect the job context in which people work. Example of a good hygiene factors are when a company offers paid time off, sick days and health insurance to part-time workers. Generally, a good hygiene factors lead to low employee turnover and absenteeism.
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If you have to pay your car insurance deductible which is the best place to get the money brainly.
The insurance company was the finest spot to pay your auto insurance deductible.
How can I avoid paying the deductible on my auto insurance?How to Avoid Paying the Deductible for Car Insurance. By asking your mechanic to waive the deductible in exchange for your business, you can avoid paying your auto insurance deductible. Additionally, if the claim is for glass repair, your insurance provider might waive your comprehensive insurance deductible. You cannot pay your deductible over time unless the repair company provides some sort of payment plan. Additionally, insurance providers don't provide payment options for deductibles. It may be worthwhile to lower your deductible if you are having problems making payments. For collision insurance, insurance providers provide a variety of deductibles.
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when microsoft establishes a distribution center in france, u.s. net capital outflow a. decreases because microsoft makes a foreign direct investment in france. b. increases because microsoft makes a foreign direct investment in france. c. increases because microsoft makes a foreign portfolio investment in france. d. decreases because microsoft makes a foreign portfolio investment in france.
Because Microsoft makes a foreign direct investment in France by opening a distribution center there, net capital outflow from the United States rises. Thus option (B) is correct.
What is the investment?Investment is the ceremonial of money to purchase an asset to attain an increase in value over a time period of time. Investment requires a sacrifice of some present quality, such as time, medium of exchange, or effort. In finance, the purpose of investing is to generate a return from the invested asset.
As an investment, what experts alter is figuring out your goals and risk permissiveness – either on your own or with the help of a financial professional. There is no warranty that you'll make money from your investment funds. Before you begin an investment fund.
Therefore, Thus option (B) is correct.
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if a pack of cigarettes currently costs $5 and the government wants to reduce smoking by 10%, it should increase the price by [ select ] .
The government should increase the price by 22.22% to reduce smoking by 10%
Price elasticity of demand (PED) is a measure of how responsive demand is to a change in the price of a good. It is calculated as the percentage change in the quantity demanded divided by the percentage change in the price:
[tex]{}PED = \frac{\%\Delta{Q_d}}{\%\Delta{P}}\\ {}[/tex]
If a pack of cigarettes currently costs $5 and the government wants to reduce smoking by 10%, it should increase the price by 15%. The PED is typically measured in absolute terms because it is always assumed to be negative (because of the law of demand). So for simplicity, the negative was applied to the PED from the equation above.
[tex]{}PED = \frac{\%\Delta{Q_d}}{\%\Delta{P}}\\ -0.9 = \frac{-10}{\%\Delta{P}}\\ \%\Delta{P} = \frac{-20}{-0.8}\\ \%\Delta{P} = 22.22 {}[/tex]
So, the percentage change in price = 22.22%
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solutions inc. negotiates the sale of materials between lumberyards and commercial construction companies, receiving a 15 percent commission on all transactions. solutions inc. is considered a
With a 15% commission on every deal, Solutions Inc. negotiates the material sales between lumberyards and commercial construction firms. As a broker, solutions inc. is regarded.
What does a broker look like?The main duty of a broker is to connect buyers and sellers; as a result, the broker acts as a neutral intermediary between a buyer and a seller. A real estate or stock broker who helps in the sale of a property would be an example. Market data and market research can be provided by brokers.
What three categories of brokers exist?Web-based brokers. a brand-new type of online customer engagement in the digital space.
Cheap brokers. A stockbroker who executes buy and sell orders with a lower commission is known as a discount broker.
comprehensive brokers.
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profit maximization with price discrimination involves firms applying marginal analysis separately for each distinct group of buyers. true false
False, maximize total profit by maximizing profit for each group separately.
What is the total profit at the quantity that maximizes profit?
The maximum total profit is achieved when marginal revenue and marginal expense are equal. The maximum profit in this illustration happens at 5 units of production. The level of output that maximizes profits for a perfectly competitive firm is found at MR = MC.What is the profit-maximizing strategy?
To ensure the best output and price levels are realized in order to maximize returns, business firms engage in the process of profit maximization. In order to achieve its profit objectives, the company modifies important variables like sale price, production costs, and output levels.Learn more about profit maximization method
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a(n) orientation creates order by requiring that employees identify with and commit to specific required conduct, whereas a(n) orientation strives to develop shared standards.
While a values orientation aims to establish common norms, a compliance orientation establishes order by mandating that employees commit to and identify with a specific mandated behaviour.
Describe compliance orientation.While compliance orientation aims to stop misconduct, the "values" approach's goal is to promote professional conduct. It is true that perspective matters. The "Compliance" strategy necessitates a careful examination of LER statutes, guiding ideals, and standards of conduct.
Value orientation is defined as the acceptance of moral standards by an individual or a social group. synonyms for ethics include morality and value systems. the chartism kind.
This idea is used to describe preferences for specific outcomes for oneself and others. Different social value orientations, such as altruism, equality, cooperation, individualism, competition, aggression, and others, could be differentiated.
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home brand products, inc., in its ads, makes claims about its products that are obvious exaggerations and claims that are false but appear to be true. home brand may be subject to sanctions for
Home brand may be subject to sanctions for only the claims. a product that is packaged and marketed under a certain retailer's brand name rather than the manufacturer's, typically a major supermarket chain. b. (as a modifier) Items under the home brand.
A branded product is one that bears the maker's label and is created by a reputable manufacturer marketed Oftentimes, supermarket brands are less expensive than name brands. regional advice: utilise name-brand products in the morning. Own brands are goods that have the name or label of the retailer who sells them, most often a chain of supermarkets. They frequently cost less than other well-known brands.
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Which mean absolute deviation would have a greater variability or spread? 4. 2 or 8. 5?.
With a mean absolute deviation of 8.5, there would be more variability or spread.
Which absolute mean deviation has a higher degree of variability?A point's "average" "positive distance" from the mean is known as the mean absolute deviation. Data variability increases as MAD increases, according to certain studies (the data is more spread out). The MAD is a handy tool for evaluating whether the mean of a set is a reliable predictor of the values contained therein.
A measure of spread, is mean absolute deviation?The average absolute deviation (MAD) between each data value and the mean of a data set is a statistical metric. The MAD statistic, which is a parameter, quantifies the spread or variation in your data in a manner similar to the standard deviation.
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the sequence of firms that perform activities required to create and deliver a product or service to ultimate consumers or industrial users is:
A supply chain is a helps in perform
different types of activities to deliver
products or services to ultimate consumers.
A supply chain includes a chain of steps
to finally deliver different product or
service to the end user. The steps involves movement and transformation of raw materials into finished products, transporting those products, and finally distributing them to consumers.Hence, a supply chain is a helps in perform different types of activities to deliver products or services to ultimate consumers.Thus,the sequence of firms that perform activities required to create and deliver a product or service to ultimate consumers or industrial users is supply chain.
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Compare how medicare taxes are paid by individuals who are employees to those who are self-employed. (1 point).
Answer:Employees pay half(1.45%) of the Medicare tax while the employer pays the other half. Self-employed individuals pay for both halves of the tax (2.9%).
Explanation:employees and the employer share the 2.9% Medicare tax, so the employee pays half or roughly 1.45%. Being self employed you are the employee and the employer which means you have to pay them both(2.9%).
This is an insurance which is deducted from wages and salaries in order to cater for healthcare.
How Much Does Medicare pay self-employed?The rate of self-employment taxation is 15.3%.The rate is divided into two components: 12.4% for social security (old-age, survivors', and disability insurance) and 2.9% for Medicare (hospital insurance). In cases where people are self-employed they pay both halves of the tax while in situations where they have an employer , it is split into two in which the employer and employee pay them.Wages, compensation, and self-employment income (and that of the individual's spouse if married filing jointly) that exceed the applicable threshold for the individual's filing status will be subject to Additional Medicare Tax. You, like all other American workers, contribute to Medicare as a self-employed individual with income.If you contribute enough, you should be able to get free Part A Medicare coverage when you reach the age of 65.To learn more about medicare taxes refer
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Which of the major process steps in the process of applications acquisition considers options such as build, buy, lease and partner?.
Major process steps in the process of applications acquisition consider options such as build, buy, lease, and partner project Identification, Justification, and Planning.
A assignment is any task, performed for my part or collaboratively and probable involving research or design, this is cautiously planned to achieve a specific aim. An opportunity view sees an assignment managerially as a chain of events: a "set of interrelated obligations to be completed over a hard and fast duration and inside sure price and other boundaries". A task can be a brief (in preference to a everlasting) social machine (paintings device), probable staffed by using teams (within or throughout companies) to accomplish precise responsibilities beneath time constraints. A project may also shape a part of wider application management[4] or function as an advert hoc gadget. Note that open-supply software "initiatives" or artists' musical "projects" (for example) might also lack defined crew membership, specific planning, and/or time-constrained periods.
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a marketer of breakfast cereals might send researchers to preselected households at 6 a.m. to watch families go about their morning routines. the client could also assign a researcher to accompany family members to the grocery store to record their behavior under actual shopping conditions. this type of research method is considered as:
The correct answer is observation.
The first type is Naturalistic observation
When conducting naturalistic observation, one observes a phenomenon in its natural setting. The researcher does not engage in any direct interaction with the individuals while making the observations in order to be as unobtrusive as feasible.
The second type is Participant observation
With participant observation, scientists take an active role in the research process. A researcher may also conduct interviews, take notes, review documents, and take pictures in addition to watching activities.
The third type is Structured observation
When doing structured observation, researchers use a lab or a synthetic environment rather than observing in the wild. A structured observation aims to watch a predetermined, constrained range of behaviors. Although less natural, this approach allows for fewer factors to be in play.
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which of the following statements is correct? a. aggregate demand is the total demand for final goods and services in an economy at a given time. b. the level of output in the short run is known as aggregate demand. c. the ad curve shows that the aggregate output demanded is unrelated to the aggregate price level. d. the ad curve is always vertical.
Aggregate demand is the total demand for final goods and services in an economy at a given time.
An economic system is a place of production, distribution and alternative, in addition to the intake of products and offerings. In trendy, it's miles defined as a social domain that emphasizes the practices, discourses, and material expressions related to the manufacturing, use, and control of scarce sources.[1] A given economy is a set of approaches that entails its subculture, values, education, technological evolution, records, social organization, political shape, prison systems, and herbal assets as essential elements. Those factors supply context, and content material, and set the conditions and parameters wherein a financial system features. In different phrases, the economic area is a social domain of interrelated human practices and transactions that does not stand by myself.
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The united states and canada conduct broad-based trade with each other. Which aspect of natural capital allows for this trade?.
The united states and Canada conduct broad-based trade with each other. The aspect of natural capital that allows for this trade is Location.
What is trade?Trade involves the transfer of goods and services from one person or entity to another, often for money. Economists refer to a market as a system or network that makes business possible.
An early form of trade, barter, involved the direct exchange of goods and services for other goods and services, i.e. exchange of goods without money. Modern businessmen usually negotiate with an exchange such as money. As a result, buying can be separated from selling or earning. The invention of money greatly facilitated and promoted trade. A trade between two traders is called a bilateral trade, while a trade involving more than two traders is called a multilateral trade.
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what particular governance devices are helping or hindering good governance in these countries that are changing their governance systems?
In these nations revising their governance systems, the tools of governance that aid or obstruct effective governance are Taxes and benefits
Explain about the Taxes?The term "business taxation" refers to the taxes that companies are required to pay as a regular aspect of conducting business. Your firm is in charge of following tax laws whether you are a sole proprietor, partner, a member of a limited liability company, or a corporation.
Taxes are compulsory payments made by a government organization, whether local, regional, or federal, to people or businesses. Tax revenues are used to fund a variety of government initiatives, such as Social Security and Medicare as well as public infrastructure and services like roads and schools.
A stable society is necessary for business, and business should contribute. Businesses must pay taxes on their income as well as on their output, employees, assets, and environmental effect.
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this is a bond provision that specifies the annual repayment schedule that will be used to service the bond and pay off the debt.
Treasury inflation-indexed bond is the type of bond provision that specifies the annual payment schedule, which is being used to service the bond and pay off the debt.
What is the inflation-indexed bond?Bonds that have their principal daily indexed for inflation or deflation are known as inflation-indexed bonds. They are therefore intended to reduce a bond's susceptibility to inflation risk. The Massachusetts Bay Company issued the first recorded inflation-indexed bond in 1780.
Bonds with an impact of inflation refer to an inflation-measuring market index, such as the CPI. The original value of the bond is altered as a result of the index's inflationary ups and downs, altering the yield you receive from each coupon payment.
An inflation-indexed bond guards against inflationary pressure for the duration of the bond both for investors and issuers.
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on december 1 derrick, incorporated, pays $800 to lease a copier for use in its corporate offices during the month of december. complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
On December 1 derrick, incorporated, pays $800 to lease a copier for use in its corporate offices during the month of December Rental expense(d)800 cash(c)800.
What is Expense?An expenditure is a business's operational cost incurred to produce income. It may be simply described as the price one must pay to acquire something. It takes money to make money, as the adage goes.
Supplier payments, staff salaries, manufacturing leases, and equipment depreciation are examples of frequent costs. Firms are permitted to deduct tax-deductible costs from their taxable income on their income tax returns in order to reduce their tax burden. The Internal Revenue Service (IRS) has rigorous guidelines about which expenses businesses may deduct, though.
Profit maximization is one of the top priorities for management teams in businesses. Increasing income while controlling costs, is accomplished. Cutting expenses might enable businesses to increase their sales revenue.
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mega corporation repurchased 1,000 shares of its $1 par value common stock for $8,000. the effect of this transaction on the accounting equation includes a(n) . (check all that apply.)
mega corporation repurchased 1,000 shares of its $1 par value common stock for $8,000. the effect of this transaction on the accounting equation includes a decrease in assets.
What is a decrease in assets?The asset account gets smaller as a corporation uses up or consumes an asset in its operations. Assets that a company consumes include money, supplies, receivables, and pre-paid expenses. For instance, if your small business paid $100 for a power payment, you might credit Cash by $100 to reduce the account.
Any asset reduction that provides a funding source counts as an inflow of cash. Decreases in accounts receivable show that money has been collected. Inventory reductions indicate that products have been sold.
Thus, it is decrease in assets.
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As part of a sdlc systems investigation, most companies perform a three-part ________ ________ to assess whether a given solution best fits a business problem.
A structured process known as the Software Development Life Cycle (SDLC) enables the fastest possible production of high-quality, low-cost software.
What is SDLC and example?The term "Software Development Life Cycle" (SDLC) refers to a methodology for producing high-quality software that includes well-defined processes. The phases of software development that the SDLC approach focuses on in depth are as follows: analysis of requirements. Planning. similar to architectural design, software design.In order to make sure that good RM practices are incorporated into the development of its proposed IT systems, the agency may propose to implement records management review and approval at specific points in the SDLC process that are identified by the checklist.The software life cycle is represented pictorially and diagrammatically by a software life cycle model, also known as a process model. A life cycle model depicts every procedure needed to move a software product through each stage of its life cycle.To Learn more About SDLC Refer To:
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from the point of view of a financial analyst, when evaluating companies that use different inventory cost assumptions, in a period of:
In decreasing prices, FIFO inventory is preferred to LIFO inventory.
What is FIFO?First In, First Out, sometimes known as FIFO, is a strategy of managing assets and valuing them that prioritizes the sale, use, or disposal of assets that were produced or acquired first.For taxation purposes, FIFO presumes that the cost of items sold on the income statement includes the assets with the oldest expenses (COGS). The assets in the inventory that are still available are compared to those that were just bought or made.According to the accounting principle known as first in, first out (FIFO), assets that are bought or acquired first are also the first to be sold.According to FIFO, the inventory still on hand is made up of products that were bought last.LIFO is an accounting technique that differs from FIFO in that assets that were acquired or purchased most recently are sold first.In an inflationary market, the FIFO technique frequently assigns lower, older expenses to the cost of items sold, resulting in a higher net income than if LIFO were utilized.To learn more about FIFO, refer to
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the proposition that increases in government spending that raise the government budget deficit has no effect on aggregate demand is called the
According to the economic theory known as Ricardian equivalence, increasing government deficit spending won't increase demand as expected.
The Ricardian equivalence theory is what.According to the principle of Ricardian equivalence, any rise in public debt will be covered by increased private saving, and any decrease in public debt will be countered by decreased private saving. This hypothesis is sometimes accurate and other times it is completely false.According to the Ricardian equivalence, government deficit spending is comparable to expenditure from current taxation. Taxpayers will save aside money in order to pay anticipated future taxes, which will tend to counteract the macroeconomic consequences of higher government spending.Equivalence theorem in Ricardianism,The claim that there is no impact of rising government budget deficit on overall demand. the cause of the offset People modify their expenditure in response to the expectation that more taxes in the future will result from today's larger deficit.
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the annual report for fabeck finishing corporation contained the following information: (in millions) 2021 2020 accounts receivable $ 659 $ 721 allowance for doubtful accounts 25 25 accounts receivable, net $ 634 $ 696 assume that accounts receivable write-offs amounted to $12 during 2021 and $2 during 2020, and that fabeck finishing did not record any recoveries. required: determine the bad debt expense for 2021 based on the above facts. (enter your answer in millions.)
Based on the above facts, the bad debt expense for 2021 for Fabeck Finishing Corporation is $12.
What is the bad debt expense?The bad debt expense represents some account receivables recognized as uncollectible.
Under the allowance method, the bad debt expense is the difference between the debit and credit entries in the Allowance for Uncollectible Accounts.
Under the direct write-off method, the bad debt expense is the actual bad debt incurred when some specific receivables are deemed uncollectible and therefore written off.
Allowance for Doubtful Accounts2020:
Account Titles Debit Credit
Accounts receivable $2
Bad Debts Expense $27
Balance $25
2021:
Balance $25
Accounts receivable $12
Bad Debts Expense $12
Balance $25
Thus, Fabeck Finishing Corporation will recognize a bad debt expense of $12 for 2021.
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