Allowance for doubtful accounts has a debit balance of $1,100 at the end of the year (before adjustment), and an analysis of customers' accounts indicates uncollectible receivables of $12,900. which of the following entries records the proper adjustment for bad debt expense?
a. debit allowance for doubtful accounts, $14,000; credit bad debt expense, $14,000
b. debit bad debt expense, $11,800; credit allowance for doubtful accounts, $11,800
c. debit allowance for doubtful accounts, $11,800; credit bad debt expense, $11,800
d. debit bad debt expense, $14,000; credit allowance for doubtful accounts, $14,000

Which of the following is most likely to lead to a general decrease in wages? a. elastic demand b. public goods c. an economic recovery d. immigration 2b2t

What is the most important factor that affects the value of a company? a) cash flow b) earnings c) supply and demand d) number of employees

Suppose a firm faces a fixed price of output, 푝푝= 1200. the firm hires workers from a union at a daily wage, 푤푤, to produce output according to the production function 푞푞= 2퐸퐸12. there are 225 workers in the union. any union worker who does not work for this firm is guaranteed to find nonunion employment at a wage of $96 per day. a.what is the firm’s labor demand function? b.if the firm is allowed to choose 푤푤, but then the union decides how many workers to provide (up to 225) at that wage, what wage will the firm set? how many workers will the union provide? what is the firm’s output and profit? what is the total income of the 225 union workers? c.now suppose that the union sets the wage, but the firm decides how many workers to hire at that wage (up to 225). what wage will the union set to maximize the total income of all 225 workers? how many workers will the firm hire? what is the firm’s output and profit? what is the total income of the 225 union workers? [hint: to maximize total income of union, take the first order condition with respect to w and set equal to 0.]