E8-5 determining financial statement effects of write-offs and recoveries [lo 8-2] prior to recording the following, elite electronics, inc., had a credit balance of $2,200 in its allowance for doubtful accounts. on august 31, a customer balance for $320 from a prior year was determined to be uncollectible and was written off. on december 15, the customer balance for $320 written off on august 31 was collected in full. required: for each transaction listed above, indicate the amount and direction (+ for increase, − for decrease) of effects on the financial statement accounts and on the overall accounting equation. hint: on december 15th, first reinstate the accounts receivable and then record the collection of cash. (enter any decreases to assets, liabilities, or stockholders equity with a minus sign.)

Which of the following best explains why large companies have an advantage over smaller companies? a. economies of scale make it possible to offer lower prices. b. the production possibilities frontier is wider for a larger company. c. decreasing marginal utility enables more efficient production. d. increasing the scale of production leads to a reduction in inputs.2b2t

Jamie lee is reviewing her finances one month later. she has provided the actual amounts paid below. use the cash budget table below to her identify the variances in her budget. each answer must have a value for the assignment to be complete. enter "0" for any unused categories. actual amounts income: monthly expenses: gross monthly salary $2,315 rent obligation $260 net monthly salary $1,740 utilities/electricity $130 savings allocation: utilities/water $10 regular savings $130 utilities/cable tv $155 rainy-day savings $20 food $160 entertainment: gas/maintenance $205 cake decorating class $90 credit card payment $25 movies with friends $50 car insurance $75 clothing $145 budgeted amounts assets: monthly expenses: checking account $1,850 rent obligation $225 emergency fund savings account $4,300 utilities/electricity $75 car $5,200 utilities/water $35 computer & ipad $1,100 utilities/cable tv $120 liabilities: food $115 student loan $6,600 gas/maintenance $95 credit card balance $1,000 credit card payment $45 income: car insurance $45 gross monthly salary $2,155 clothing $45 net monthly salary $1,580 entertainment: savings allocation: cake decorating class $90 regular savings $130 movies with friends $50 rainy day savings $20

Double corporation acquired all of the common stock of simple company for