Spade Agency separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts. In addition, the balance of Allowance for Uncollectible Accounts before adjustment is $1,000 (credit).

Accounts not yet due = $30,000; estimated uncollectible = 4%.Accounts 1–60 days past due = $15,000; estimated uncollectible = 25%.Accounts more than 60 days past due = $10,000; estimated uncollectible = 50%.

Compute the total estimated uncollectible accounts. Estimated Age Group Amount Uncollectible Not yet due 1-60 days past due More than 60 days past due Total

The table shows the demand and supply schedules for magazines. complete the following sentences. the equilibrium price of a magazine is $ 4 and the equilibrium quantity is 150 magazines a week. price (dollars per magazine) quantity demanded quantity supplied (magazines per week) 3.00 160 138 3.50 155 144 4.00 150 150 4.50 145 156 5.00 140 161 now a fall in the price of a newspaper decreases the quantity demanded by 11 magazines a week at each price. at the original equilibrium price, a occurs. to return to equilibrium, the price of a magazine a. surplus; rises b. shortage; rises c. shortage; falls d. surplus; falls as the market returns to equilibrium, the quantity demanded and the quantity supplied a. decreases; increases b. decreases; decreases c. increases; decreases d. increases; increases the new equilibrium price is $ nothing a magazine.

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. question 1 options: true false