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question:1) The Jones Company employs the percentage of sales method to estimate uncollectible accounts, anticipating that 1% of credit sales will not be collected. Given the following information: - Cash Sales: 10,000 - Credit Sales: 8,000 - Total Sales: 18,000 Calculate the estimated bad debt expense for the credit sales. a) 180 b) 1,800 c) 80 d) 800 2) The Jones Company uses the percentage of sales method again, estimating that 2% of credit sales will be uncollectible. Credit sales for the period total 10,000. Determine the estimated bad debt expense. a) 0 b) 20 c) 200 d) 2,000
answer:1) The correct answer is: Option c) 80 2) The correct answer is: Option c) 200 Explanation: For question 1, to find the estimated bad debt expense, we apply the 1% estimation to the credit sales: Estimated Bad Debt Expense = Credit Sales * Percentage of Estimated Uncollectible Accounts Estimated Bad Debt Expense = 8,000 * 1% Estimated Bad Debt Expense = 80 For question 2, using the same method with a 2% estimation: Estimated Bad Debt Expense = Credit Sales * Percentage of Estimated Uncollectible Accounts Estimated Bad Debt Expense = 10,000 * 2% Estimated Bad Debt Expense = 200
question:[How does a decrease in the government deficit affect the level of interest rates?]
answer:[A decrease in the government deficit typically leads to a lowering of interest rates. This is because when the government deficit decreases, the government needs to borrow less money from the market, thereby reducing the supply of government bonds. As the supply of these financial assets decreases, the overall demand for them increases, causing their prices to rise. Since bond prices and interest rates have an inverse relationship, as bond prices go up, interest rates go down. This change in interest rates is a result of the interplay between the demand and supply of cash flow in the market.]
question:An airplane takes off from a runway that is 3500 meters long. The plane starts with an initial velocity of 20 meters per second and accelerates uniformly for 30 seconds before lifting off. What is the plane's speed at lift off?
answer:To find the lift-off velocity, we can use the kinematic equation: [ v^2 = v_0^2 + 2ad ] where: - ( v ) is the final velocity (liftoff velocity) - ( v_0 = 20 ) m/s is the initial velocity - ( d = 3500 ) m is the distance traveled (runway length) - ( a ) is the acceleration, which we need to calculate first From another kinematic equation, we can express acceleration as: [ d = v_0t + frac{1}{2}at^2 ] Given: - ( t = 30 ) s Solving for ( a ): [ a = frac{2(d - v_0t)}{t^2} ] [ a = frac{2(3500 - 20 cdot 30)}{30^2} ] [ a = frac{2(3500 - 600)}{900} ] [ a = frac{2(2900)}{900} ] [ a = frac{5800}{900} ] [ a ≈ 6.44 , text{m/s}^2 ] Now, we can calculate the lift-off velocity: [ v = sqrt{v_0^2 + 2ad} ] [ v = sqrt{(20)^2 + 2(6.44)(3500)} ] [ v = sqrt{400 + 45111} ] [ v = sqrt{45511} ] [ v ≈ 213 , text{m/s} ] Thus, the plane is traveling at a speed of approximately ( 213 ) meters per second when it lifts off.
question:Multiply and expand the polynomials p(x) = 8x^2 + 2x + 13 and q(x) = -11x^2 + 5x + 5.
answer:To multiply and expand the polynomials, we can use the FOIL method (First, Outer, Inner, Last). First, we multiply the first terms of each polynomial: (8x^2)(-11x^2) = -88x^4. Next, we multiply the outer terms: (8x^2)(5x) = 40x^3. Then, we multiply the inner terms: (2x)(-11x^2) = -22x^3. Finally, we multiply the last terms: (2x)(5) = 10x. Now, we add up the like terms: -88x^4 + 40x^3 - 22x^3 + 10x = -88x^4 + 18x^3 - 93x^2 + 75x + 65. Therefore, the product of p(x) and q(x) is -88x^4 + 18x^3 - 93x^2 + 75x + 65. The answer is -88x^4 + 18x^3 - 93x^2 + 75x + 65