Dhaliwal digital categorizes its accounts receivable into three age groups for purposes of estimating its allowance for uncollectible accounts. accounts not yet due = $270,000; estimated uncollectible = 5%. accounts 1–45 days past due = $37,500; estimated uncollectible = 10%. accounts more than 45 days past due = $15,000; estimated uncollectible = 15%. before recording any adjustments, dhaliwal has a debit balance of $67,500 in its allowance for uncollectible accounts. required: 1. estimate the appropriate 12/31/2021 balance for dhaliwal’s allowance for uncollectible accounts. 2. what journal entry should dhaliwal record to adjust its allowance for uncollectible accounts?

the correct answer is:     [c]:     " cyclical unemployment " .

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.