Answer:
$9,000
Explanation:
Bad Debts Written off $22,000
Uncollectible accounts-recovered $(8,000)
Allowance for doubtful accounts reversed
(opening-closing $40,000-$35,000*) ($5,000)
Bad Debt Expense for the year $9,000
*270,000-235,000 =35,000
Answer:
The correct answer is option B.
Explanation:
The total revenue and profits of the industry as the price level increases with increase in the demand.
When there is an increase in the demand for the output of an industry, that industry will increase the production to match the increase in the demand. The increase in production will cause output level to increase.
In order to produce more output the industry will require more inputs, so the demand for inputs will increase.
An increase in the demand for inputs will be accompanied by increase in their prices.
There will not be any decline in the price of inputs.
Answer:
Authorizing the team to make decisions traditionally made by managers.
Explanation:
That gives them a sense of leadership and knowing that certain ideas and contributions they make will eventually be valid. It fuels their energy to do more and that helps the company grow which is what the management looks out for.
Answer:
This example shows that one of the reasons to study marketing is that it is a part of everyday life.
Explanation:
Marketing can be defined as the process through which products reach from concept to the customers. It involves the process of studying, observing and understanding the market. Market research is done to understand the needs of consumers.
There are a number of reasons it is beneficial to study marketing. For instance,
- We often come across marketing in daily life.
- Marketing graduates get a good salary.
- There is always a demand for marketing experts.
- It is a diverse career choice and provides jobs in a number of fields.
Answer:
The correct answer is letter "C": the quantity of coffee sold can increase if the supply curve shifts to the right.
Explanation:
The demand theory establishes the relationship between the price of a good or service and the quantity demanded. If the price rises, the quantity demanded lowers -<em>the demand curve moves to the left</em>. If the price lowers, the quantity demanded rises -<em>the demand curve moves to the right</em>.
The supply theory states a direct interaction between the price of a good or service and the quantity supplied. It means if the price rises, the quantity supplied rises -<em>the supply curve moves to the right</em>. If the price lowers, the quantity supplied lowers -<em>the supply curve moves to the left</em>.
In this case, as the demand for the coffee has expanded, it could increase if the demand rises. If the demand rises there must be more supply of coffee which implies moving the supply curve to the right.
