Answer:
$33,400
Explanation:
Given that,
Accounts Receivable = $1,130,000
Allowances for Doubtful Accounts = $23,100
Estimated bad debts:
= 5% of outstanding receivables
= 0.05 × $1,130,000
= $56,500
We simply deduct the allowance for doubtful accounts balance from the estimated bad debts to record the amount of bad debt expense.
Amount of bad debt expense will the company record:
= Estimated bad debts - Allowances for Doubtful Accounts
= $56,500 - $23,100
= $33,400
The answer to your question is D
Answer:
A 7.5% increase in the quantity demanded
Explanation:
If the price elasticity of demand (PED) is 0.75, that means that for every 1% change in the price of a product, the quantity demanded for the product will inversely change by 0.75%. If the price increases, the quantity demanded decreases, and vice versa.
If Sony lowers the price of its TVs by 10%, and the PED = 0.75, then the quantity demanded will increase by = 10% x 0.75 = 7.5%
Answer:
1.The parties involved can ask the government to raise the allocation of funds to the student community service organization
2. Volunteers will be available to help out in the project
3. About $10000 will be the project cost(The cost of starting and finishing the project to meet the objectives and demands at hand)
Explanation:
Planning of a large party or an event is called a project. This is because, it was a specific party for a specific purpose and It was held on a specific date and time(beginning and end).
A project must have an objective . It must have stakeholders. This whose decision will greatly affect the outcome of the project
The following are the assumption made by the stakeholders of the project:
1.The parties involved can ask the government to raise the allocation of funds to the student community service organization
2. Volunteers will be available to help out in the project
3. About $10000 will be the project cost(The cost of starting and finishing the project to meet the objectives and demands at hand)
The needs identified are:
-Money to support food purchasing.
-Grow the volunteer force.
-Food donations.
-To teamwork and synergy with a common goal.
There are different kinds of theory. The principles that Adam Smith believe essential to the survival of an economy is the freedom to land and hold on to business profits.
<h3>What kinds of freedom did Adam Smith believe were vital to the survival of any economy? </h3>
Adam Smith was known to believe that the making of more resources available to all can make us to be more wealthier.
He believed freedom was important, such as the freedom to own land or property and hold on to the profits. He believed that people will participate in working very well, if they are given reward.
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