Answer:
C. does not affect net income in the period it is collected
Explanation:
The whole point of the allowance method is to do not impact the net income when performing a write-off
When a write-off occurs the following entry is made:
allowance for doubful accounts debit
account receivable credit
If the account is reversed:
account receivable debit
allowance for doubful account credit
cash debit
account receivable credit
There is no revenue or expense account used in the procedure. Therefore, it does not affect net income.
Answer:
a. Jason works harder than the other employees
Explanation:
In this scenario, the statement that would strengthen Jason's case would be that he works harder than the other employees. If Jason is able to provide proof of this then that would indicate that effort and work-efficiency is not the reason for Jason not receiving a wage increase. This would mean that the reason is either personal or superficial which are all labor-market discrimination. Therefore, if Jason can prove that he does actually work harder than the other employees it would drastically increase his chances of winning the court case against his employer.
Answer:
The statement is True
If Brazilian oranges entered the United States, the number of oranges in the market would be higher, and if the quantity demanded remained more or less stable, the oranges prices would fall.
Changes in supply are those produced by anything other than price, thus, in this example we can see a change in supply, because the higher number of oranges has come from the market entry of new competitors : the brazilian orange providers.
Po = 0.5385, Lq = 0.0593 boats, Wq = 0.5930 minutes, W = 6.5930 minutes.
<u>Explanation:</u>
The problem is that of Multiple-server Queuing Model.
Number of servers, M = 2.
Arrival rate,
= 6 boats per hour.
Service rate,
= 10 boats per hour.
Probability of zero boats in the system,
= 0.5385
<u>Average number of boats waiting in line for service:</u>
Lq =![[\lambda.\mu.( \lambda / \mu )M / {(M – 1)! (M. \mu – \lambda )2}] x P0](https://tex.z-dn.net/?f=%5B%5Clambda.%5Cmu.%28%20%5Clambda%20%2F%20%5Cmu%20%29M%20%2F%20%7B%28M%20%E2%80%93%201%29%21%20%28M.%20%5Cmu%20%E2%80%93%20%5Clambda%20%292%7D%5D%20x%20P0)
=
= 0.0593 boats.
The average time a boat will spend waiting for service, Wq = 0.0593 divide by 6 = 0.009883 hours = 0.5930 minutes.
The average time a boat will spend at the dock, W = 0.009883 plus (1 divide 10) = 0.109883 hours = 6.5930 minutes.
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