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
Answer:
C. manufacturing or processing-plant arrangement.
Explanation:
According to my research on the different types of relationships between companies and their manufacturers, I can say that based on the information provided within the question this relationship is known as a manufacturing or processing-plant arrangement. Which is basically (liked described in the question) when a franchiser provides the individual stores with the ingredients necessary to run the store.
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Answer:
Categorical variable
Explanation:
Categorical variable are variables that are not numerical, take on values that are names or labels.It places the individual into a category, categorical variable is also called qualitative variable.
While quantitative variable is a numerical variable, they represent a measurable quantity i.e variables whose values result from counting or measuring something(measurement)
Therefore, the type of variable used here is categorical because the type of business will not be numerical.
B. demand and supply both decrease, leaving price essentially unchanged.
