Answer:
The ending balance of Allowance for Bad Debts account is $800
Explanation:
The computation of the ending balance of allowance for bad debt is shown below:
= Credit sales × uncollectible rate
= $40,000 × 2%
= $800
The estimated amount would be considered as an allowance for bad debts i.e $800, So no other amount would be come while computing the ending balance of Allowance for Bad Debts account.
However, the other information which is given in the question is not relevant. Hence, ignored it
Explanation:
<em><u>capital gain is a profit from stock. capital loss is a loss from stock.</u></em>
Answer:
A). EA (Early Adopters)
Explanation:
There are basically five categories of adopters namely (in no particular order):
Early adopters (EA);
Late majority(LM);
Early majority (EM);
Innovators (I);
Laggards (L).
The early adopters can be said to be trend setters. Their opinions are taken by others as they are quite young and have enough social contacts. They tend to adopt to new technologies easily, but not as apt as the innovators. The early adopters tend to show off their choice of fashion and trends and even suggest to others to buy similar products.
All the characteristics of Brandon listed in this case falls in the early adopters perfectly. Therefore we can say that brandon is an early adopter(EA).
Option A is correct.
Answer:
d) $2,600,000
Explanation:
The projected revenue is $90,000
cost of the event is $40,000
The projected profit per event is $90,000 - $40,000 = $50,000
For 52 events, profit margins will be $50,000 x 52 =$2,600,000
