Answer:
$3,553
Explanation:
Credit losses = Net credit sales × Historical percentage of credit losses
= $131,750 × 3%
= $3,953
Allowance for doubtful account has a credit balance of $400
The estimated bad debt expense can therefore be calculated as:
Bad debt expense = Credit losses - Allowance for doubtful accounts credit balance
= $3,953 - $400
= $3,553
Hence, the estimated bad debt expense using the percentage of credit sales method is $3,553
Assume that skilled labor costs twice as much as unskilled labor, a profit maximizing firm will hire until the marginal product of unskilled labor is half that of skilled labor.
A profit maximizing firm is a firm that tries to create products that are of good quality at the barest or smallest cost.
The marginal product falls after an additional amount of the resource has been added. It is the extra amount that is gained due to the addition of an extra unit.
Due to the fact that both the skilled and unskilled would decrease eventually, the company would have to hire both at equal marginal products.
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C) Design! Most definitely.
To do construction and architecture you need to know design. It will include design.
Answer:
A. Quantitative perspective
Explanation:
Roger using the capital asset pricing model and other mathematical tools to track finances is focused on quantitative perspective.
He is relying more in the figures to assist his clients.
Quantitative methods are characterised by use of statistics, mathematics, analysis and formation of logical models. Decisions are made on the final result.
