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Arisa [49]
4 years ago
10

Monopolistic competitors in the food industry will often include a recyclable symbol on packaging used for their product as a me

ans to
Business
1 answer:
solong [7]4 years ago
6 0
It means to differentiate their product. Monopolistic competition is a sort of blemished rivalry with the end goal that numerous makers offer items that are separated from each other and subsequently are not impeccable substitutes. 
Harmony under monopolistic competition. In the short run, supernormal benefits are conceivable, however, over the long haul, new firms are pulled in into the business, as a result of low boundaries to the passage, great learning and a chance to separate.
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One of the disadvantages of the perpetual inventory system is the company's decreased ability to keep better records with respec
suter [353]
True or false? You tell me cuz idk
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3 years ago
A company ages its accounts receivables to determine its end of period adjustment for bad debts. At the end of the current year,
kogti [31]

Answer:

The required adjusting entry to record estimated bad debts expense is as follows:

Debit Bad Debts Accounts with $39,960

Credit Allowance for Doubtful Accounts with $39,960

Being the adjustment to bring the Allowance for Doubtful Accounts up a new credit balance of $43,625.

Explanation:

The Allowance for Doubtful Accounts had a credit balance of $3,665.  Since management had estimated that $43,625 of the Accounts Receivable balance would be uncollectible, this means that the difference $39,960 ($43,625 - $3,665) would be the adjusting amount to bring the balance up-to-date.

Remember that the Allowance for Doubtful Accounts is a contra account to the Accounts Receivable.  It is used to reduce the balance of the Accounts Receivable based on collectibility judgement or estimate which management makes out of experience.  The balance in this account is, therefore d,educted from the Accounts Receivable in the Balance Sheet in order to obtain the net Accounts Receivable balance.

The account that expenses the increase in this account is the Bad Debts Expense Account, which is taken to the Income Statement to reduce the income.

4 0
4 years ago
Does a sole proprietor need a business license
Andreas93 [3]

Answer: Yes

Explanation: A sole proprietor is a person who is running an entrepreneurship on his own. in a sole proprietorship the law see the owner and the entity as one person and not as separate entity.

To operate their business legally a sole proprietor needs to have a general business license. It is usually required for those proprietors who have taxpayer identification number.

3 0
4 years ago
the of a business, agency, household, or another economics unit involves the acquisition and use of financial resources and the
dolphi86 [110]

'Financial management of a business, agency, household or another economics unit involves the acquisition and use of financial resources and the protection of equity capital from various sources of risk.

Financial management is the business function concerned with profitability, expenditure, cash, and credit, and ensures that "an organization has the means to achieve its objectives as satisfactorily as possible." The latter is often defined as maximizing shareholder value.

Financial Management is the strategic planning, organization, management and management of financial companies in an organization or institution. It also includes applying management principles to the financial assets of the organization while playing a key role in tax administration.

Financial Management is defined as the management and analysis of money and investments for the purpose of making business decisions by individuals or organizations. An example of financial management is the work of a company's accounting department.

Learn more about financial management brainly.com/question/989344

#SPJ4

5 0
2 years ago
In 1914, congress created the federal trade commission to _____.
Bas_tet [7]
Monitor business practices that might lead to monopolies 
6 0
3 years ago
Read 2 more answers
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