Explanation:
The Journal Entry for 3 May is as shown below:-
Allowance for Doubtful Accounts Dr, $2,000
To Accounts Receivable A. Hopkins $2,000
(Being the write off is recorded)
Therefore for passing the journal entry we simply debited allowance for doubtful account and credited the accounts receivable)
Answer:
Rate of return < current YTM
Explanation:
In order to determine whether the current YTM is greater or less,we need to first of all determine the current YTM using excel rate formula as shown below:
=rate(nper,pmt,-pv,fv)
nper is the number of coupon payments the bond pay which is 15
pmt is the annual coupon payment of $100(10%*$1000)
pv is the current price of $890
fv is the face value of $1000
=rate(15,100,-890,1000)=11.58%
Since the rate of return is 8.8% while the current YTM is 11.58%,the third option is correct
A private company, the company's stock, or its net is spread amongst few people, usually people close to the CEO/Owner.
A public company, the company's stock is available to purchase to anyone, and can be spread world wide.
Answer: Total consumer surplus is $27
We calculate Consumer Surplus as follows:
We calculate Consumer Surplus for each person
Person Price Willing Actual Price Consumer Surplus
John 30 20 
Susie 28 20 
Joseph 25 20 
Jessica 23 20 
<u>Jeremy 21 20 
</u>
<u>Total Consumer Surplus 27 </u>
Answer:
The correct answer to the following question is B) Selective advertising or Selective demand stimulation.
Explanation:
Selective advertising ( which is also know as selective demand stimulation ) is a type of approach which can be used to present the message that a producer or company wants to deliver through advertising. In this approach, message delivered by company tells its consumers about the benefits of its brand and how their brand is much better than other brands. Company's can use various strategies like benefit positioning ( where company tells about the benefits of their brand ) or competitive positioning ( where company tells how their brand is better than others ) to depict their selective demand.
