Answer:
c. $1700.
Explanation:
The computation of the uncollectible account expense is shown below:
= Account receivable × estimated percentage - unadjusted balance
= $200,000 ×1% - $300
= $2,000 - $300
= $1,700
hence the uncollectible account expense is $1,700
Hence, the correct option is c.
The same would be relevant
You tell her that all of the following are true, EXCEPT "the access time of memory is slow compared with that of storage devices".
<u>Explanation:</u>
A computing hardware utilized to indefinitely or temporarily store data, this device may be outer or inner to a computer, server, and other computing systems, hence common as a storage device. The memory is generally read-write random-access memory provided by semiconductors, typically Dynamic RAM or other types of fast yet temporary storage in the contemporary usage. While storage comprises of storage devices and their media that are not directly available via the processor (secondary or tertiary storage), usually hard disk drives, optical disk drives, and other devices that are slower than RAM but non-volatile.
Answer:
The company should increase the number of units she is producing
Explanation:
Since the elasticity of demand for the product is greater than one (1.4), it means the demand for the new drug is elastic, meaning the demand for the new drug is sensitive to price – the higher the price, the lower the quantity demanded and the vice-versa. So the pharmaceutical company should be careful of charging higher than the other competitors.
What the company needs to do to increase its revenue is to produce large quantity of the drug in order to earn higher and gain larger market share and probably economies of scale.
For example, If the company produces 400 units of the drug at $2, the revenue will be $800.
To increase the revenue, the company needs to increase its production.
For example, the increases the production to 500 units at the prevailing price of $2, therefore, the revenue will be $1000
Based on this information alone, the company's retained earnings equal $3,000.
<h3>Retained earning</h3>
Using this formula
Retained earning= Assets-liabilities-Common stock
Where:
Assets=$10,000
Liabilities=$2,000
Common stock=$5,000
Let plug in the formula
Retained earning=$10,000-$2,000-$5,000
Retained earning=$3,000
Inconclusion the company's retained earnings equal $3,000.
Learn more about retained earning here:brainly.com/question/25631040
