Answer:
C. $3,687.
Explanation:
amount of the adjusting entry for Uncollectibleminus−Accounts Expense
= $6,622 - $2,935
= $3,687
Therefore, The amount of the adjusting entry for Uncollectibleminus−Accounts Expense is $3,687.
Answer:
c. update the static planning budget to reflect the actual level of activity for the period
Explanation:
A flexible budget is a financial plan of expenses and revenues based on the actual level of output. A flexible budget adapts to changes in prices and company needs. Because the budget varies with the market condition, it is called a variable cost.
Due to their variable nature, flexible budgets are used to update the static estimates at the end of a period. The company compares the actual result in the flexible budget with that of a static budget. The management uses a flexible budget to evaluate the business performance for the period. Specific areas of success and failures are highlighted. Decisions on areas that need improvement can then be made.
Answer:
On a Saturday, Wanda goes to the local farmers’ market to take a break from baking treats. While she is there, she sees a vendor with customers crowded around the stall. When she asks someone what all the excitement is about, a customer informs her that a woman who sells gourmet dog treats has just arrived, and if Wanda doesn’t get in line early, the woman will sell out. The customer goes on to tell Wanda that this vendor always sells out, and that since she has started buying these treats for her dogs, her dogs seem much healthier and happier. Wanda waits in line with the other customers.
When it is Wanda’s turn, she engages the woman in conversation about the ingredients in her treats and her process for making them. The woman is very nice and actually shares a recipe with Wanda for a pumpkin peanut butter dog biscuit that has always been one of her best-selling items. Wanda purchases one of each treat the woman is selling and takes the recipe when it is offered to her, never mentioning that she is in the same business. She plans to “reverse engineer” the treats and test the new recipe out that very day.
Explanation:
When there is an increase in quantity demanded, there will be a movement downward and to the right along a demand curve.
<h3>What is a demand curve?</h3>
On a demand graph, the curve shows the relationship between the price of a good and quantity demanded for its at a given period of time.
However, when there is an increase in quantity demanded, there will be a movement downward and to the right along a demand curve.
Therefore, the Option A is correct.
Read more about demand curve
<em>brainly.com/question/9469192</em>
Answer:
$811,238.97
Explanation:
First we have to obtain the effective monthly rate.
A 4.5% nominal annual interest rate is equivalent to a 0.37% monthly rate.
Now we can find the future value of the $650,000, which is the value that you will have paid after 5 years.
The formula is:
Where:
- FV = Future value
- PV = Present value
- i = interest rate
- n = number of compounding periods of the interest rate.
Finally, we plug the amounts into the formula:
