Answer:
c.
Explanation:
Based on the information provided within the question it can be said that in order for it to be enforceable, a writing is required for the employment agreement. This is because the employment requires initial work for a month before receiving payment for the services provided. Unlike the other two purchases, since money is being exchanged directly for a product or service at the exact moment.
Like Haley up here did^^^^^^^^
Answer:
B
Explanation:
Answer:
Both statements are true
Explanation:
Due to the worm infestation, there would be a fall in supply of apples, this would lead to a shift of the supply curve to the left
a fall in price in apples, would lead to a movement down along the supply curve.
Only a change in price of a good leads to a movement along the supply curve for the good, other factors lead to a shift of the supply curve
Answer:
b. 6 units
Explanation:
Output Revenue Costs = Profit ( Revenue - Costs)
0 0 10 = -10
1 8 12 = -4
2 16 15 = 1
3 24 19 = 5
4 32 24 = 8
5 40 30 = 10
6 48 37 = 11
7 56 46 = 10
8 64 55 = 9
9 72 65 = 7
Note: The revenue is calculated by multiplying output by the market price of $8.
The firm should produce 6 units to maximize their profit which is $11.
Answer:
A. dr. Bad Debt Expense 3,000 and cr. Allowance for Doubtful accounts 3,000
Explanation:
Bad debt Expense will be calculated using the percentage of debt loss. The expense will be calculated using the account receivable balance.
Closing Value of the Allowance for Doubtful Accounts will be as follow
Closing Balance = $100,000 x 5% = $5,000
As Allowance for Doubtful Accounts already have credit balance of $2,000, we need to adjust the remainder to make the closing balance of Allowance for Doubtful Accounts $5,000 at the year end.
Adjustment Value = $5,000 - $2,000 = $3,000
