Answer:
The correct answer is:
false (b)
Explanation:
Reduction in the price of a good or service in a competitive market leads to an increase in quantity demanded, which in turn leads to an increase in the production quantity, to cater for the increase in the volume of demand. Hence the reduction in the price of Jacques's fire engines will increase demand and in effect increase the production quantity. With respect to the total revenue, depending on the extent of demand increase, the total revenue might increase or even decrease. If the total demand exceeds the previous demand to make up for the reduction in price, the total revenue will increase, if not so, the total revenue will decrease.
Answer:
(a) rate variance = $ 5,234, Adverse
(b) time variance = $ 6,360, Favourable
(c) total cost variance = $1,126, Favourable
Explanation:
(a) rate variance,
rate variance = (Standard Rate - Actual Rate) × Actual Hours
=( $12.00- $12.20) × 26,170 hours
= $ 5,234, Adverse
(b) time variance, and
time variance = (Standard Hours - Actual Hours) × Standard Rate
= (26,700 hours - 26,170 hours) × $12.00
= $ 6,360, Favourable
(c) total cost variance
total cost variance = rate variance + time variance
= $ 5,234, Adverse + $ 6,360, Favourable
= $1,126, Favourable
Answer:
Since the debt has already been provided for by Debiting bad debt expense $42,400 and Crediting Allowance for doubtful debt $42,400, the entries required to write off the debt from Ramirez Company of $6,330 will be
Debit Allowance for doubtful debt $6,330
Credit Accounts receivable $6,330
Being entries to writeoff debt due Ramirez Company of $6,330
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Where a debit that had previously been determined to have gone bad gets settled, debit cash and credit bad debt expense.
I believe the answer is B. policies
<u>Answer:</u>
<em>C) Actual investment includes unplanned inventory changes, but planned investment does not
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<u>Explanation:</u>
The total amount of investment consumptions attempted by a business during a timeframe consists of both arranged and impromptu costs of capital. The idea of pure speculation is a significant piece of Keynesian financial aspects and is utilized to decide the purpose of macroeconomic harmony, at which real venture equivalents arranged venture.
When moving toward interest in the securities exchange, there are two fundamental procedures utilized, principal investigation and specialized examination. Likewise, with any speculation technique, there are promoters and depreciators of each approach.
