Answer:
incentives, trade-offs, opportunity cost, marginal thinking, and the principle that trade creates value.
Explanation:
Answer: The amount of bad debt expense the company would record would be $3,470.
Explanation: Bad debt expense is an estimate of accounts receivable that is deemed as uncollectible while allowance for doubtful accounts is a balance sheet allowance account that warehouses the total balance of accounts receivable that is deemed irrecoverable.
In this scenario, Simple Co. estimated, using the aging method, that the allowance for doubtful accounts is $3,800. However, it had a credit balance of $330 in the same account. The reinstate the allowance account to $3,800, $3,470 has to be adjusted for by debiting bad debt expense and crediting allowance for doubtful account.
Answer:
find all answers in the explanation below
Explanation:
Patent Registration: This can be defined as the registration of the protection an invention to ensure that no one can make a copy of the said invention elsewhere. A patent registration is usually done after obtaining a patent right. A patent is the protection of an invention or idea to ensure that it is not produced or sold, etc by another individual. Patents are usually issued by the Patent and Trademark Office
Design Registration: This is the registration of a design such that it cannot be used elsewhere by another person. The registration of a design helps to protect the external look of an invention or product to ensure it is unusable anywhere else.
Non disclosure agreement: This is a legal contract that exists between two parties in which confidential messages, information, etc exchanged between them cannot be revealed to a third party. A non disclosure agreement is also called a confidential agreement or secrecy agreement or confidential disclosure agreement, etc among other names.
Trademark Registration: This can be defined as the registration of the protection of a company's mode of identity with its customers. Trademarks range from signs to symbols, to words, etc.
Cheers.
Answer:
b. society faces a tradeoff between unemployment and inflation, but only in the short run
Explanation:
Mainstream economics follows rational choice theory, which assumes that individuals make decisions that will maximize their own utility, and uses statistics and mathematical models to demonstrate theories and evaluate various economic developments.
The journal entry is as follows
Unearned ticket revenue Dr $33,700
To Ticket revenue $33,700
(Being the unearned ticked revenue is recorded)
The computation is shown below:
= Number of seasons sold × Price of six events ÷ number of events held
= 3,370 × $60 ÷ 6
= 3,370 × $10
= $33,700
So we debited the unearned ticket revenue and credited the ticket revenue
