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crimeas [40]
3 years ago
11

Tom is studying how changes in income affect the frequency of eating out. In this example, "changes in income" is the ______ var

iable, and "frequency of eating out" is the ______
variable.
a. spurious; control
b. control; spurious
c. independent; dependent
d. dependent; independent
Business
1 answer:
MatroZZZ [7]3 years ago
5 0

Answer: c. independent; dependent

Explanation:

In sociology, independent variables are typically considered as being the cause, and dependent variables are often addressed as being the effect.

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A profit-maximizing monopolist has the cost schedule c(y) = 20y. The demand for her product is given by y = 600/p^4, where p is
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Decrease her price by $20

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Please see attachment for working notes and explanation

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On January 15, 2021, Bella Vista Company enters into a contract to build custom equipment for ABC Carpet Company. The contract s
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recorded on March 31, 2021.

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As we know that if there is an accural basis so the revenue is recognized and recorded when it is earned here the receipt of cash is not material for recording the revenue

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So March 31, 2021 should be considered

 

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Which of the following data is used to determine credit scores?
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Read 2 more answers
Calistoga Produce estimates bad debt expense at 0.60% of credit sales. The company reported accounts receivable and allowance fo
liraira [26]

Answer: Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2021 is $246.

Explanation: Calistoga Produce applies percentage of credit sales method to estimate its bad debt expense. So 0.60% of $331,000 (credit sales) = $1,986 and the balance in allowance for doubtful accounts is $1,520. The following journals would be recorded to adjust for the estimate:

Debit Bad debt expense                                      $466

Credit Allowance for doubtful accounts           $466

The $466 is the difference between $1,986 and $1,520

Now that the company writes off $1,740 accounts receivable, the following journal entries apply:

Debit Allowance for doubtful account              $1,740

Credit Accounts receivable                                $1,740

In summary, the allowance account movement is as follows:

Opening balance                                                 $1,520

Additional bad debt expense                                 466

Write-off during the year                                     (1,740)

Balance, end of the year                                       $246

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