Answer:
Contribution Margin Income Statement
+Sales Revenue 1,400 x $95 = $133,000
-Variable production costs 1,400 x $65 = ($91,000)
-Variable selling costs 1,400 x $2 = ($2,800)
=Contribution Margin $133,000 - $91,000 - $2,800
= $39,200
-Fixed production costs ($13,000)
=Net profit = $39,200 - $13,000
= $26,200
debit to Bad Debt Expense for $3,800
<h3>What is
Bad Debt Expense ?</h3>
When a receivable is no longer collectible because a customer is unable to fulfil their obligation to pay an outstanding debt due to bankruptcy or other financial problems, a bad debt expense is recognised.
If a company with $2,000,000 in sales expects 2% of sales to be uncollectible, their bad debt expense would be $40,000 ($2,000,000 * 0.02). Consider a roofing company that agrees to replace a customer's roof on credit for $10,000.
Are bad debts a cost or a liability? Bad debts are an expense to the business rather than a liability because the amount expected to be received from the debtor is irrecoverable and has a negative impact on the books of accounts by reducing accounts receivable.
To know more about Bad Debt Expense follow the link:
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Greetings friend, I would love to try my best for female to get more confidence in STEM careers.
First they need to realize that they are in male dominante field.
Second they should try and achieve something man can not do and show them quality over quantity of tasks done.
Also I would suggest to create more female centric teams ( 6 female 3 male = team ) just for the sake of experiment and see the results. If you create study of this type let me know the results please. Probably males will try to impress them and do 130% of power just to show off and female will control them and situation in global.
This is my honest opinion. Females are our Muses and they have special place in our hearts and minds, but they can be independent and achieve more just if they have light that leads them right way. Best wishes <3 I hope I was helpfull.
Regards,
Ђорђе
Answer:
Before a large corporation makes any investment decision, they carry out a cost benefit analysis. In other words, before the banks install clear acrylic partitions, they will decide if the cost of installing those partitions offset the costs of the robberies. The problem with this reasoning is that all banks have insurance against robberies, so if they are robbed the insurance company pays them. So installing the partitions do not represent a lot of benefits for the bank, but they are expensive and represent a large investment. The only way that banks install them is that insurance companies force them to do so.
Answer:
The law of diminishing marginal utility says that the marginal utility from each additional unit declines as consumption increases. 1. The marginal utility can decline into negative utility, as it may become entirely unfavorable to consume another unit of any product.
