Answer: nPlease see explanation column for answers
Explanation:
In recording bad debts expense using the percentage of receivable method
Account receivables = $260,000
Allowance for doubtful debts = 4% OF Account receivables
= $260,000 x 4% = $10,400
The existing balance before adjustment = $2,600
The Adjustment required= Allowance for doubtful accounts - Credit balance
= $10,400 - $2,600
= $7,800
Journal to record the adjustment for allowance for doubtful accounts
Account Title Debit Credit
Bad Debts expense $7,800
To Allowance for Doubtful Accounts $7,800
Answer:
B. products are differentiated
Explanation:
there are many firms (starbucks, seattles best, and a bunch of others), entry in to the market is not blocked, anybody can start a coffeehouse, and barriers to entry are very low. These are reasons that the market is not purely monopolistic or oligopoly. Differentiated products is the feature of monopolistic competition that applies here
Answer:
e. allowed ownership of multiple broadcast stations as long as those stations did not reach more than 35 percent of the market
Explanation:
The 1996 Telecommunications Act is also referred to as the Communications Decency Act of 1996 and it was enacted by the 104th US Congress and signed into law by President Bill Clinton, being effective from 8th February, 1996.
The 1996 Telecommunications Act allowed ownership of multiple broadcast stations as long as those stations did not reach more than 35 percent of the market
Answer:
$5,026
Explanation:
Year 1 Year 2 Year 3
Cash flows 1,000 2,000 3,000
Discount factor 1/1.08 1/(1.08)^2 1/(1.08)^3
Discount Factor= .93 .86 .79
Cash flows*discount factor
1000*.93 2000*.86 3000*.79
Net present value of cash flows
930 1,715 2,381
930+1715+2381=5,026 is the maximum amount one can pay for this investment