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Ainat [17]
3 years ago
5

At January 1, 2008, Kobe Enterprises reported accounts receivable totaling $3,500. During the month, the company had credit sale

s of $5,000 and collected cash on accounts of $6,000. At the end of January, the balance in accounts receivable is:
Business
1 answer:
VashaNatasha [74]3 years ago
7 0

Answer: = $2,500

Explanation:

Given that,

Beginning accounts receivable = $3,500

Credit sales = $5,000

Collected cash on accounts = $6,000

Ending balance in accounts receivable = Beginning accounts receivable + Credit sales - Cash collections

                                                                  = $3,500 + $5,000 - $6,000

                                                                  = $2,500

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Im so sure but I can help you later just give me a few minutes
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Company Z is a U.S. company that is the first in this country to produce a good that is already produced in many foreign countri
lina2011 [118]

Answer:

Infant industry.

Explanation:

In this scenario, Company Z is a U.S. company that is the first in this country to produce a good that is already produced in many foreign countries and sold in the United States. Most likely, the argument it will voice in its attempt to be protected from foreign competition is the infant industry argument.

An infant industry can be defined as an industry that is still in its early stages of development and as such are not capable of competing with foreign companies.

<em>Hence, according to the infant industry theory the argument would be that infant industries should be offered some kind of protection from competitors in other industries either foreign or local until they mature and develop a good and reputable economies of scale. </em>

6 0
3 years ago
limited government licenses that create a monopoly do so because part 2 a. the license grants a marginal cost advantage. b. the
sammy [17]

Limited government licenses that create a monopoly do so because the license is an entry barrier.

Hence, option C is correct.

What do you mean by monopoly in economics?

Monopoly can be defined as  a situation where there is a dominance of a single seller in the market.  It is opposite to the concept of perfect competition. An unregulated monopoly possesses market power and can influence prices in the overall sector.

The main features revolves around

  • Only One Seller and Various Buyers.
  • No Produce Replacement Option
  • Very Difficult to Enter in Market.
  • Pricing Control.
  • Government Driven.
  • Natural Monopoly.

There are usually three types of monopoly

  • Natural Monopolies.
  • State Monopolies.
  • Un-natural Monopolies.

To know more about monopoly from the given link

brainly.com/question/28841635

#SPJ4

3 0
1 year ago
He allowance method of estimating uncollectible accounts receivable based on an analysis of receivables shows that $640 of accou
dsp73

Answer: <u><em>The adjusting entry at the end of the year will include a credit to Allowance for Doubtful Accounts in the amount of:  $750</em></u>

Given:

Accounts receivable = $640

Allowance for Doubtful Accounts = $110

<em><u></u></em>

<em><u>Therefore, the correct option is (c).</u></em>

4 0
3 years ago
What legal action can be taken against a bully in the workplace?
guapka [62]
The employer can be sued
5 0
2 years ago
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