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STALIN [3.7K]
3 years ago
15

When consumers purchase cell phones, they also often purchase a protective case to take care of the cell phone. As the price of

a cell phone rises, the demand for a protective case shifts to the left. This means cell phones and a protective case are Choose one:
A. substitutes
B. inferior goods
C. complements
D. normal goods
Business
1 answer:
choli [55]3 years ago
5 0

Answer: Complements

                                 

Explanation: In simple words, complement goods refers to those goods which are used together for example -  petrol and petrol car. These goods have negative elasticity of demand, means when the price of one increases the demand for the other decreases.

Hence from the above we can conclude that phone and phone case is an example of complementary goods.o the other decreases.

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Gonzalez Company has been in business for several years. At the end of the current year, the ledger shows:
Westkost [7]

Answer:

Debit : Bad Debts = $16,370

Credit : Allowance for doubtful debts = $16,370

Explanation:

The question states that bad debts are expected to be 5% of the accounts receivables. This means that it is: $327,400 x 5% = $16,370.

An account for allowance for doubtful debts is a contra account created, predicting that certain debtors will not be able to pay for the goods and services they purchased. The 5% may be based on historical experiences. Doubtful debts aren’t officially uncollectible, it is simply a prediction, but bad debts are, where you have officially written off a certain accounts receivable as uncollectible.

An allowance for doubtful debts is recorded in the balance sheet, directly under accounts receivables. Bad debts are recorded as an expense in the income statement.

The initial entry for allowance for doubtful debts is incorrect, hence it would have to be corrected before the new amount can be recorded. Correction:

Debit : Allowance for doubtful debts = $7900

Credit : Bad debts = $7900

The accounts will be cancelled off and the new entry can be recorded...

Debit : Bad Debts = $16,370

Credit : Allowance for doubtful debts = $16,370

When the amount is officially declared uncollectible, the allowance for doubtful debts account will be debited and the accounts receivables account will be credited.

6 0
4 years ago
Marco wants to cancel his department store credit card so he threw it away after he paid last month's balance. Was this a good i
ANTONII [103]

Answer:

1. No, becuase someone could steal it.

2. No, becuase the fine you get for not paying a bill will grow.

Explanation:

3 0
3 years ago
Xyz company is a low-cost provider. xyz is most susceptible to
Alex777 [14]
Xyz company is a low-cost provider. Xyz is most susceptible to ANY NEW INNOVATIONS OR INVENTIONS FROM A COMPETITOR COMPANIES.
Low cost strategy is one of the three generic marketing strategies. It is a pricing strategy in which a service provider or a company reduces the cost to increase profit and demand.
5 0
3 years ago
Su Industries has international subsidiaries in Asia. These subsidiaries enter into transactions in both the US dollar and local
Savatey [412]

Answer: Increase / Gain of $36,000

Explanation:

Remeasurement loss, which arises from conversions of the various currencies used by the company to a functional currency, goes to the Income statement and is subtracted from the Net income.

Translation gains on the other hand, are added to the Other Comprehensive income.

The other comprehensive income will therefore increase by the translation gain of $36,000.

5 0
3 years ago
What is 700 units at $6.80 value
jek_recluse [69]

Answer:

$4760

Explanation:

700 units at 6.80 value/unit

700 x 6.80

= 4760

8 0
3 years ago
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