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3 years ago

If a good is both excludable and nonrival in consumption, then it is

1 answer:

6 0

If a good is both excludable and nonrival in consumption then it is A CLUB GOOD. A good is excludable when there is restricted access to it. A good is nonrival in consumption when the consumption by one customer does not reduce the amount of that good that can be consumed by another customer. A club good is one that have high quantity available but is meant for certain group of people only, not for everybody.

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The Allowance for Bad Debts has a credit balance of $ 9 comma 500 before the adjusting entry for bad debts expense. After analyz

Natali5045456 [20]

Answer:

$5,500

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Adjustments to allowance required

= $15,000 - $9,500

= $5,500

The entries to be posted are

Debit Bad debt $5,500

Credit Allowance for Doubtful debt $5,500

6 0

3 years ago

Bramble Corporation had January 1 and December 31 balances as follows. 1/1/17 12/31/17 Inventory $112,000 $133,000 Accounts paya

melisa1 [442]

Answer:

$604,000

Explanation:

Given that,

Opening Closing

Inventory $112,000 $133,000

Accounts payable $55,000 $64,000

Cost of goods sold = $592,000

Cost of goods sold = Opening stock + Purchases - Closing stock

Purchases = Cost of goods sold - Opening stock + Closing stock

= $592,000 - $112,000 + $133,000

= $613,000

Bramble’s 2017 cash payments to suppliers:

= Opening accounts payable + Purchases - Closing accounts payable

= $55,000 + $613,000 - $64,000

= $604,000

8 0

3 years ago

Write a short memo to Ms Loki explaining the business performance findings of your statement of cash flow.

UkoKoshka [18]

The memo explaining the business performance findings from the statement of cash flow will entails:

address of the receiver
subject of the memo
body of the memo.

<h3>What is a statement of cash flow?</h3>

This refers to the financial statement that shows how changes in balance sheet accounts and breaks the analysis down to operating, investing and financing activities.

Hence, the memo will inform Ms Loki about business performance findings especially on the cash position of the business such as the inflow and outflow of cash from the firm.

Read more about statement of cash flow

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8 0

1 year ago

A ________ is made up of a company, its suppliers, distributors, and, ultimately, customers who "partner" with each other to imp

nevsk [136]

The answer to this question is the term Value delivery network. A Value delivery network is a system that is made up of the participants like the company, suppliers, distributors that are all involved in the marketing, distributing, production, and even the customer service of the goods and services in a specific or geographic area / market. This team partners together for a common goal, to provide good service.

4 0

3 years ago

In a __________ distribution center, merchandise moves from vendors' trucks to retailers' delivery trucks in a matter of hours.A

Paul [167]

Answer:

Cross docking

Explanation:

Cross-docking is a practice in logistics of unloading materials from an incoming semi-trailer truck or railroad car and loading these materials directly into outbound trucks, trailers, or rail cars, with little or no storage in between.

It is also often used when handling time sensitive and perishable inventory. Due to the reduced shelf life, inventory needs to reach retailers with a reasonable remaining shelf life

3 0

3 years ago