The bank puts interest in your account because they take sum of it to loan to ppl and it’s goes through a lot and comes back to your account and then sum
Answer:
The correct answer is (d)
Explanation:
Better quality can help to reduce many costs such as customer’s dissatisfaction cost, inspection cost and warrant and service cost. When customers don't like the quality of the product they are likely to buy the same product from somewhere else that is the dissatisfaction cost. Still, maintenance cost is likely to incur no matter how good the quality is. Maintenance cost helps to keep the product clean and fresh for long-term use.
Answer:
The correct answer is option C.
Explanation:
The decision-making process followed by consumers assumes that consumers are rational beings who are trying to maximize their satisfaction using their limited income.
So these consumers will consume the good or combination of goods that maximize their total utility derived from the consumption of these goods.
The consumers have limited income, they are aware of the marginal utility they derive from the consumption of an additional unit and they are also able to rank their preferences.
Answer:
b. Such policies have the potential to equalize society.
Explanation:
Open mindedness policy means giving fair and equal opportunity to all and sundry without being bias. When considering open mindedness policy, information is shared to everyone without considering race, religion background or educational qualifications.
Open mindedness accepts people from diverse background and tends to listen first before judging. It also consider opinions from all side without segregation. Although this is the right thing expected but the result is usually not the case.
Unlike close mindednes which restrict information thereby limiting opportunities, open mindedness helps one to learn, unlearn, relearn and grow. It also comes with being honest-thats who you are.
Thus when policy is enacted on open mindedness, it has potentials to equalize the society.
Answer:
debit to Bad Debt Expense for $5800
Explanation:
Accounts receivable estimated as uncollectible = $8500
Allowance for Doubtful Accounts = $2700
Additional allowance for Doubtful debts required = $8500 - $2700
= $5800
The adjustment to record bad debts for the period will be
Debit Bad debt expense $5800
Credit Allowance for Doubtful Accounts $5800
The right option is debit to Bad Debt Expense for $5800
