Answer:
Journal entry
Explanation:
The journal entry is as follows
Bad debt expense $22,305 ($22,750 - $445)
To Allowance for doubtful debts $22,305
(Being the bad debt expense is recorded)
While recording this transaction ,we debited the bad debt expense as it increases the expenses account while at the same time it reduces the asset side of the balance sheet so the allowance would be credited
Answer:
long-run average total cost decreases as output increases.
Explanation:
Answer:
The correct answer is option c.
Explanation:
Prisoner's dilemma is a common concept in the game theory. It shows why two rational individuals will not cooperate. Two prisoner's have the choice to cooperate with each other and remain silent or blame the other.
The Nash equilibrium for both the payers here will be to betray each other. But this will incur cost on both of them. If the players could cooperate with each other, they would not agree to this.