Answer:
Bad debts expenses for the year $ 44,400
Explanation:
Computation of Bad debts expenses for the year
Estimated uncollectible accounts based on ageing of receivable $ 49,400
Pre adjustment credit balance-allowance for uncollectible account <u>$ 5,000</u>
Bad debts expenses for the year $ 44,400
Answer:
Vaughn must sell 1588 Units in 2020 to maintain the same income level as 2019
Explanation:
Selling price for 2020 = 500 per unit
Variable cost for 2020 = 300 x 10% + 300
= 300 x 0.1 + 300
= 30 + 300
= 330 per unit
Fixed cost for 2020 = 240000-10000
= 230000
Required unit = (Fixed cost+Net income)/Contribution margin per unit
= (230000+40000) / (500-330)
= 270000 / 170
= 1588.24
Required unit = 1588 Units
Answer:
A surplus exists in a market if the supply happens to be excessive
Explanation:
In a situation where there is surplus, this shows that the quantity supplied is more than the quantity demanded which would allow to incur low sales hence; there would be reduction in price in order to avert such and increase the demand.
you own 30% of the shares issued.
Hi there.
I recently learned in Social Studies that services are usually intangible services. They have value, but you cannot physically touch them.
I'm also using the process of elimination. With that, I give you my best guess:
A. Because it provides support but no tangible goods.
Hope this works out for ya!
