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zmey [24]
3 years ago
6

A popular airline knows that, in general, 95% of individuals who purchase a ticket for a 10-seat commuter flight actually shows

up for the flight
Business
1 answer:
kobusy [5.1K]3 years ago
3 0
That statement is true.
According to the statistic, 5 % of individuals who purchased the ticket never actually showed up (which means 95% of them actually showed up).
Because of this, Airlines tend to sell more tickets that their total seats in order to maximize their profit.
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The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2016:
dybincka [34]

Answer:

a. June 30, 2016 adjusting entry for bad debt expense

Dr Bad debt expense 9,108

    Cr Allowance for doubtful accounts 9,108

b. August 15, 2016, uncollectible accounts are written off

Dr Allowance for doubtful accounts 3,251

    Cr Accounts receivable 3,251

c. Allowance for doubtful accounts

                                       debit                       credit

June 30, 2016                                               $38,565

August 15, 2016          <u>$3,251                                       </u>

August 15, 2016                                             $35,314

Explanation:

Number of Days      Total Accounts          Historical %            Total

Unpaid                      Receivable                Uncollectible  

Not yet due                      $128,200               3%                       $3,846

1-30 days past due           $90,900              13%                         $11,817

31-60 days past due         $55,300              19%                       $10,507

<u>Over 60 days past due     $33,500             37%                      $12,395  </u>

Total                                                                                          $38,565

6 0
3 years ago
Which of the above diagrams illustrates the effect of an increase in automobile worker wages on the market for automobiles?
ziro4ka [17]
Considering the diagrams (file:///C:/Users/Administrator/Desktop/image...1.webp).
The answer is D only.
The diagram shows a shift in the supply curve. Changes in production cost and related factors can cause an entire supply curve to shift right or left. This in turn causes a higher or lower quantity to be supplied at a given price. Additionally, if the cost of resources used to produce  a good increases, sellers  or suppliers will be less inclined to supply the same quantity at a given price, and the supply curve will shift to the left. Those factors that increase production efficiency such as technology advances, shifts the  supply curve to the right.
7 0
3 years ago
All of the following are alternative forms of institutional advertisements EXCEPT:
forsale [732]

Answer: B. Public Service

Explanation:

There are 4 alternative forms of institutional advertisements being;

  1. Competitive - These types of adverts aim to show that the product presented is better than that of the competitor by showcasing its benefits and features.
  2. Reminder - As the term implies, this advertisement is meant to remind you. Remind you of the product being offered and how it has been beneficial to you.
  3. Pioneering - This is for products that are just starting out and need to be introduced to inform the market of its existence.
  4. Advocacy - These focus on telling the audience the position a company has on an issue.

These are the four alternative forms of institutional advertisements and Public Service is not one of them.

4 0
3 years ago
As the production planner for Xiangling Hu Products, Inc., you have been given a bill of material for a bracket that is made up
Klio2033 [76]
<h3>Explanation:</h3><h3>Part (a):</h3>

Solved part is attached as an image.

<h3>Part (b):</h3>

Let us first determine the amount required of each item to produce 1 bracket.

From the attached diagram, we can see that to manufacture 1 bracket, quantity of each item needed is,

Base = 1

Spring = 2

Clamp = 1 + 4 = 5

Housing = 2

Handle = (1 * 1) + (4 * 1) = 5

Casting = (1 * 1) + (4 * 1) = 5

Bearing = 2 * 2 = 4

Shaft = 2 * 1 = 2

Hence, for 50 Brackets, quantity of each item required will be,

Base = 1 * 50 = 50

Spring = 2 * 50 = 100

Clamp = 5 * 50 = 250

Housing = 2 * 50 = 100

Handle = 5 * 50 = 250

Casting = 5  * 50 = 250

Bearing = 4 * 50 = 200

Shaft = 2 * 50 = 100

<em>NOTE: The above quantities give exclusive quantities required for each item. In actual practice, we won't have to purchase base, clamp & housing separately as the will be assembled from their components which are already procured.</em>

<h3>Part (c):</h3>

As 25 bases are already in stock, parts for them will not be needed. I will refer the quantities subtracted due to this by indicating (B). Similarly, quantities subtracted due to clamps will be indicated as (C).

Base = 50 - 25 = 25

Spring = 50

Clamp = 250 - 100 - 25(B) = 125

Housing = 100 - (2*25)(B) = 50

Handle = 1 * 125 = 125

Casting = 1 * 125 = 125

Bearing = 2 * 50 = 100

Shaft = 1 * 50 = 50

6 0
3 years ago
Teller's checks and personal checks are classified as
Veseljchak [2.6K]
The awnser to the question is A Drafts
6 0
2 years ago
Read 2 more answers
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