Answer:
C) supply is perfectly inelastic.
Explanation:
In the case when the supply is perfectly non-elastic so the demand would measures the price entirely that means it calculated the overall price at the time when there is a perfectly non-elastic supply
So according to the given scenario the option c is correct
And, the rest of the options are incorrect
So the same is relevant
When price discrimination occur, implies that the firm is losing money.
When a company starts to charge customers a different prices in a certain product, this simply means that the company is losing money. The firm will charge customers based on their financial statuses.
Answer:
Disclose the condition of the roof, as she is aware of the leak.
Explanation:
THESE ARE THE OPTIONS FOR THE QUESTION
Tell the buyer's agent she is acting as a limited service agent and to ask the seller.
Tell the buyer's agent she has no knowledge of the property's condition.
Disclose the condition of the roof, as she is aware of the leak.
Go to the property and inspect the roof more closely.
Keira been a limited service agent owes a duty to disclose fact as regards materials property that she is aware of. Since, the seller talked about the condition of the roof when they met, her failure to disclose the fact about it could make her to be guilty of misrepresentation
Answer:
The correct answer is: in all decision making.
Explanation:
Economic analysis is used in all walks of life, in decision making. It is not only relevant for policymaking or in business or for students. Rather, it is used in day to day life as well.
Almost all the decision we make is based on cost-benefit analysis. It used by households and individuals for utility maximization. It is used by businesses for profit maximization and is used by policy makers for welfare maximization.
Answer:
Debit Bad debt expense $19,000
Credit Allowance for doubtful debt $19,000
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.
Where a debit that had previously been determined to have gone bad gets settled, debit cash and credit bad debt expense.
Amount that may be uncollectible
= 4% * $600,000
= $24,000
Given that the Allowance for Doubtful Accounts has a $5,000 credit balance before adjustment, the additional amount to be adjusted for
= $24,000 - $5,000
= $19,000
