The amount of uncollectible accounts expense recognized on the Year 2 income statement is $1,830.
Explanation:
- On January 1, Year 2, Grande Company had balance = $69,600 in the Accounts Receivable account
- Grande provided services = $183,000
- The Allowance for Doubtful Accounts account = $2,600
- The company collected cash from accounts receivable = $215,500
- Uncollectible accounts are estimated to be = 1% of sales on account
- Thus, following calculation gives the desired result,
- Multiply amount of Grande services with 1% sales on account.
- i.e : $183,000 sales on account × 1% = $1,830
- So, the amount of uncollectible accounts expense is $1,830 as the income statement for the 2nd year.
- The reserves are recorded when, the uncollectible accounts expense are debited and credit the allowance for the uncollectible accounts.
- There are many reasons for the uncollectible accounts such as,
- the debtor's bankruptcy,
- the inability to get the debtor,
- fraud, etc
Answer:
To total Consumer Surplus in the market = $3,612.50
Explanation:
Quantity demanded:
is the amount that buyers are willing and able to buy at a particular price.
The demand curve:
shows how much buyers are willing and able to buy at different prices.
Consumer surplus is the difference between the maximum price a consumer is willing to pay for a good or service and its market price.
The answer is option "a-true".
According to the speculations or theories of Smith, Ricardo, and Heckscher-Ohlin, the consequences of free trade include both static and dynamic economic gains. It includes static economic gains because free trade supports a more elevated amount of local utilization and more proficient use of assets, and the reason dynamic economic gains are included in free trade consequences is that free trade stimulates monetary development and the formation of wealth.
Answer:
This may be something you must answer yourself. Lets say you just bought some really nice suede shoes. It's winter, and the suede is actually keeping your feet really warm unlike other shoes. Why'd you make the purchase? It was cold and you needed new shoes that would keep your feet warm, and maybe the reason you bought new shoes made out of a more rough material is because your older shoes were made out of canvas. How did the marketing functions affect your decision? Because suede is durable, and it also keeps your feet warm. Maybe the shoes were designed to be winter shoes, or maybe they were just suede skate shoes, and you know that suede keeps your feet warm. How come you wanted the product? Because your feet were cold in your old shoes, and you just needed new shoes!
Explanation:
i hope you understand what this question is asking you now.
Answer:
The offer at $4.60 by the broker is higher than the calculated fair value of $4.545 hence i will not take up his offer
Explanation:
Given data:
stock A = $100 at t = 0
in two worlds : good scenario ; stock A = $120
bad scenario ; stock A = $70
probability = 0.5
annual risk less rate = 10% = 0.1
To determine if to take the offer or not we have to calculate the call option using the given parameters
Cu = 
= $4.545
The offer at $4.60 by the broker is higher than the calculated fair value of $4.545 hence i will not take up his offer
