There exists unfair pricing policy in a market which is not purely competitive, and the seller may have monopolistic advantage.
<h3>What is unfair pricing policy?</h3>
Unfair pricing policy refers to charging different prices to different consumers for the exact product by a seller due to having a competitive advantage, leading to unfair trade.
Hence, the unfair pricing policy is as defined above.
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Answer:
The question is:
a. Journalize Valley's written off of the uncollectible receivables
b. What is the Account Receivables of Valley at May 31st 2018.
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The answer is:
a.
31 May 2018
Dr Bad Debt expenses 1,100
Cr Account Receivables 1,100
( to written off of the uncollectible receivables)
b.
The balance of Account Receivables as at 31 May 2018: $24,900
Explanation:
a. Because direct written-off method is applied, the uncollectible amount is only recorded when it incurred rather than when it is foreseen. Bad debt expenses is debited and an offsetting credit is recorded straight into Account Receivables account ( instead of Provision for Uncollectible account).
b. The balance at end of May is calculated as:
Ending balance of April + Credit sales in May - Collection of credit sales in May - Uncollectibale amount recorded in May = 19,000 + 22,000 - 15,000 - 1,100 = $24,900.
Answer:
computer integrated manufacturing.
Explanation:
Robotic process automation can be defined as a technical process which typically involves the automatic performance of a task by a computer-based software.
Computer-assisted manufacturing (CAM) can be defined as manufacturing process which typically involves the use of specialized computer systems to instruct, guide, and control the transformation process of inputs (raw materials) into finished goods (outputs).
Basically, computer-assisted manufacturing (CAM) avails manufacturers or business owners the ability to infuse process control into their production or assembly line and as such enhancing the level of production, performance and efficiency.
Generally, process control is mainly used in manufacturing industries such as food and beverages industries, oil and gas refinery industries, power (electricity) generation industries, chemical processing industries, and wastewater management industries where the production of materials from raw materials are continuously without any interruption.
Hence, the main purpose of computer-assisted manufacturing (CAM) is to ensure that the manufacturing process is done with better quality, consistency, safety standards and efficiency through the adoption (use) of specialized software applications for machine automation.
In conclusion, we can deduce that David is interested in computer integrated manufacturing.
Answer:
Answer is $1,365.3 billion, 5.
Refer below.
Explanation:
Suppose the current reserve ratio is 25% and the level of checkable deposits represents total reserves. If the Federal Reserve lowered the reserve ratio to 20%, excess reserves are now $1,365.3 billion and the money multiplier is 5.
Answer:
November 27 Debit Credit
Bank $15,750
(15,000+15,000*10%*180/360)
Accrued interest income $125
Interest income $625
Note receivable from customer $15,000
Explanation:
The following journal entry shall be booked by the Louvers, Inc. in its accounts as at November 27 in respect of note from customer:
November 27 Debit Credit
Bank $15,750
(15,000+15,000*10%*180/360)
Accrued interest income $125
(Interest receivable recorded at June 30)
Interest income $625
(Interest income from June 30 to November 27)
Note receivable from customer $15,000
