Answer:
$ 2,260
Explanation:
Since Allowance method is used,
Bad Debt Expense balance would be % estimated to be uncollectible.
Balance in Bad Debt Expense after adjusting entry would be
= $ 113,000 Credit sales x 2%
= $ 2,260
Answer:
a stock crash
Explanation:
Speculation refers to trading high risk securities in an attempt to earn higher than normal returns. Speculators use stock market fluctuations to purchase and sell risky securities, and when it is aired with buying on the margin the risk increases by the margin amount. Speculators profit from abrupt changes in security prices, and sometimes will artificially increase the price of securities (i.e. a stock market bubble).
Consumer confidence is vital for an economy's health and when it falls, the first place that takes notice of it is the stock market. A decrease in consumer confidence means less private consumption which inevitably results in an economic recession.
When both factors meet, over speculation and a decrease in consumer confidence, the result is the bursting of the stock market bubble and a sharp decrease in prices.
Answer:
A.50%.
Explanation:
The price elasticity of demand formula is:
PED = Change in quantity demanded / change in price
plugging the amounts into the formula we obtain:
2 = X / 25%
Now, simply solve for X:
2 x 25% = X
50% = X
Thus, the total quantity demanded would increase by 50%
Answer:
equation will be 2x+5
Explanation:
We have given the cost of shipping box = $5
Flat packing fee = $5
As given, the cost of shipping a box is based on its weight in pounds so it is variable
And a flat rate of $5 for packing. This means $5 is common for each parcel that will be sent. Only the weight will vary.
So the equation will be 2x+5