Answer:
The estimated bad debt expense using the percentage of credit sales method is $4,250.
Explanation:
Credit losses = Net credit sales * Historical percentage of credit losses = $122,500 * 4% = $4,900
Allowance for doubtful accounts has a credit balance = $650.
The estimated bad debt expense can therefore be calculated as follows:
Bad debt expense = Credit losses - allowance for doubtful accounts credit balance = $4,900 - $650 = $4,250
Therefore, the estimated bad debt expense using the percentage of credit sales method is $4,250.
Answer:
No, the wage rate did not raise.
Explanation:
Given the nominal wage rate for the year 1999 = $37
CPI for 1999 = 166
The real wage for the year 1999 = [ Nominal wage / CPI ] x 100
The real wage for the year 1999 = [ 37/ 166] x 100 = $22.28
Given the nominal wage rate for the year 2001 = $37
CPI for 2001 = 180
The real wage for the year 2001 = [ Nominal wage / CPI ] x 100
The real wage for the year 2001 = [ 37/ 180] x 100 = $20.55
No the wage rate did not raise.
Answer:
A. increase; decrease; increase
Explanation:
If the inflation of United States is lower than in other countries, it means that the price level of United States products are relatively lower than price of products in other countries. So that, the foreign consumers want to buy U.S products more, leading to the increase in U.S. export.
Similarly, as the price of products in other countries are higher than that in the U.S., so that the U.S. residents want to buy domestic products more, reducing the imports of products from other countries, leading to the decrease in the U.S. import.
As the Net export = Export ↑- Imports↓
=> The Net export of US would increase
Answer:
e. cannibalization
Explanation:
Based on the information provided within the question it can be said that this is most likely due to cannibalization. In business terms, this refers to a decline in sales due to the fact that the company introduces a new product with the hope of increasing sales, but instead that product takes the spotlight and causes the sales for other products that provide more profit to actually decline. Which is what the grilled chicken is doing to the burger products in this scenario, causing Fenton's overall sales revenue to decline.
Answer:
The recession was extreme in the year 2008. Expansion and joblessness rise, and there was no positive development. Generally financial specialists propose an enormous spending program and a decrease in charge by the legislature to end the downturn. Such advance expands the quantity of tasks, builds GDP, and builds business. These are required to bring back the economy in the ordinary circumstance.
The president passed an improvement charge, which demonstrates 40% tax break yet no administration spending. In this manner, this is ½ the size what business analysts suggested. The impact of which was likewise halfway, since the downturn was halted yet restarting the development was practically inconceivable. Thus, the president was mostly right.
<u>Obama was correct.</u>