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Ad libitum [116K]
3 years ago
6

When quantity demanded is greater than quantity supplied, the resulting shortage causes the price to fall?

Business
1 answer:
anygoal [31]3 years ago
5 0
No, the price will rise because more people are competing for the products
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The Allowance for Doubtful Accounts account has a year-end credit balance, prior to adjustment of $500. The bad debts are estima
Elan Coil [88]

Answer:

Estimated balance of Doubtful Account after adjusting entry = $4,200

Explanation:

Given:

The credit balance of Doubtful Account = $500

Computation of estimated balance of Doubtful Account after adjusting entry:

Estimated balance of Doubtful Account after adjusting entry = 7% of $60,000

Estimated balance of Doubtful Account after adjusting entry = $4,200

After adjusting entry , Total amount credited in Allowance for Doubtful Accounts is $4,200

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3 years ago
Would you use Real GDP or Nominal GDP to accurately calculate growth in 2011? Explain in three to four sentences.
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When executives from competing firms meet to decide which of them will submit the lowest bid on a contract, they are indulging i
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That is called "price fixing"
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Discuss the negative effect of technology on work-life balance
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8 0
2 years ago
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The term receivables turnover ratio refers to an accounting measure that quantifies an agency's effectiveness in amassing its debts receivable.

An example of turnover is whilst new employees leave, on average, once every six months. An instance of turnover is whilst a shop takes, on common, three months to sell all its cutting-edge inventory and requires new inventory. The fee at which workers in a business enterprise, sufferers in a medical institution, and many others. are replaced.

Turnover is an accounting idea that calculates how quickly a business conducts its operations. most often, turnover is used to recognize how speedy an agency collects cash from debts receivable or how speedy the organization sells its stock.

Turnover is the whole income made by means of a commercial enterprise in a positive duration. it's every now and then known as 'gross revenue' or 'earnings'. this is one-of-a-kind to earnings, which is a degree of profits.

Learn more about Turnover here: brainly.com/question/27523896

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1 year ago
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