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OLEGan [10]
3 years ago
5

A debit balance in the Allowance for Doubtful Accounts A. is the normal balance for that account.B. indicates that actual bad de

bt write-offs have been less than what was estimated.C. cannot occur if the percentage of receivables method of estimating bad debts is used.D. indicates that actual bad debt write-offs have exceeded previous provisions for bad debts
Business
1 answer:
charle [14.2K]3 years ago
8 0

Answer: The correct answer is "D".

Explanation: A debit balance in the "Allowance for Doubtful Accounts" indicates that actual bad debt write-offs have exceeded previous provisions for bad debts. So there was an estimating error of "Allowance for Doubtful Accounts".

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The perfectly competitive firm's short-run supply curve is the Group of answer choices upward-sloping portion of its average tot
allochka39001 [22]

Answer:

Portion of its marginal cost curve that lies above its average variable cost curve.

Explanation:

This is explained to be the portion of its marginal cost curve because marginal gross benefits exceeds marginal cost, the firm can earn greater profits by increasing its output.

These profits are been maximized by choosing to supply the level of output where its marginal revenue equals its marginal cost. When this revenue is below the said marginal cost, money is lost, and consequently, it must reduce its output. Profits are however utilized when the firm chooses the level of output where its marginal revenue equals its marginal cost.

4 0
4 years ago
Refer to the following selected financial information from our company. Compute the company's profit margin for Year 2.
Marianna [84]

Answer:

a. 14.1%

Explanation:

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Net Profit Margin = Earnings Before Tax / Sales × 100

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                             = 14.05 or 14.1 %

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3 years ago
Innovations imagine is a new york-based business that specializes in creating new products for the market place. as the company
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3 0
4 years ago
Where would you find every escrow entry showing the running balance after each receipt or disbursement?
spin [16.1K]
<span>You will find every escrow entry showing the running balance after each receipt or disbursement in a journal kept by the sponsoring broker. This journal must show the chronological order of the transactions when funds are received or disbursed by the sponsoring broker.</span>
7 0
3 years ago
Luciana is the first to offer a new product to customers in the local market and expects no competitors to emerge for at least t
storchak [24]

Answer:

skimming.

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This strategy works by charging a high initial price that will be accepted by the first customers and after the first demand is satisfied, the price will be reduced to attract the most price sensitive customers.

8 0
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