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nordsb [41]
2 years ago
7

Funsters, Inc., the largest toy company in the country, sells its most popular doll for $15. It has just learned that its leadin

g competitor, Toysorama, is mass-producing an excellent copy and plans to flood the market with their $5 doll in six weeks. Funsters should__________.
Business
1 answer:
sukhopar [10]2 years ago
6 0

Answer:

Funsters should increase the supply of its doll now before the other doll hits the market.

Explanation:

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Ana Co. uses the allowance method to account for bad debts. At the end of the period, Ana's unadjusted trial balance shows an ac
Afina-wow [57]

Answer:

A. $800

Explanation:

Ana Co.

Sales                            $500,000        

Accounts Receivable    $40,000      

Allowance for doubtful accounts   $300  Credit

Bad Debts Expense = 2 % of $ 40,000=   $  800          

The adjusting entry would be

Bad Debts Expense $ 800 Dr.

Allowance for doubtful accounts   $800  Credit    

As we already have a credit balance of $ 300 in the doubtful accounts we will increase it with an amount of $ 500.

Allowance for Doubtful Accounts $ 500 Debit

Account Receivable                     $ 500 Credit      

   

6 0
3 years ago
Which of the following statements is accurate?A. Firms that engage in ethical practices are always socially responsible. B. To a
vesna_86 [32]

Answer:

(C) Socially responsible firms automatically engage in ethical practices.

Explanation:

Social responsibility is an ethical theory, in which individuals are accountable for fulfilling their civic duty; the actions of an individual must benefit the whole of society. Examples of social responsibility marketing strategies includes: recyclable packaging, promotions that spread awareness of societal issues and problems, and directing portions of profits toward charitable groups or efforts.

6 0
3 years ago
which is most likely the reason why policymakers would impose a a price ceiling on the market for coffee?
trasher [3.6K]

The reason for imposing the price ceiling is to prevent the producer/seller from taking advantage of the consumer.

Price ceiling refers to an economic tools used by policymaker to mandate a maximum price that the seller must charge for sales of a product or service.

Price ceiling serves as a tool to prevent the producers from exploiting the consumers.

The price ceiling are imposed by the policymaker to prevent producer or seller of coffee to have price advantage of its sales to the coffee consumers.

Therefore, in conclusion, aim of preventing exploitation of consumer is the reason of imposing price ceiling on coffee market.

Read more about Price Ceiling here

<em>brainly.com/question/24644929</em>

4 0
3 years ago
Suppose the GDP of Australia is 100,000 AUD and the exchange rate between AUD and USD is 1.34 AUD=$1. What is the GDP of Austral
Hitman42 [59]

Answer:

The value of GDP in dollars = $74600

Explanation:

Given the GDP (gross domestic product) of Australia = 100000 AUD

Given the exchange rate, 1.34 AUD = $1.

Since we have given the total amount of GDP for Australia and exchange rate. Now we have to calculate the value of Australian GDP in the dollars. We can find this by dividing the total GDP with 1.34 AUD.

The value of GDP in dollars = 100000 / 1.34 = $74626.86 or $74600.

4 0
3 years ago
If the paint on your house was eaten away by the fumes from a factory nearby and you hired a lawyer to sue the polluting firm, y
AlexFokin [52]

Answer:

It would be external costs

Explanation:

7 0
3 years ago
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