expansion to contraction
Explanation:
The peak in a business cycle is marked by super-heated business sentiments, growth in business and increased production and hence enhanced profits. However, the transition to peak cycle is marked by a continuous phase of declining production capacity, depreciating profits and contraction of the business process.
Peak, contraction, slowdown, recovery is the phases of the cyclical business process. Peak gives way for contraction which eventually leads to slowdown. After a brief period of lull, the business recovers and again it ascends its peak and the cycle continues.
Using the allowance method, is bad debt expense recognized in the period in which sales related to the uncollectible account are made.
One of the most typical types of bad debt is credit card debt. Lenders issue credit cards, which let you make purchases on credit. These credit cards frequently have exorbitant interest rates that can soon become out of control.
Bad debt costs are typically listed on the income statement as a sales and general administrative expenditure. Accounts receivable on the balance sheet are reduced when bad debts are recognized, but firms still have the right to collect money if the situation changes.
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When firm finances new investments, then set up accounts payable with suppliers, in which the balance that the firm must supply is called the investment in net "<u>Working</u>" capital.
This is because investment in net <u>working</u> capital is when the capital remains when the current liabilities are removed from the current assets.
The net <u>working</u> capital can be any of the cash, accounts receivable, inventory, and short-term investments or a combination of any of these elements.
The net <u>working</u> capital can be used to pay debts or invest in the growth of the company.
Hence, in this case, it is concluded that the correct answer is "Net Working Capital."
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Answer:
gives buyers an incentive to buy less of the good than they otherwise would buy
Explanation:
The tax on the product means that it provided the inventive to the buyer in the case when the buyer purchase less of the product as compared when they purchase in other way
So according to the given situation, the tax on a good fits to the first option only
Therefore only first option is correct
Hence, the other options seems incorrect
Answer:
A. Chang has the legal right to sue for damages.
B. Moser cannot get out of the contract due to duress.
Explanation:
Chang has the legal right to sue for damages that occurred due to the accident, this is because it is stated that Moser negligently collided with Chang's car.
Moser cannot get our of the contract due to duress because Chang did threaten to sue Moser for what directly had to do with the incident. If Chang had threatened to sue Moser for something else entirely, then Moser can claim duress. Also, Moser can't claim duress, especially since she had no insurance.
