1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Korolek [52]
3 years ago
13

During the process of confirming receivables as of December 31, Year 1, a positive confirmation was returned indicating the "Bal

ance owed as of December 31 was paid on January 9, Year 2". The auditor would most likely.
A. Determine whether there were any changes in the account between January 1 and January 9, Year 2
B. Determine whether a customery trade discount was taken by the customer
C. Reconfirm the zero balance as of January 10, Year 2
D. Verify that the amount was received
Business
1 answer:
romanna [79]3 years ago
8 0

Answer:

D. Verify that the amount was received.

You might be interested in
Suppose the demand for good X is given by Qd x = 10 - 2Px + Py + M. The price of good X is $1, the price of good Y is $10, and i
tekilochka [14]

Answer:

Option D.

Explanation:

The demand function for good X is

Q_x^d=10-2P_X+P_Y+M

where, P_X is price of good X, P_Y is price of good Y and M is income.

It is given that the price of good X is $1, the price of good Y is $10, and income is $100.

Substitute P_X=1, P_Y=10 and M = 100 in the given function.

Q_x^d=10-2(1)+(10)+(100)

Q_x^d=10-2+110

Q_x^d=118

None of the statements associated with this question are correct.

Therefore, the correct option is D.

3 0
3 years ago
In the long run equilibrium, a monopolistic competitor will produce to the point at which A) actual average total costs are at t
Artemon [7]

Monopolistic competition is the economic market model with many sellers selling similar, but not identical, products. The demand curve of monopolistic competition is elastic because although the firms are selling differentiated products, many are still close substitutes, so if one firm raises its price too high, many of its customers will switch to products made by other firms. This elasticity of demand makes it similar to pure competition where elasticity is perfect. Demand is not perfectly elastic because a monopolistic competitor has fewer rivals then would be the case for perfect competition, and because the products are differentiated to some degree, so they are not perfect substitutes.

Monopolistic competition has a downward sloping demand curve. Thus, just as for a pure monopoly, its marginal revenue will always be less than the market price, because it can only increase demand by lowering prices, but by doing so, it must lower the prices of all units of its product. Hence, monopolistically competitive firms maximize profits or minimize losses by producing that quantity where marginal revenue equals marginal cost, both over the short run and the long run.

3 0
3 years ago
A last-mile delivery service is looking into increasing capacity by purchasing new delivery vans. Two vans are being considered.
Inessa05 [86]

Answer: a. The drone option should be chosen because it is the least expensive in terms of both fixed cost and variable cost.

b. A and 20000, B and 20000

Explanation:

a. From the information provided, the correct option is option B "The drone option should be chosen because it is the least expensive in terms of both fixed cost and variable cost".

This statement is wrong has the drone has the largest fixed cost and variable cost. It's fixed cost of $100,000 is more than that of $70,000 and $60,000 for others.

b. A and 20000, B and 20000

A is preferred at volumes below 20000 while B is preferred at volume above 20000.

8 0
3 years ago
You would like to generate a number of potential ideas. What type of thinking would best facilitate this?a. Egocentric Tendencie
hammer [34]

Answer:

The correct answer is letter "C": Critical Thinking.

Explanation:

Critical Thinking is the type of thinking that allows individuals to discriminate and have a particular judgment over a specific matter. It helps by determining accuracy and validity on that topic by gathering a certain quantity of information to then highlight the most relevant.

7 0
2 years ago
1. Which of the following accurately explains why scarcity forces individuals and society to incur opportunity costs? A. Because
lozanna [386]

Answer:

explanation of opportunity cost:

A. Because of scarcity, people must make choices, and each choice incurs a cost

exampes of opportunity cost:

A. The money spent on a movie ticket cannot buy a Blu-ray player

C. The time spent preparing for a test cannot be spent playing computer games

Explanation:

The opportunity cost refers to the return or ouput of the resource used in the best alternative decision.

That means, the wages we get fro ma certain job most be compared with the wages we could do in another to really check if we are making a gain or not with our job.

Same applies for capital and other factors.

4 0
3 years ago
Other questions:
  • What to do with office space to make money? How would you arrange them?
    5·1 answer
  • People who are good leaders also are almost always good managers. <br> a. True <br> b. False
    6·1 answer
  • Anderson Corporation has provided the following production and average cost data for two levels of monthly production volume. Th
    15·1 answer
  • Company incurred the following costs while producing ​units: direct​ materials, per​ unit; direct​ labor, per​ unit; variable ma
    6·1 answer
  • he direct write-off method of accounting for uncollectible accounts a. emphasizes the matching of expenses with revenues. b. emp
    6·1 answer
  • The foreign-exchange market is located exclusively in the united states. true or false
    13·1 answer
  • QUESTION 1
    13·1 answer
  • A bond has a modified duration of 8 and a price of 112,955 calculated using an annual effective interest rate of 6.4%. EMAC is t
    8·1 answer
  • The Unadjusted Trial Balance columns of a work sheet total $84,000. The Adjustments columns contain entries for the following: O
    10·1 answer
  • Jacob’s daily tips this work week were $99, $78, $58, $91, $90, and $68. Is Jacob correct in thinking that the median best repre
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!