Answer:
d. cost-less will go out of business, and durable will gain higher power over its customers.
Explanation:
Durable ceramics, inc will only reduce its prices if this is to its advantage. We live in a capitalist world where companies make decisions based on their own benefits. In this case, in order for Durable ceramics, inc to lower its prices and have no losses, it would expand its sales. In this way, Durable ceramics, inc would be able to capture customers from its competitors, and could make them go bankrupt.
Thus, we can conclude that if Durable ceramics, inc reduced its prices, Cost-Less would go out of business and Durable would gain greater power over its customers.
Answer:
Debit bad debt with $4,000, and credit Accounts receivable also with $4,000.
Explanation:
New bad written off = Accounts receivable × 4% = $100,000 × 4% = $4,000
The journal entries will be as follows:
<u>Details Dr ($) Cr ($) </u>
Bad debt 4,000
Accounts receivable 4,000
<u><em>Being a bad written off the accounts receivable </em></u>
Answer:
the average collection period for accounts receivables is 41.2 days
Explanation:
Average Collection Period measures the amount of time it takes to collect credit from accounts owing.
Average Collection Period = Average Accounts Receivables / (Sales/365)
=(($27600+ $56400)/2) / ( $372000/365)
= $42,000/1019.178082
= 41.20967742
= 41.2 days
Answer:
Ella can sue The Eating Club since their advertisement contains language that could indicate a preference based on sex, which is a violation of the Equal Employment Opportunity Act. The law prohibits employment discrimination based on gender, race, color, age, sexual orientation, religion, national origin, disability, political beliefs, and marital or familial status.
Answer: Option A
Explanation: Assets having no physical existence are called intangible assets for example :- goodwill, patent rights.
Amortization can be defined as the method of distributing the value of intangible assets over its useful life, thus for amortization the asset must have a definite life.
While amortizing , first its recoverability is evaluated by comparing fair value with carrying value and after that the difference in both is calculated.
