Answer:
Debit to bad debt expense for $3,648
Explanation:
This is because the company needs to show the total amount in the Allowance for doubtful accounts as credit balance. It means that if for instance the balance today is $1,057 you'll need a new entry to adjust the balance with the bad debt.
It means that the entry must be a debit in bad debt expense for $3,648 while the corresponding credit goes to allowance for doubtful accounts.
Answer:
The correct answer is: market prices that are determined by consumers and producers acting in their own self-interest.
Explanation:
In a market system, the price of a good is determined by the intersection of demand for goods by consumers and the supply of goods by the producers. The price is determined at the point where the market forces of demand and supply are equal.
The producer is trying to maximize its profit while the consumer is trying to maximize its utility. Both are working for their self-interest and in this way are able to allocate scarce resources through the working of the market system.
The answer to your question is "Oligopolies."
An oligopoly is a market form where a market is controlled by a few large sellers or businesses. The type of market is going to effect the price in one of two ways. The first possibility is that the few businesses will work together, or collude, in order to establish higher than normal prices. The second possibility is that there will be fierce competition between the few sellers, which will result in a high level of competition and lower prices.
Answer:
3) The IRR of the project to your company is below 7.9%
Explanation:
As we can see in the question that at 7.9% wacc, the net present value is -$20,420.78
Since the net present value is in negative that shows that the internal rate of return would be less than 7.9%
So according to the given situation, the option 3 is correct
And, the same is to be considered
Answer:
- Period cost ⇒ $240
- Product cost ⇒ $560
Explanation:
First find out the amount of money that pertains to the first year:
= 2,400 / 3 years
= $800
Out of the $2,400, $800 is the payment for the year.
Product cost is the portion that would go towards manufacturing operations:
= 70% * 800
= $560
Period cost is the cost that applies to the selling and administrative activities:
= 30% * 800
= $240
