Answer:
d. Credit to Accounts Receivable.
Explanation:
Hutley Inc. is not going to pay the $8,000 to Searcy, therefore Searcy will make the following entry to write off the balance from Account Receivables.
Debit: Allowance for Doubtful Accounts $8,000
Credit: Accounts Receivables $8,000
To write-off Hutley Inc. receivables.
c) a big recording company buys a small independent label
It is typical in capitalistic economies for larger companies to buy out their competition, absorbing smaller companies. This kind of economic change can result in large changes in management for the smaller companies because the company that now owns them may hire or fire people based on what they feel best meets the needs of the newly acquired company.
Answer:
present worth = $7380
Explanation:
given data
initial cash flow = $23,000
geometric gradient = 2%
interest rate i = 10% per year
time period = 5 year
solution
we get here present worth cost that is
present worth = initial cash flow ×
......................1
put here value and we get
present worth = $23,000 ×
present worth = $23,000 × 0.32087
present worth = $7380
Answer:
C. They set a price where the demand matches the quantity they are
willing to supply
Explanation:
The equilibrium price is the current market price as determined by supply and demand forces. It is the price at which buyers are happy to buy the entire supplied quantities. Suppliers are also happy to sell that quantity at the set price. The equilibrium price is, therefore, the intersection of the demand and supply curves.
At the equilibrium price, there is no excess or short supply of a product in the market.