Which action is among the recommendations for decreasing global hunger in the long run?

Using the allowance method of accounting for uncollectible receivables. April 1 Sold merchandise on account to Jim Dobbs, $7,500

pentagon [3]

Answer:kindly check attached picture for details

Explanation:

Using the allowance method of accounting for uncollectible receivables. April 1 Sold merchandise on account to Jim Dobbs, $7,500. The cost of the merchandise is $3,000. June 10 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder. Oct. 11 Reinstated the account of Jim Dobbs and received cash in full payment.

6 0

3 years ago

You run a game-day shuttle service for parking services for the local ball club. Your total costs for different customer loads a

kirill [66]

Answer and Explanation:

a and b. The average total cost and the marginal cost is shown below:

As we know that

Average cost is

= Total cost ÷ total number of customer loads

And, the Marginal cost is

= Additional total cost incurred for extra units generated

So based on this, the marginal cost and the average total cost are as follows

Customer load level Total cost Average cost Marginal cost

0 $27

1 $30 $30 ÷ 1 = 30 30 - 27 = 3

2 $32 $32 ÷ 2 = 16 32 - 30 = 2

3 $35 $35 ÷ 3 = 11.67 35 - 32 = 3

4 $38 $38 ÷ 4 = 9.5 38 - 35 = 3

5 $42 $42 ÷ 5 = 8.4 42 - 38 = 4

6 $48 $48 ÷ 6 = 8 48 - 42 = 6

7 $57 $57 ÷ 7 = 8.14 57 - 48 = 9

8 $68 $68 ÷ 8 = 8.5 68 - 57 = 11

c. Now the customer loan you want is

As we know that

Profit = Marginal revenue - marginal cost

And, as we can see that at marginal cost 9 we can load 7 customers so the 7 customers would be wanted

3 0

3 years ago

Major limitations of the balance sheet include all of the following except: it necessarily omits many items that are of financia

olga_2 [115]

Answer:

Option D Only amounts known with absolute certainty are reported

Explanation:

This is incorrect statement because International Accounting Standard IAS 37 Provisions, Contingent Liabilities and Contingent Assets sheds light on the recording of future events that will arise as a result of past events. The standard is useful in estimating future events so saying that the absolutely certain amounts are reported is incorrect.

4 0

4 years ago

Sonya and taylor enter into an oral contract that is required to be in writing to be enforceable. Such a contract is normally.

zhannawk [14.2K]

Such a contract is normally voidable by a party who does not wish to follow through with it.

Voidable Contract: A formal agreement between two parties that is voidable can become unenforceable for a variety of legal reasons, such as: failure to reveal a crucial truth by one or both parties. a blunder, false statement, or fraud. excessive pressure or coercion.

A contract involving a minor is an illustration of one that is voidable. Although minors are able to sign contracts, they are also free to choose to break them without facing any consequences.

fraud, deception, misrepresentation, and coercion. A contract may be voidable if permission was obtained for it in one of several dubious methods. The party who was the victim of unfairness has the right to revoke contracts that were made as a result of force, threats, lies, or inappropriate influence.

What are the effects of a contract that can be voided?

If a party to a voidable contract has received anything from another party under that contract, that party must return that thing, to the extent possible, to the person from whom it was obtained.

To learn more about Voidable Contract, visit the following link:

brainly.com/question/17162523

#SPJ4

6 0

1 year ago

The government can shift or influence supply in a market by providing subsidies (money) to businesses or by taxing them heavily.

scoundrel [369]

I think it’s false , sorry if it’s wrong :(

5 0

3 years ago