Answer:
The company report on its balance sheet at December 31, 2010, as accounts receivable before the allowance for doubtful account is $590,000
Explanation:
The computation of the accounts receivable before the allowance is shown below:
= Beginning account receivable balance + bad debt expense - uncollectible accounts receivable
= $540,000 + $90,000 - $40,000
= $590,000
The bad debt is an expense so it will be added whereas the account receivable which is not yet collected should be deducted in the computation part.
Answer:
1. c. has no control over the price it pays, or receives,in the market
2. c. firms are at the mercy of market forces.
3. buyers can expect to find consistently low prices and wide availability of the good that they want.
Explanation:
A competitive market has the following characteristics.
1. Firms are price takers. They do not set the price for their goods and services. They accept the price set by market forces. Price is set where the demand curve intersects the supply curve.
2. There are no product differentiation. All sellers sell identical goods and services.
3. There are no barriers to entry or exit of firms in the industry.
4. Firms make zero economic profit in the long run.
5. There are many sellers and buyers.
I hope my answer helps you.
Aaaaaaaaaaaaaaaaaaaaaaaaaaaaa
Answer:
Advantage: It'll take fewer cars sold to increase their revenue
Disadvantage: It will be harder to sell cars since the prices did rise.
Explanation:
Inflation: 2.
ECONOMICS
a general increase in prices and fall in the purchasing value of money.
P.S. it did say in Germany not directly to BMW company so it may be wrong....
