Answer:
The adjusting entry at the end of the year will include a credit to allowance for doubtful accounts in the amount of $910.
Explanation:
Allowance for Doubtful Accounts balance should be Credit balance, Since we have $120 debit balance and want to create $790 Allowance for Doubtful Accounts credit balance we have to credit Allowance for Doubtful Accounts by ($790 + $120 = $910) to get Allowance for Doubtful Accounts $790 Credit balance.
Therefore, The adjusting entry at the end of the year will include a credit to allowance for doubtful accounts in the amount of $910.
Answer:
<u>$8,768</u>
Explanation:
<em>Sales for June will be</em> = $700 x 400 + $700 x 400 x 0.03 =
=280000 + 8400 = $288400
<em>Projected selling expense</em> = $3000 + $288400 * 0.02 = $3000 + $5768
= <em><u>$8768</u></em>
Answer:
B) Jeremy is facing a moral, legal, and ethical decision.
Explanation:
Jeremy knows that what he is doing is not legal, since the legal limit for exhaust system noise is 95 decibels and he will alter the cars muffler so that it reaches 125. Besides that, he faces moral and ethical dilemmas because his business is not doing well and his son has just been diagnosed with cancer and he needs money and a lot of it.
Answer:
the nonverbal commuication being used in this photo is posture, facial expressions, and gestures. i guess you could say this is effective he looks like he would be speaking in a sturn tone of voice.
Explanation: can you answer some questions not answered on my account please
Answer:
The correct answer is option c.
Explanation:
A perfectly competitive market has a large number of buyers and sellers. The firms are price takers and the price is determined by the market forces. Thus the monopoly firms face a horizontal demand curve. This horizontal line represents price, average revenue, and marginal revenue. The equilibrium is obtained where price, (average revenue and marginal revenue) is equal to marginal cost. There is no restriction on entry and exit of firms in the long run. That's why firms face a break-even in the long run.
While in a monopoly market there is a single firm. This firm fixes price higher than marginal cost. The demand curve of the monopoly is a downward sloping showing relatively elastic demand. A monopoly firm can earn profits in both the short run as well as the long run.
