Answer:
Bad debts expenses shall be $ 850
Explanation:
The balance in the bad debts expense account shall be the aggregate of the amounts written off and the estimated uncollectible accounts based on ageing at the year end.
Amount written off during the year $ 650
Estimated uncollectible account provided at year end <u>$ 200</u>
Total Bad Debts expenses $ 850
Answer:
(C) The real cost is decreasing.
Explanation:
1 + real rate = (1 + nominal rate)/(1+ inflation)
So, with existence of inflation, real rate cost will be decreasing after each period. After each period, it will be found out by dividing with inflation rate in the way shown above and added multiplicatively.
Answer:
:)
Explanation:
The cars it produces in the U.S. are added to U.S. GDP, but not U.S. GNP, as these cars use domestic factors of production (labor and resources), but are produced by a foreign nation. Conversely, the values are added to Japan's GNP, but not Japan's GDP.
Answer:
(196.97,187.03)
Explanation:
Formula for Confidence interval is : avg repair bill (a) ± (Z×SD)÷√(sample size)
average repair bill (a) = $192
Z at 98% confidence level = 2.326
Sample Size = 14
Standard Deviation (SD) = $8
Confidence Interval = 192 ± 2.326*8÷√(14) = {(192 + 4.97),(192 - 4.97)} = {196.97,187.03}
Answer:
the correct answer is B 1/5
Explanation:
we setup a matrix for two values of x and y:
y2 4 (60/15) all income in product Y
y1 0
x2 0
x1 20 60/3 all income in product X
now we calculate