Answer:
$5,250
Explanation:
The computation of the bad debt expense for year 2015 is shown below:
= Net Credit sales × uncollectible percentage given
= $175,0000 × 3%
= $5,250
Under the percent-of-sales method, simply we multiplied the net credit sales by the uncollectible percentage given so that the bad debt expense could have come. All other information given is of no significance. So, ignored it
Answer:
effective tax rate = 13.54
Explanation:
given data
total income = $83,000
taxable income = $62,000
tax liability = $11,239
to find out
effective tax rate
solution
we get here effective tax rate that is express as
effective tax rate = 
.................1
put here value and we get
effective tax rate = 
effective tax rate = 13.54
Answer:
Each hour she spends swimming is an hour that she can't spend biking or running. The basic principle this sentence illustrates is:
All choices have opportunity cost.
Explanation:
As per the given situation, Caroline decides to go for swimming. So the time she invests in swimming, she could have done for biking or running during that time. So, opportunity cost of one hour of swimming is an hour of biking or running. Also it is not known that whether Caroline has an incentive if she spends more time swimming. This applies for an hour spent for biking or running as well. Thus, all the three choices have an opportunity cost.
5/9 is the answer. because there are 9 total and 5 are tulips
Answer:
The price elasticity of demand for icecream is -0.75, that means that is inelastic.
Explanation:
Price elasticity of demand measures the porcentage of the change in the demand when there is a change in the price. If the change in porcentage of the demand is less than the pocentage of change in the price we talk about inelastic demand. An increase in the price of inelastic goods will result in bigger revenues, as the porcentage in the drop of sales is less than the porcentage of increase in the price.
The formula is: % in change demand/% in change of price
-3%/4= -0.75
The minus symbol indicates that when the price rises the demand decrease.
