Answer:
Debit to bad debt expense for $3,648
Explanation:
This is because the company needs to show the total amount in the Allowance for doubtful accounts as credit balance. It means that if for instance the balance today is $1,057 you'll need a new entry to adjust the balance with the bad debt.
It means that the entry must be a debit in bad debt expense for $3,648 while the corresponding credit goes to allowance for doubtful accounts.
Answer:
Stock B has a standard deviation of 14%. The portfolio contains 40% of stock A, and the correlation coefficient between the two stocks is -.23. A) 9.7% B)
Explanation:
Stock B has a standard deviation of 14%. The portfolio contains 40% of stock A, the portfolio contains 60% of stock B, and the correlation coefficient between the two stocks is -.23. A. 9.7% B. 12.2% C. 14% ... The standard deviation of return on investment A is .10, while the standard deviation of return on investment B is .05.
Answer:
The correct decision would be to process further before product is sold
Explanation:
Profit if the product is sold un-assembled
Selling price $135
cost of un-assembled product ($60)
Profit on un-assembled product $75
Profit if the product is further assembled before sale
Selling price $170
Cost of un-assembled product ($60)
Cost of assembling product ($25)
Profit if the product is assembled $85
The profit increased by $10 if the product is further assembled before it is sold.
Hence the best course of action would be to further assemble the product before it is sold
Answer:
c. technical skills
Explanation:
Technical skills -
It refers to the knowledge or the information necessary to perform a particular task , is referred to as the technical skill .
The knowledge of scientific activities , mathematics , technology , mechanical information , is important to be learn technical skills .
Hence , from the given scenario of the question,
The correct option is c. technical skills .
Answer: Dead weight loss-= $3750
Explanation:
QD = 800 – 10P
QS = 50P – 1,000,
At equilibrium, quantity demanded is equal to quantity supplied , so we have that, equating the two equations becomes
800 - 10p = 50p - 1000.
800 + 1000 = 50p + 10p
1800 = 60p
p = $30.
QD= QS= 800 - 10*30 = 500 units
QD= QS= 50x30 -1000= 500 units
Qd = Qs = 500 units.
When P = $25 by government putting a price ceiling, which is below the equilibrium price,it will lead to more demand than supply in the market
QD = 800 – 10P
QD= 800-10X25
QD=800-250= 550units
QS = 50P – 1,000,
Qs = 50 X25 - 1000
= 1,250-1000
QS = 250 units.
When quantity demanded =250units as a result of Quantity supplied at 250units. we will have our new price to be
QD = 800 – 10P
250 = 800 - 10p
10p = 800 -250
10p = 550
p = $55.
To calculate Dead weight Loss, we use the formulae,
0.5 x (P2 - P1) x (Q1 - Q2) where P1 and P2 are old and new prices and Q1 AND Q2 are old and new quantities
DWL = 0.5 x (55-25) X (500-250)
= 0.5 x 30x 250
Dead weight loss = $3750.
