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3 years ago

Explain why the demand curve for the market is downward sloping but is horizontal or completely elastic for an individual firm.

Business

1 answer:

Elena-2011 [213]3 years ago

8 0

An entire industry (all firms producing a particular product) can affect price by changing industry output.

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Blue Spruce Corp. uses the percentage-of-receivables basis to record bad debt expense and concludes that 2% of accounts receivab

dedylja [7]

Answer:

The adjusting journal entry would be:

Debit: Bad debts expense $5,317

Credit: Allowance for Doubtful Accounts $5,317

Explanation:

Debit: Bad debts expense $5,317

Credit: Allowance for Doubtful Accounts $5,317

Explanation of the entry:

Allowance for doubtful debts at the end of the year = $402,000 × 2% = $8,040

Credit balance at the start = $2,723

Allowance for doubtful accounts = $8,040 - $2,723 = $5,317

The Allowance for Doubtful Accounts presently has a credit balance of $2,723 and allowance for doubtful debt at the end of year is $8,040, you need to enter an additional credit amount of $5,317 into the Allowance for Doubtful Accounts. The other part of this adjusting entry will be a debit of $5,317 to Bad Debts Expense.

6 0

3 years ago

gossip is normal. i don't think it actually hurts anyone, said a new co-worker. what's the best way to respond? a. as long as no

dexar [7]

D is the correct answer. Gossip could be used as a good or bad thing. In general, it could wreck relationships with others.

Hoped this helped.

~Bob Ross®

3 0

3 years ago

Read 2 more answers

A tax on automobiles imported into the United States that raises prices on imported vehicles to make the price of cars produced

olchik [2.2K]

A tax on automobiles imported into the United States that raises prices on imported vehicles to make the price of cars produced in the United States more competitive is a Protective Tax; a tax on all oil imported into the United States, which is implemented to raise money for the U.S. government, is a Revenue tariff.

Explanation:

The protective tax levied by the Federal Government aims at attracting the US citizens to buy the cars manufactured by the local automobile industries. It can also ensure the quality of goods which cannot be compromised with the car manufactured with the raw materials imported from the neighboring country like Mexico.

Import tariffs are included in the Revenue tariff. Such Revenue tariff are collected through the trade of imported oil all used for raising revenue which can also be used for social welfare purposes and also paves the way for boosting oil firms in the US regions.

4 0

3 years ago

Read 2 more answers

You own a stock portfolio invested 40 percent in Stock Q, 25 percent in Stock R, 20 percent in Stock S, and 15 percent in Stock

gogolik [260]

Answer:

the portfolio beta is 1.06

Explanation:

The computation of the portfolio beta is shown below:

The Beta of the Portfolio is

= Stock Q Weight × Beta of Stock Q + Stock R Weight × Beta of Stock R + Stock S Weight × Beta of Stock S + Stock T Weight × Beta of Stock T

= 0.93 × 0.4 + 1.1 × 0.25 + 1.1 × 0.2 + 1.28 × 0.15

= 1.06

hence, the portfolio beta is 1.06

We simply applied the above formula so that the correct value could come

And, the same is to be considered

5 0

3 years ago

Since almost everyone makes decisions at work, that qualifies them to be categorized as managers.(T/F)

Pavlova-9 [17]

Answer:

False

Explanation:

If an employee make a decision at work it does not automatically mean that he is a manager. Yes, everyone can make decision but only the good manager can differentiate the good from the bad decisions.

The Manager's job is not only to make decisions. His job is, as its name is saying, to manage people, decisions, plans etc.

3 0

3 years ago