Explanation:
The journal entry is as follows
In the books of Crane company
Merchandise Inventory A/c $1,350
To Accounts payable A/c $1,350
(Being inventory purchased on credit)
In the books of Sheridan Company
Account receivable A/c Dr $1,350
To Sales revenue $1,350
(Being the goods are sold on credit)
Cost of goods sold A/c Dr $655
To Merchandise Inventory A/c $655
(Being goods are sold at cost)
<u>Solution and Explanation:</u>
Age of the Amount Estimated Estimated
Receivables Uncollectibles Uncollectible Amounts
1-30 days old $12,000 3% $360
31-90 days old $5,000 15% $750
more than 90
days old $3,000 30% $900
Estimated year end Balances for Uncollectible Amounts $2,010
Bad Debt Expense for the year : Estimated Uncollectible Amount - Existing Credit Balance in the Allowance Account
Bad Debt Expense : $2,010 minus $800 = 1210
If the existing balance is Debit Balance of $600.
Bad Debt Expense : $2,010 plus 600 = $2,610.
Foundation. Motivation represents "those psycholigical proccesses that cause the arousal,direction, and persistence of voluntary actions that are goal directed."
<span>Demand<span> <span>refers
to how much of a product or service is desired by buyers. </span>The quantity demanded is the
amount of a product people are willing to buy at a certain price. The
relationship between quantity and price is called demand relationship.</span></span>
<span>Based
on the law of demand, <span>if all other factors remain equal, the higher the
price of a good, the lower the demand and the lower the price, the higher the
demand. So, when the price of a product goes down the demand will increase.</span></span>
Answer:
See explaination
Explanation:
a) A dominant strategy is the strategy a player chooses irrespective of the strategy chosen by the other player.
When Rina chooses Left, Musahi chooses Right as this gives higher payoff (7 > 4).
When Rina chooses Right, Musahi chooses Left as this gives higher payoff (6 > 3).
When Musahi chooses Left, Rina chooses Right as this gives higher payoff (8 > 6).
When Musahi chooses Right, Rina chooses Right as this gives higher payoff (7 > 5).
So, the only dominant strategy is for Rina to choose Right.
(b) In a Nash equilibrium, the players decide their strategies keeping in mind the reaction of the other strategy.
Here, this is: Musahi chooses Left & Rina chooses Right (payoff: 6, 8).
