Answer:
A. Bad Debt Expense 17,000Allowance for Doubtful Accounts 17,000
Explanation:
390,000 account receivable
againg of accounts 5% of account receivable
5% of 390,000 = $19,500
current allowance 2,500
adjustment 17,000
Because it is based on the account receivable balance, we adjust the allowoance to reach the target estimated bad debt.
Answer:
<u> an effective price ceiling set below equilibrium causing shortage. </u>
<u>Explanation:</u>
Note that in the graph the green line indicates a price ceiling or benchmark that is lower (below) the equilibrium.
Remember, the shortage was due to the fact the companies (suppliers) reduced their supply following the normal law of supply, which results in desperate demand for the only available products.
Procyclical fiscal policies, like those of many US state and local governments, have the tendency to make recessions or inflation worse.
In order to affect economic conditions, particularly macroeconomic recessions conditions, fiscal policy refers to the use of government spending and fiscal policies tax policies. These include employment, the total demand for goods and services, inflation, and economic expansion.
In order to boost demand and stimulate the economy during a recession, the government may reduce tax rates or increase spending. As an fiscal policies alternative, it might increase rates or reduce spending to slow down the economy and fight inflation.
Comparing fiscal policy to monetary policy, which is implemented by recessions central bankers rather than elected government officials, is common practice.
Learn more about fiscal policies here
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Answer:
Market research is an effective tool to assist your business planning. It is about collecting information that provides an insight into your customers thinking, buying patterns, and location. In addition, market research can also assist you to monitor market trends and keep an eye on what your competition is doing.
Explanation:
Answer:
The answer is:
- Better customer satisfaction
- Greater employee job satisfaction
Explanation:
The advantages of work teams include
- <u>better customer satisfaction</u> and
- <u>greater employee job satisfaction</u>.
<u>Better customer satisfaction:</u>
Work teams can be trained to meet the needs of specific customers. Teams also help to improve the product and service quality in different ways and also take direct responsibility for their products and services. All these help to improve customer satisfaction.
<u>Greater employee job satisfaction:</u>
Team work helps the employees in work teams to improve their skills through cross training. Their capabilities also increases and makes their work more interesting. All these help to increase job satisfaction. They also enjoy job satisfaction through unique job responsibilities acquired through work teams. Social loafing is a disadvantage of work teams and they also have the disadvantage of initial high employee turnover.
