Answer:
give the correct answer and a good,clear explanation:))
Explanation:
Answer:
Explanation:
The adjusting entry is shown below:
Bad debt expense A/c Dr $18,000
To Allowance for doubtful accounts $18,000
(Being bad expense is adjusted)
The bad debt expense is computed by
= Credit sales × uncollectible percentage
= $900,000 × 2%
= $18,000
The same amount will be credited to Allowance for doubtful accounts as it records only estimated value.
In Limiting pricing, the price of goods and services is limited to levels that tend to discourage new entry into markets.
<h3>What is LImiting Pricing?</h3>
- A monopolist may utilize limiting pricing to deter entrants. If a monopolist sets a profit-maximizing price (MR=MC), the level of supernormal profit is so high that it attracts new enterprises into the market.
- Limiting pricing entails lowering the price enough to discourage entry. It results in lower short-term profit, but it allows the corporation to maintain its dominant position and long-term profitability.
- As a result, rather than encouraging new firms to participate, the monopolist may decide to establish a price that is lower than the profit-maximizing level, but yet high enough to allow it to make more profits than in a competitive market.
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Answer:
Cash budget
Explanation:
A cash budget plan is an estimation of the incomes for a business over a particular time frame. This financial limit is utilised to evaluate whether the element has adequate money to work. This will enable Kliting Co. to settle on basic choices, for example, making monetary reserves to make for anticipated deficiencies and utilising excess reserves sensibly. Also, the money spending helps in organising instalments in the spending time frame. It additionally helps in dividing spending plan.
The level of strategic management that look at the whole organization can be regarded as Corporate level strategy.
- Corporate-level strategy can be regarded as strategy that is been used in to gaining a competitive advantage in several industries as well as product markets.
- These competitive advantage can be carried out through the selection as well as management of combination of businesses competing that are in that particular industries.
- Corporate strategies usually firm so that they can earn above- average profits ,this strategy also help in creating value for the shareholders.
Therefore, Corporate level strategy brings about making a firm to have increase in profit margin.
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