Answer:
A Nash equilibrium results when every firm in an industry chooses a strategy that is optimal given the strategies chosen by its competitors.
Answer:
$10,700 should be in the adjusting entry for bad debts.
Explanation:
Allowance for Doubtful Accounts is an contra asset account which is adjusted against the receivables balance in the balance sheet. It has credit balance. At the end of the period we, estimate the amount of allowance for Allowance for Doubtful Accounts, that is reported and adjusted in the receivable balance.
In the given situation there is a debit balance of $1,700 in Allowance for Doubtful Accounts and At the end of the of the period we required to make it a credit balance of $9,000 ( $450,000 x 2% ). First of all we have to adjust the debit balance of $1,700 with a credit entry and also record the estimated $9,000 balance with a credit entry to Allowance for Doubtful Accounts.
Now the Journal Entry will be as follow
Dr. Bad debt Expense $10,700
Cr. Allowance for Doubtful Accounts $10,700
Answer:
the change in the equilibrium quantity of the good. the change in the equilibrium price of the good.
Explanation:
The benefit that government receives from a tax is measured by a. b. c. d. the change in the equilibrium quantity of the good. the change in the equilibrium price of the good.
Answer:
Explanation:
Debit cards typically pull funds from a checking account, while credit cards charge purchases using a line of credit. With a debit card, you're spending money from your own funds. Use a credit card and you're borrowing the money and eventually will have to pay it back to the card issuer, perhaps including interest.