When workers stop working until management meets certain conditions, the event is called a Strike.
Strikes are usually performed by the workers to put their unfulfilled demands in front of the management and workers intent to continue the strike until their demands are fulfilled or other remedies are given which satisfy the workers.
Hence the correct answer is <u>Strike</u>
Answer:
Since a perfectly competitive firm must accept the price for its output as determined by the product’s market demand and supply, it cannot choose the price it charges. Rather, the perfectly competitive firm can choose to sell any quantity of output at exactly the same price. This implies that the firm faces a perfectly elastic demand curve for its product: buyers are willing to buy any number of units of output from the firm at the market price. When the perfectly competitive firm chooses what quantity to produce, then this quantity—along with the prices prevailing in the market for output and inputs—will determine the firm’s total revenue, total costs, and ultimately, level of profits.
Answer:
The correct option is 2. $50,200
Explanation:
Please see below the required journals for the transactions that occurred:
Debit Allowance for doubtful accounts $31,800
Credit Accounts receivable $31,800
(<em>To record write-off of accounts receivable)</em>
Debit Accounts receivable $2,340,000
Credit Sales revenue $2,340,000
<em>(To record credit sales during the year)</em>
Debit Cash $1,910,000
Credit Accounts receivable $1,910,000
<em>(To record collection on account)</em>
- The effect of the above journals on allowance for doubtful account is a reduction. Since Dinty already assessed its allowance for doubtful account to be $82,000, bad debt expense required will be $50,200 ($82,000 - $31,800).
- The balance in accounts receivable will be $2,340,000 - $1,910,000 - $31,800 = $398,200.
Answer:
The answer is stated below:
Explanation:
Select a limited number of alternatives to consider: For example, considering the top 3 alternative suppliers.
Then generate or create a list of as many as possible of alternative suppliers.
Rely on the gut in order to make a decision regarding the right number of alternatives when you feel the time is right.
Deciding or choosing the limited number of alternatives , this concept is known as the bounded rationality. For most of the businesses, this is the most realistic approach for dealing with alternatives.
