Answer:
True
Explanation:
Cost functions are descriptions of how a cost (i.e., material, labor, or overhead) changes with changes in the level of activity relating to that cost. For example, total variable costs will change in relation to increased activity, while fixed costs will remain the same. Cost functions may come in various forms. A cost function is a function of input prices and output quantity whose value is the cost of making that output given those input prices, often applied through the use of the cost curve by companies to minimize cost and maximize production efficiency .
Answer:
$14,100
Explanation:
The computation of the amount record estimated uncollectible accounts are shown below:
= Credit sales × estimated percentage
= $235,000 × 6%
= $14,100
We simply multiply the credit sales with the estimated percentage so that the accurate amount can come
The journal entry is shown below:
Bad debt expense A/c Dr $14,100
To Allowance for doubtful debts $14,100
(Being the adjusting entry is recorded)
<span>If local shell gasoline stations look at bp stations' prices as the primary method of determining its own prices, shell is using</span> competition-based pricing.
In this we considers costs have not much value and consider to be less important than competitor's prices, means competitor's price is important.
<u>Full question:</u>
Trent runs a small business in which he manufactures hinges to be used in kitchen and storage cabinetry. He stores the hinges in his warehouse and delivers them to various cabinet makers prior to them completing the cabinets' construction. Trent is a
A. retailer.
B. intrapreneur.
C. service provider.
D. wholesaler.
E. direct marketer
<u>Answer:</u>
Trent is a wholesaler
<u>Explanation:</u>
A wholesaler acquires the goods from a producer in mass quantity and re-sells it to retailers in tiny portions. Wholesalers obtain a central position in the retailing course set-up. Warehousing is an essential marketing function offered by the wholesaler.
A wholesaler holds a huge accumulation of goods for retailers. Wholesalers support to maintain prices by regulating stocks according to demand. Many wholesalers manage their warehouses for stocking goods. . He also trades goods to the retailer on account. Thus, at both edges the wholesaler serves as a financier.
Answer:
a) Bonds Payable.
Explanation:
Since there is an issue of bonds as against cash, which need to be paid back in future, amount received will be credited to bonds payable.
Further the purpose of bonds will always be to acquire a capital asset as bonds are issued for long term finance generally, therefore, the bonds will be credited as bonds payable, rather than capital contributions.
Though a general note in notes to account can be added clearly specifying the purpose of issue of bonds.
a) Bonds Payable.
