Answer:
The order of questions most objetive and unbiased is first (a) and then (b)
Explanation:
The order of the questions influences the answer of the people. If you ask first about dating, when they answer the question about happiness, the second answer would focus on the happiness it brings if they are datting. That means that I am inducing an answer about the happines of being dating or not, that is not ethical and the survey is not objetive. If the order of the questions is first (a) and the (b), the answer about happiness is not focused in the sentimental situation, and you can find if there is a correlation betwen the happiness and dating.
Answer:
The question is:
a. Journalize Valley's written off of the uncollectible receivables
b. What is the Account Receivables of Valley at May 31st 2018.
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The answer is:
a.
31 May 2018
Dr Bad Debt expenses 1,100
Cr Account Receivables 1,100
( to written off of the uncollectible receivables)
b.
The balance of Account Receivables as at 31 May 2018: $24,900
Explanation:
a. Because direct written-off method is applied, the uncollectible amount is only recorded when it incurred rather than when it is foreseen. Bad debt expenses is debited and an offsetting credit is recorded straight into Account Receivables account ( instead of Provision for Uncollectible account).
b. The balance at end of May is calculated as:
Ending balance of April + Credit sales in May - Collection of credit sales in May - Uncollectibale amount recorded in May = 19,000 + 22,000 - 15,000 - 1,100 = $24,900.
Answer:
10% increase in Cigarette price with a 2% decrease in quantity demanded:
This implies that "for the addicted smokers, cigarettes have a" demand that is inelastic. The demand curve is said to be inelastic.
Explanation:
If the demand for an item changes proportionately less than the price changes, then the item is said to be price inelastic. This means that an increase in price does not change the demand for the product in equal proportion to the price increase. In our example, the demand curve for cigarettes is inelastic since a price increase of 10 percent only decreases the quantity demanded by 2 percent.
Answer:
C. $0
Explanation:
Data provided in the question
Purchase value of the bond = $30,000
And, the market value of the investment at the ending year is $29,000
So by considering the above information, the $0 would be reported in the net income as only realized gains are transferred to the income statement
While the unrealized gain or loss on available for sale securities transferred to Comprehensive income statement and accumulated amount goes to Balance Sheet as a Accumulated Other Comprehensive Income
Answer:
the farmer should wait for two weeks in order to be able to obtain 3,000 bushels and sell then at $2 per bushel, total revenue $6,000
Explanation:
time to harvest bushels price revenue
today 1,000 $3 $3,000
1 week 2,000 $2.50 $5,000
<u>2 weeks 3,000 $2 $6,000</u>
3 weeks 4,000 $1.50 $6,000
4 weeks 5,000 $1 $5,000
5 weeks 6,000 $0.50 $3,000
net increase per week = +1,200 bushels - 200 bushels = 1,000 bushels
