Answer:
The journal entry for the following is shown below:
Explanation:
The journal entry for the following is as follows:
Bad Debts Expense A/c................................Dr $3,600
Allowance for Doubtful Accounts A/c......Cr $3,600
Being the adjusting entry for bad debt expense
Working Note:
Using the percentage of accounts receivable computing the amount of bad debt expense as:
Allowance for doubtful accounts = Accounts receivable × %
= $120,000 × 4%
= $4,800
Now, computing the bade debt expense as:
Bad debt expense = Allowance for doubtful debts - Credit balance
= $4,800 - $1200
= $3,600
Answer:
10
Total
Marginal
Explanation:
Marginal utility is the change in utility that occurs from consuming one extra unit of a good.
Marginal utitiy = 55 utils - 45 utils = 10 utils
Total utility is the utility derived from consuming a good or service.
When :
1. Total utility is 45 , marginal utility is 15
2. total utility is 55, marginal utility is 10
This shows that as total utility increases, marginal utility falls.
I hope my answer helps you
Answer: Option (B)
Explanation:
In project and production management, bottleneck is referred to as one of the process under chain of processes, so that reduced limited capacity tends to reduce capacity of whole chain. The result or outcome of having the bottleneck is the stalls in supply overstock, production, pressure from consumers and also the low employee morale.
Answer:
The optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly specialized investments is the contract.
Explanation:
The contract is signed between the seller and the buyer, and establishes formal and legal terms, and agreed responsabilities. The primary advantages are that firms and buyers are allowed to focus in producing and getting what they need as contracts are used for tangible goods and for rendered services, reducing the opportunistic behaviour and underinvestment.
The CONASUPO, mexican government office, signed a contract with the mexican ranch owners to get all their milk production at low prices to feed the thousands of low income families.
