Answer:
$6,000
Explanation:
1 hour per 40 hour period= 1/40=.025
Total Wages paid less vacation wages paid ($404,000-$4000)
$400,000 is The payable amount of wages if no holiday was taken.
$400,000 X.025=$10000=(The workers gross holiday compensation)
$10,000-$4,000=$6,000
Answer:
Bad Debts Expense $ 700 Debit.
Allowance for Doubtful Accounts $ 700 Credit
Explanation:
Sales $600,000
Uncollectible accounts expense is estimated at 2% of sales
Uncollectible accounts expense= $ 600,000 * 2%= $ 1200
Unadjusted Balance = $ 500 Credit
Estimated Balance = $ 1200 Credit
Required Adjustment $ 700 Credit
Adjusting Entry to record the provision for doubtful accounts is
Bad Debts Expense $ 700 Debit.
Allowance for Doubtful Accounts $ 700 Credit
Answer:
3. Threat of flooding the industry with excellent products
Explanation:
Here are Porter's five primary forces:
- Competition between organizations in the same industry.
This create a sense of rivalry that force each organizations to keep improving their products and services.
This is what represented by option 1.
- Potential of new entrants into the industry.
New entrants into the industry will take a portion of market share. This will benefit the customers because it often force competitors to lower the price of their product
This is what represented by option 2
- Power of suppliers.
Suppliers have the ability to connect the producers and the customers. This give them enough leverage to influence the price imposed by the company.
This is what represented by option 4
- threat of substitute products.
Just like new entrants, substituted products could also take away the market share and reduce the profit that can be taken by companies. This is what represented by option 5.
- Power of customers
Customers could create a demand based on their preference. Companies will have to tried their best to fulfill this demand if they wanted to survive.
This is not mentioned in the options above.
Answer:
1. move the level of actual output on to the economy's production possibilities curve
Explanation:
Production Possibility Curve is the graphical representation of goods that an economy can produce, given resources & technology.
Points on PPC depict efficient utilisation of resources & technology. Points under PPC reflect underutilisation of resources & technology. Points above PPC are unattainable, being beyond economy's full efficient potential.
Unemployment means under utilisation of human resource & this leads to production below PPC. So, the unemployment issue would be resolved by generating better employment opportunities. This better utilisation of resources will tend to move the production output on to the PPC, towards the best potential efficient production - with given resources & technology.
