Answer:
1. Using the percent-of-sales method, calculate the amount of Uncollectible-Account Expense if Summer Corporation estimates its uncollectible-account expense using a rate of 3% of credit sales. What is the ending balance of the Allowance for Uncollectible Accounts under this scenario?
14100
Summer Corporation has $ of uncollectible-account expense using the percent-of-sales method.
3100
Calculate the amount of its Uncollectible-Account Expense. What is the ending balance of the Allowance for Uncollectible Accounts under this scenario?
15000
The ending balance of the Allowance for Uncollectible Accounts is $ under this scenario.
Dont have enough information.
Explanation:
Account receivable 88000
Allowance for uncollectible -11000
Service revenue 470000
Estimate uncollectible 3%
Ending balance of the allowance 14100
Expense 3100
Allowance for Uncollectible 26000
Uncollectible expense account 15000
Answer:
[2] goods market and factor market.
Explanation:
The circular flow of income shows how exchange of money, goods and services occur in an economy.
the two flow circular income model consists of an household and a firm.
The household buys factors of production from the household in exchange for money (firms buys from the factor market). In return, households receive payment.
households then go to the goods market to purchase goods and services.
Answer:
The classical view of social responsibility is that managers today are employees with a primary responsibility to shareholders and their single focus should be on generating financial returns.
Explanation:
Answer:
Total widgets supplied in the market will be 4000
So option (d) will be correct answer
Explanation:
We have given total number of suppliers = 100
It is given that half of the suppliers supply 35 widgets
So 50 supplier supply 35 widgets each
So total number widgets supplied by 50 supplier = 50×35 = 1750
A quarter, that is 25 supplier supply 40 widgets
So widgets supplied by 25 supplier = 25×40 = 1000
And other quarter, that is 25 supplier supply 50 widgets each
So widgets supplied by 25 supplier = 25×50 = 1250
So total widgets supplied in the market will be = 1750+1000+1250 = 4000
So option (d) will be correct answer
Answer:
It has significant barriers to entry.
It depends on brand loyalty and image to generate sales.
It is dominated by a few key players.
Explanation: Let me know if it is right