Without new products, Erik can market his current products only to his current market the same products to similar customers
<h3><u>
Explanation:</u></h3>
New product development involves a lot of research work. This plays a vital role in making the newly developed product to be more successful. The research team must first identify the areas that can be improved with the requirements and feedback from their loyal customers.
But in the given example, Erick’s company is already successful with the developed product for more than five years. Hence, it is recommended for marketing the current products to the current customers and market the same products to similar customers.
Answer:
am sorry plz write your question in English
Bobo's demand curve is elastic hence his purchasing ability is easily influenced by a slight change in the price of the product
Answer: The amount the company would report as its net accounts receivable at 31 December 2017 is $801,000.
Explanation: Net accounts receivable is the recoverable amount of receivable after considering the amount that is deemed to be uncollectible. It is accounts receivable balance minus the allowance for doubtful accounts.
In the instance of this question, the net accounts receivable was initially $801,000 ($870,000 - $69,000). Now that management approved a write-off of $17,000, the implication is that the write-off would hit allowance for doubtful account (since there is a buffer in that account instead of bad debt expense), and the necessary accounting entries to be recorded would be: <em>Debit Allowance for doubtful accounts $17,000; Credit Accounts Receivable $17,000. </em>With these entries, both accounts receivable and the allowance for doubtful accounts would be reduced by the same account. Consequently, the net accounts receivable remains the same but the individual balances in accounts receivable and allowance for doubtful account would now be $853,000 ($870,000 - $17,000) and $52,000 ($69,000 - $17,000).
<span>Jayson should :
(1) Reduce the balance in its Inventory controlling account and inventory subsidiary ledger by $7,000.
(2) Record a $7000 current liability.
(3) Reduce the balance in its inventory controlling account and inventory subsidiary ledger by $7000
(4) Reduce the balance in the inventory controlling account and record a current liability both in the amount of $7000.</span>
