Answer: a) increase in the demand for bagels
If muffins and bagels are substitutes, a higher price for bagels would result in a(n)
a) increase in the demand for bagels
b) increase in the demand for muffins
c) decrease in the demand for muffins
d) none of the above
b) increase in the demand for muffins
Answer:
Fraud is the correct answer.
Explanation:
in the bcg matrix, Cash cow are characterized by high share and low growth and are the key sources of internal cash generation for a firm.
<h3>What is cash cow?</h3>
A cash cow can be described as the metaphor for a dairy cow when the production of milk is on, in the course of its life and requires little to no maintenance.
Therefore, in the bcg matrix, Cash cow are characterized by high share and low growth and are the key sources of internal cash generation for a firm.
Learn more about Cash cow at:
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Answer:
a. 3
Explanation:
Bank Reconciliation: The Bank reconciliation works with the balance of the bank statement and the balance of the cash statement. The aim is to compare those two statements to allow the company to run smoothly.
There are different transactions because of which the balance of the bank statement and the balance of the cash statement do not match. We adjust the transactions accordingly to match those statements.
Based on the cash balance, there would be three adjusting entries which are given below:
a. Bank service charges
b. Notes collected
c. Interest earned
These adjusting entries are required so that the cash balance should balance with the valid cash balance.
Answer:
$490,000
Explanation:
The computation of the bad debt expense is shown below:
= Account receivable + (Gross Accounts receivable × estimated percentage given ) - (credit balance of Allowance for Doubtful Accounts)
= $650,000 + ($18,000,000 × 2%) - ($520,000)
= $650,000 + $360,000 - $520,000
= $490,000
We simply added the estimated amount and deduct the credit balance to the account receivable so that the accurate amount can come
