Answer:
Price charge to the residents = $4
Explanation:
Given:
p1 = 14 – q1 at a price of $8.00
p2 = 10 – q2
Find:
Price charge to the residents
Computation:
p1 = 14 – q1 at a price of $8
8 = 14 – q1
q1 = 6
In OPD q1 = q2
So,
p2 = 10 – q2
p2 = 10 – 6
p2 = $4
Price charge to the residents = $4
Answer:
a competitive price
Explanation:
a competitive price
A four firm concentration ratio being just 20% shows and it is not mentioning any monopoly. Also a Herfindahl index of 600 is considered low
therefore a firm in mentioned industry likely to have a competitive price as lot of firms are competing with same market shares.
competitive price is referred to that tactics where all competitor sells all items at same price.
Answer:
The equivalent units of material in September were: 63,000
Explanation:
<em>Step 1 Calculate the Units Completed and Transferred to Finished Goods</em>
Units Completed and Transferred to Finished Goods = Units Started - Units in Closing Work In Process
= 63,000-6,300
= 56,700
<em>Step 2 Calculate equivalent units of material in September</em>
Note : All materials are added when the process is first begun. This means that BOTH the <em>Units Completed and Transferred to Finished Goods </em>and <em>Units in Closing Work In Process </em>are 100 % complete in terms of materials
Materials :
Units Completed and Transferred to Finished Goods = 56,700
Units in Closing Work In Process = 6,300
Total = 63,000
Answer:
Technical education is learning something about a specific work scientifically in detail and practical.
Answer:
- If the allowance method had been used, net income would have been $81,900.
- With 1.75% of sales, if the write-off above had been recorded against the allowance account, it would have been in debit, so the bad debt expense would be $10,400 + $11,375 = $21,775. Otherwise, bad debt expense would be $11,375. The required journals would be a debit to bad debt expense and credit to allowance for doubtful accounts.
Explanation:
The following journals would have been recorded for write-off of the accounts receivables:
Debit Bad debt expense $10,400
Credit Accounts receivable $10,400
<em>(To write-off accounts receivable)</em>
This journal would have negatively affected the net income by reducing it. If it was recorded against the allowance for doubtful accounts, net income would have increased by $10,400 ($71,500 + $10,400).
1.75% of sales is $11,375; so, if the write-off above had been recorded against the allowance account, it would have been in debit, so the bad debt expense would be $10,400 + $11,375 = $21,775. Otherwise, bad debt expense would be $11,375. The required journals would be a debit to bad debt expense and credit to allowance for doubtful accounts.