Answer:
The correct option is 2. $50,200
Explanation:
Please see below the required journals for the transactions that occurred:
Debit Allowance for doubtful accounts $31,800
Credit Accounts receivable $31,800
(<em>To record write-off of accounts receivable)</em>
Debit Accounts receivable $2,340,000
Credit Sales revenue $2,340,000
<em>(To record credit sales during the year)</em>
Debit Cash $1,910,000
Credit Accounts receivable $1,910,000
<em>(To record collection on account)</em>
- The effect of the above journals on allowance for doubtful account is a reduction. Since Dinty already assessed its allowance for doubtful account to be $82,000, bad debt expense required will be $50,200 ($82,000 - $31,800).
- The balance in accounts receivable will be $2,340,000 - $1,910,000 - $31,800 = $398,200.
I believe the correct answer would be the last one. One of the main goals of unions is to engage in featherbedding. In simple words, to be able to provide and implement favorable and advantageous working conditions to employees in a company.
Answer:
Bread sticks: 6 × $2.50 = $15
Pizza: $12.99
$15 + $12.99 = $27.99
Tax: 7% = 0.07
$27.99 × 0.07 = $1.96 (approximate)
$27.99 - $1.96 = $26.03
hope this helped you!
Answer:
The correct answer is option D.
Explanation:
Microbrewery beer is a normal good. Its prices have increased recently in recent years. The prices for fermenting vats used in beer have also risen and the consumer income has fallen.
Since beer is a normal good an increase in its price and decrease in the consumer income will decrease its demand. As a result, the demand curve will move to the left, decreasing the price of the product.
At the same time, the increase in the price of fermenting vats will increase the cost of producing beer. This will cause the supply of beer to decrease.
This will cause the supply curve to shift to the left. If the leftward shift in the supply curve is more than the leftward shift in demand, the price of beer will increase.
These forces have an impact on a company's profitability and include the number and power of a company's competitors, potential new market entrants, suppliers, customers, and substitute products.
What does "threat of new entrants" mean in terms of Porter's Five Forces?
One of Porter's Five Forces framework's forces is "The Threat of New Entrants," and it refers to the threat that new competitors pose to existing industry players.It is one of the factors that influences an industry's competitive landscape and contributes to the industry's attractiveness.
What are Porter's 5's most significant forces?
The primary determinant of market competitiveness is rivalry between competitors, which is regarded as the most expressive force in Porter's 5 forces model.
Learn more about Porter's 5 forces model here:
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