Answer:
c.Insurance expense would be debited for $300.
Explanation:
Provided that
12 month insurance policy purchased on Dec 1 = $3,600
So, the adjusting entry on Dec 31 would be
Insurance expense A/c Dr $300
To Prepaid Insurance $300
(Being insurance expense is recorded)
The computation is
= $3,600 ÷ 12 months
= 300
As we have to compute for 1 month so we recorded $300 insurance expense
31/12/2013 bad debts expense
800$
Provision
for bad debt expense 800$
Provision for bad debt 60$
Debter 60$
Provision for bad debt 75$
Debter 75$
Provision for bad debt 45$
Bad debt recovery income 45$
Provision for bad debt 100$
Debter 100$
Provision
for bad debt 25$
Bad
debt recovery income 25$
Answer:
Price elasticity of demand measures how much the quantity increases when price decreases.
Explanation:
Price elasticity is the percentage change in the quantity demanded, divided by the percentage change in the price.
If the percentage in the change in the quantity demanded is bigger than the percentage in the change of the price we talk about elastic demand.
If the percentage in the change in the quantity demanded is smaller than the percentage in the change of the price we talk about inelastic demand.
And if he percentage in the change in the quantity demanded is excatly the same than the percentage in the change of the price we talk about unit elastic demand.
The answer to your question is A. The right to be redress
Answer:
$500,000 Axle Corporation's basis in the Drexel Corporation stock.