Answer:
The long-run average total cost curve is flat
Explanation:
When the quantity of all the resources is doubled and, as a result, output doubles then the firm experiences constant returns to scale.
Answer:
The estimated bad debt expense for the year amounts to $9,400
Explanation:
The estimated bad debt expense for the year is computed as:
As the percentage of credit sales method is used for estimating the bad debt expense. Therefore, it is computed as:
Bad debt expense = Net Credit Sales × Estimate Percent
where
Net credit sales amounts to $188,000
Estimate percent is 5%
So, putting the values above:
Bad debt expense = $188,000 × 5%
Bad debt expense = $9,400
Therefore, the bad debt expense amounts to $9,400
Answer:
The retained earnings should Quartz report at December 31, 2018 is $570,000
Explanation:
In this question, we apply the retained earnings equation which is shown below:
Ending retained earnings balance = Beginning retained earning balance + net income - dividend paid
= $390,000 + $220,000 - $40,000
= $570,000
The net income should be added while dividend should be deducted for finding out the ending retained earnings balance
The appropriate response is Daily Compounding. Progressive accrual is the expansion important to the key total of an advance or store, or as it were, enthusiasm on intrigue. It is the aftereffect of reinvesting premium, instead of paying it out, so that enthusiasm for the following time frame is then earned on the chief total in addition to the already gathered premium.
Answer:
Character.
Explanation:
Credible character is used for someone who is trustworthy, kind and believable, it has to be backed by evidence or experience. It carry the power to influence belief or thought. Crediblity of a character may slip if it is not maintained forever. As crediblity is earned through consistent honesty, selflessness,virtue and good behavior.
There are several dimensions of crediblity that affect audience toward speaker:
- Competence
- Extraversion.
- Composure.
- Character.
- Sociability.
