They have there attorney make them look not Guilty.
Answer:
the bad debt expense reported is $113,300
Explanation:
The computation of the bad debt expense that should be reported in the first year income statement is shown below:
= Allowance for uncollectible accounts + write off account receivable
= $82,700 + $30,600
= $113,300
Hence, the bad debt expense reported is $113,300
PublicityProduction and manufacturing is another element of management. Management involves coordinating employees' actions to achieve the firm's goals, organizing people to work efficiently, and motivating them to achieve the business's goals.
Answer:
Incorrect Statement : When price elasticity of demand is very high, we say there is brand loyalty
Explanation:
Price elasticity of Demand is the responsiveness of quantity demanded to a change in price. That is, how much demand changes when there is a change in price. If demand changes significantly, it is price elastic (PED > 1), where the % change in price is lower than the % change in quantity demanded. On the other hand, if the change in demand is insignificant it is price inelastic (PED < 1), where the % change in price is higher than the % change in quantity demanded.
Brand loyalty is where consumers are likely to continue to purchase a product even with price changes and even if there are many other substitutes i.e. they are loyal to that brand. Hence, products with brand loyalty tend to be price INELASTIC, where even if the price is raised, it won’t impact demand as much since they still want to consume that product from that brand.
