Answer:
Produce throughout the shorter term but depart the industries run if the circumstances don't start changing because the losses are incurred.
Explanation:
The given values are:
Gold sells,
Q = 50
Price,
= $5000
Total cost,
= $300,000
Fixed cost,
= $100,000
So,
⇒ 
⇒ 
($)
Now,
⇒ 
⇒ 
So that,
⇒ 
On substituting the values, we get
⇒ 
⇒ 
So the above is the correct answer.
Answer:
The answer is true. It is a true statement
Explanation:
When a product reaches its maturity life cicle there is promotion focuses on reminder advertising and keeping customers involved. In addition the emphasis is placed on holding market share through further differentiation and attracting new buyers.
Answer:d. LIFO will result in higher income taxes than FIFO
Explanation:
A period of rising prices means price will be higher on the latter goods than the former, inventory sold on Last in first out method (LIFO) will be costlier in this period than inventory sold on First in First out ( FIFO) this invariably means LIFO will result in lower net income due to high cost of inventory compared to FIFO and the lower the net income the lower the income tax this invariably means LIFO will result in lower income tax.
Average costing will yield result that are between those of LIFO and FIFO since it can an average of two price with one LIFO and the other on FIFO, LIFO will result in higher cost of goods sold since the latter goods will be costlier, FIFO will result in higher net income since the goods will be cheaper than LIFO.
Answer:
Allowance for Doubtful Accounts and
Bad debt expense
(to fill the gaps)
Explanation:
Allowance for Doubtful Accounts is the account used to record receivables that may not be collectible. When receivables may be incollectible, the entries posted are
Debit Bad debt expense
Credit Allowance for Doubtful Accounts
When the receivables can no longer be collected
Debit Allowance for Doubtful Accounts
Credit Account receivables
Hence for Amend Inc, the reversals of the above entries is what is required. Since Amend Inc. has debited Accounts Receivable and credited Allowance for Doubtful Accounts to reestablish an account previously written off, the second set of entries required would be
Debit Allowance for Doubtful Accounts
Credit Bad debt expense
