<span>When artists pass away, the supply of their paintings most likely becomes collector's item or a memorabilia. These items are thought to be of high value or importance especially when the artist is associated to a specific event in the history. The items are sold at high prices or are kept in a museum.</span>
Answer and Explanation:
The journal entries are shown below:
On December 31
Bad debt expense Dr $5,232 ($654,000 × 0.80%)
To Allowance for doubtful debts $5,232
(To record the bad debt expense)
On Feb 01
Allowance for doubtful debts Dr $327
To Account receivable $327
(To record the uncollectible amount)
On June 5
Account receivable $327
To Allowance for doubtful debts Dr $327
(To record the uncollectible amount)
On June 5
Cash Dr $327
To Account receivable $327
(To record the cash received)
Answer:
High Level Benchmark Analysis of Other Similar Projects . ... project and to explore possible opportunities for collaboration with the institutions. The questions ... proposed plans for student housing – the proposal is critical to the process, and to ... Where a municipality, for whatever reason, seeks to enlist the services
Explanation:
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Answer:
(b) $ 43 comma 750 increase
Explanation:
Consider the Incremental Costs and Revenues arising from accepting the Special Order.
Note: Cozy Company has enough idle capacity available to accept a one-time-only special order, therefore the fixed costs are irrelevant for this decision, since order is accepted within the normal operating capacity.
Sales (25,000×$ 7.50) $187,500
Variable manufacturing (25,000× $ 5.75) ($143,750)
Net Income/(loss) $43,750
<u>Conclusion</u>
Therefore, Operating Income would increase by $43,750 as a result of Accepting the Special Order.
,
Answer: balance of trade surplus
Explanation:
Neomercantilism is a policy regime whereby export was encouraged while import was, discouraged. It also controls capital movement, and advocatee for currency decisions to be a government decision.
Neo-mercantilists equate political power with economic power and economic power with balance of trade surplus which is when the value of exports are more than that of imports.