Answer:
The correct answer is option C, firms face downward-sloping demand curves, and the products competitors sell are differentiated
Explanation:
In monopolistically competitive market all companies sell distinguished products. In this market all companies face downward sloping demand curve. These are the expectations of monopolistically competitive market. Therefore, option C is correct.
Answer:
Since 20% of the goods of the next quarter need to be produced beforehand in the second quarters start there will already be a starting inventory of (0.2*26,000)=5,200
This means that in the second quarter to meet the the sales (26,000-5,200)=20,800 need to be produced
Also 20% of next quarters unit sales also needs to be produced in the second quarter so (0.2*30,000)=6000
Budgeted production in the 2nd quarter= 20,800+6,000=34,000
Explanation:
There are certain advantages that the organization can understand from co-locating <span>purchasing personnel with internal customers</span>. The primary huge advantage is low expenses of task. In addition, the organization will give enhanced administrations to the organization since the organization will distribute to each customer a faculty in charge of giving them the administrations they require. This additionally has an arrangement of getting a great administration by the clients since they get customized treatments. The most noteworthy advantage related with this is the organization will improve its reputation and draw in various customers.
Answer:
The statement is True as well as correct
Explanation:
Allowance method is the financial term which is defined as the uncollectible accounts receivable procedure that reports the estimate of the bad debt expense in the same accounting or fiscal year as the sale.
Under this method, it is used to adjust the accounts receivable which appears on the balance sheet.
For example,
If the company has the credit sales of $800,000 in December and estimate that the 4% will be uncollectible. Then using this method, computing the uncollectible as:
Bad debt expense = Sales × Estimate uncollectible
= $800,000 × 4%
= $32,000
So, this estimate the bad debt expense rather than wait to see which customer will not able to collect.
