Your Assignment, Part I

Gertie sees an ad for Ultra Tide and thinks, "Ultra Tide looks like a really good product—I think I’ll try it." This is an examp

zlopas [31]

Answer:

Support Argument.

Explanation:

Support argument is a process in which a person backs up his research or findings to prove it correct. The purpose of support argument is to sustain a product by an argument or a statement . Gertie has made a statement that she will try Ultra Tide. She has made this statement to support the ad of Ultra Tide. This is an example of support argument.

4 0

4 years ago

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Some countries have high minimum wages and require a lengthy and costly process to get permission to open a business Select one:

Pani-rosa [81]

Answer:

b. Reducing the minimum wage and the time and cost to open a business would shift the long-run aggregate supply curve to the right

Explanation:

Minimum wage is a wage set by the government, to pay for laborers. Wages below this is illegal. Wages are also a major cost to any firm. When they have been reduced, cost of production is likely to fall. Cost of production is a factor affecting supply. When cost of production falls, supply shifts right.

This is explained as that when cost of production falls, businesses can now make higher profits. This acts as a motivation for many other firms to also enter into the market. Therefore, supply is likely to rise in the long-run, shifting the supply curve to the right.

Time and cost to open a business is another factor affecting supply. When the time and cost is high, it discourages new firms because they do not want to undergo the hassle of submitting many legal documents or may not have enough funds to pay for all the costs. However, when the cost and time taken falls, more firms will be willing and able to enter into the market. Thus, the supply curve shifts right in the long run, increasing quantity supplied.

6 0

3 years ago

Performance Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31 and a

maw [93]

Answer:

$36,648

Explanation:

age balance % uncollectible total

Not past due $890,000 3/4% $ 6,675

1-30 days past due $97,900 2% $ 1,958

31-60 days past due $44,500 6% $2,670

61-90 days past due $32,000 16% $ 5,120

91-180 days past due $23,100 40% $ 9,240

Total $1,104,400 $36,648

journal entry should be:

December 31, 202x, bad debt expense

Dr Bad debt expense 36,648

Cr Allowance for doubtful accounts 36,648

8 0

3 years ago

Collins, Inc. issued a nontaxable stock dividend of one share for each share owned. Melissa, a shareholder of Collins, had a tot

DiKsa [7]

Answer:

$5,000

Explanation:

Based on the information given we were told that had a total basis in her 500 shares of stock of the amount of $5,000 which means that The total basis of Melissa's 1,000 shares of stock after the dividend is $5,000 which is her total basis in her 500 shares of stock.

7 0

3 years ago

Sienna has a car loan with an annual interest rate of 4.8%. She will make the same monthly payment for 48 months, after which th

butalik [34]

Diego is correct because the loan has to be paid in full by a specific date.

9 0

4 years ago

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