Answer:
The money paid; overall sacrifice
Explanation:
Price: It refers to the amount of money paid to acquire a specific quantity of goods and services. It is also a measure of value.
Price to some consumer is the overall sacrifice made to acquire a product. It is the money paid in exchange for a Commodity.
Prices can be affected by demand or supply of goods.
If the demand for a product is higher than its supply, then price of the product will increase.
If the supply of a product is higher than its demand, then price of the product will fall.
Demand is the amount of goods and individual is willing to buy at a particular price over a period of time. Consumers tend to maximize utility by buying more quantity of a product at a lower price.
Supply is the amount of goods and services a producer is willing to sell at a particular price over a given period.
Producers tend to maximize Profit by selling more quantity of goods at a higher price.
Price is the major determinant of how much to demand and how much to supply at a point in time.
Elaine was known for being especially frugal. In fact, it was not out of the question for her to commute nearly 45 minutes just to save a few dollars on a packet of cigarettes. Elaine perceived price as the money paid for a good or service, while most consumers recognize price as the overall sacrifices made to acquire a good or service.
DEBIT TO ALLOWANCE for Doubtful Accounts and a credit to Accounts Receivable.
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When a specific customer's account is identified as uncollectible, it is written off against the balance in the allowance for bad debts account.
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Answer:
Annual depreciation= $5,660
Explanation:
Giving the following information:
Purchase price= $25,740
Salvage value= $3,100
<u>First, we need to calculate the accumulated depreciation before the change in useful life:</u>
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (25,740 - 3,100) / 8
Annual depreciation= $2,830
Accumulated depreciation= 2,830*4= $11,320
<u>Now, we can calculate the new depreciation expense:</u>
<u></u>
Annual depreciation= (25,740 - 11,320 - 3,100) / 2
Annual depreciation= $5,660
The appropriate response is economies of scale. It alludes to the cost advantage that emerges with an expanded yield of an item. Economies of scale can emerge in a few territories inside a huge endeavor. While the advantages of this idea in ranges, for example, generation and obtaining are self-evident, economies of scale can likewise affect zones like fund.
Answer:
$11,300
Explanation:
The computation of the deferred tax asset is shown below:
= 21%(20X2 Expense) + 25%(20X3 and 20X4 Expense)
= 21%($30,000) + 25%($15,000) + 25%($5,000)
= $6,300 + $3,750 + $1,250
= $11,300
