The purpose of compensatory damages is when awarded, it gives the client a refund in compensation to the loss of bargain between the insurance company and the buyer. Insurance makes sure that in the event an employee meets an accident, some sort of financial support is ready to assist you for faster recovery.
Wealth<span> and </span>credit<span> equip customers with the </span>purchasing power<span> for </span>buying<span> goods and services. W</span>ealth<span> enables the person to </span>buy<span> more, pay more for the same good. Hope this answers the question. Have a nice day. Feel free to ask more questions.</span>
D asking your instructor to assign you a topic
Answer:
Total contribution margin= $76,328
Explanation:
<u>First, we need to calculate the unitary contribution margin:</u>
Unitary contribution margin= 64,960 / 4,000
Unitary contribution margin= $16.24
<u>Now, the total contribution margin for 4,700 units:</u>
Total contribution margin= 16.24*4,700
Total contribution margin= $76,328
Answer:
b. Accounts receivables (gross) is reduced
Explanation:
As we know that
The journal entry to record the bad debt expense is
Bad debt expense A/c Dr
To Allowance for doubtful debts
(Being allowance of uncollectible accounts are recorded)
By passing this journal entry, both bad debt expense and the allowance for doubtful debts which result in a decrease in the net income and the balance of account receivable but the gross of account receivable would remain the same.
