Answer:
Present Value of the Investment is $17246.
Explanation:
The Discounting formula would be used to discount the future value $20,000 at the required rate of 2.5% for 6 number of years. So the formula is as under:
Present Value = Future Value / (1+r)^n
By putting values, we have:
Present Value = $20,000 / (1+2.5%)^6 = $20000 / 1.120 = $17246
Dawson must invest now $17246 to receive $20000 after 6 number of years.
Answer: staff or customer care service
Explanation:
Answer:
c. debit to Bad Debts Expense for $6,900.
Explanation:
Allowance for Doubtful Accounts $1,100 credit balance,
Estimated Un collectibles $8000 credit
Required Adjustment $ 6900 credit
The adjustment to record bad debts for the period will require a
c. debit to Bad Debts Expense for $6,900.
Bad Debt Expense $ 6900 Dr
Allowance for Doubtful Accounts $ 6900 Cr
Alternatively if the allowance account had a debit balance the entry would have been posted adding the two amounts.
Answer: False
Explanation: The term "Learning organizations" can be defined as a place where people continue learning and expand their capacity to see the results they desire. According to Peter Sange, the one who coined the concept with his colleagues, Learning organization responds as a company that helps its employees to learn more.
Answer:
<u>Decrease in price</u> would have increasing effect on total revenue, when demand is elastic (upper portion of demand curve)
<u>Decrease in price </u>would have decreasing impact on total revenue, when demand is inelastic (lower portion of demand curve)
Explanation:
Elasticity is the responsive change in demand, due to change in price. P.Ed = % change in demand / % change in price = %ΔQ / %ΔP. Geometrically P.ed [on demand curve point] : (Lower portion on curve from the point) / (Upper portion on curve from the point)
Total Revenue is the total value of sale = Price x Quantity = P x Q
Elastic Demand : Demand responds more to price change. P.Ed > 1, %ΔQ > %ΔP. So, Price & total revenue are inversely related - price rise implies TR fall & price fall implies TR rise. Demand is elastic in upper portion of demand curve, as lower portion > upper portion at these points.
Inelastic Demand : Demand responds less to price change. P.Ed < 1, %ΔQ < %ΔP. So, Price & total revenue are directly related - price rise implies TR rise & price fall implies TR fall. Demand is inelastic in the lower portion of demand curve, as lower portion < upper portion at these points.