Answer:
A Business Overhead Expense policy is designed to cover <u>certain overhead expenses (rent, taxes, utility bills, employee's salaries, etc)</u> that continue when the business owner is disabled.
From the point of view of the consumer, Bertrand oligopoly is <u>undesirable</u> since it leads to an outcome similar to zero.
An oligopoly is a market where there are a small number of firms who realize they are interdependent in their pricing and output policies. In this market, the number of firms are small enough to give each firm some market power.
Bertrand model of oligopoly is a model of competition in which two or more firms produce a homogenous good and compete in prices. However, this competition in prices where the goods are perfect substitutes, ends with the firms selling their goods at marginal costs and thus making zero profits out of it.
Hence, from the point of view of the consumer, Bertrand oligopoly is undesirable.
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Answer:
Determine the amount of the adjustment to record the provision for doubtful accounts.
$33000
Explanation:
The financial accounting term allowance method refers to an uncollectible accounts receivable process that records an estimate of bad debt expense in the same accounting period as the sale. The allowance method is used to adjust accounts receivable appearing on the balance sheet.
Credit sales________1650000
Allowance method %______2%
Allowance method____33000
It is calculated by dividing earnings after taxes (EAT) by equity in common shares, with the result multiplied by 100%. The higher the percentage, the greater the return shareholders are seeing on their investment.