Answer:
correct answer A. 415
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<em>Multiples choices for the question : a. 415 b. 300. c. 290 d. 335</em>
Explanation:
The law of demand explains the relationship between the price of a product and the quantity demanded. According to the law, there is an indirect relationship between quantity demanded and price. Should the price increase or decrease, the quantity demanded moves in the opposite direction.
If Miriam reduces the price of headbands, their demand should increase. A low price results in increased demand while a high price reduces demand. From the choices available, option A is higher than the current sales of 335. The reduced price will increase demand, pushing the sales higher.
The amount of Taxable income earned equals $164,258.37.
<h3>What is a
Taxable income?</h3>
It refers to any gross income earned that is used to calculate the amount of tax you owe.
Taxable income = $34,330 / .209
Taxable income = $164,258.37
Therefore, the amount of Taxable income earned equals $164,258.37.
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Answer:
true; all employees make either a positive or negative impact on a business
Explanation:
The way that the error should be handled in a bank reconciliation is that $900 should be subtracted from the cash balance in the accounting records.
<h3>What is a
bank reconciliation?</h3>
A bank reconciliation statement simply summarizes banking and business activity, reconciling an entity's bank account with its financial records. ·
Since Melon Corp. noticed that a check written by the company for $2,100 was incorrectly recorded in the accounting records as $1,200, $900 should be subtracted from the cash balance in the accounting records.
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Answer: what is not true about Allowance for doubtful accounts is that ----It is a liability account
Explanation:
Allowance for doubtful accounts is a contra-asset account that shows only amounts expected to be paid by negating the total receivables recorded on the balance sheet.
The allowance for doubtful accounts is credited when bad debts expenses are recorded and debited when uncollectible accounts are written off.
In summary, Allowance for doubtful accounts estimates the amount of accounts receivable expected but will not be paid by customers.
