Answer:
$3,860
Explanation:
The balance in the account Allowance for Doubtful Accounts is expected to be the projected amount in receivables of the company that will not be converting to cash.
Therefore to calculate final balance of allowance for doubtful balance
Beginning balance 2700
Bad debt expense (410000*1%) 4100
Less: Written off -2940
Ending balance 3860
So answer is $3,860
During a recession, the way that governments try to encourage growth is : increasing unemployment benefits
During
a recession, a number of unemployment will rapidly increased ( almost a
third of citizen could be jobless). In order to handle this, government
could increase unemployment benefit so the unemployed people have
enough to scrapped by until the recession is over or started a new
business.
Answer:
The correct answer is letter "B": a price increase results in higher profits; otherwise, the market is too narrow.
Explanation:
When firms are interested in acquisitions or mergers they have to determine if the target company is part of a relevant market. The term refers to the competitive conditions that offer the economy where the target company is located. The relevant market also considers the type of product or service the target company offers.
<em>Relevant markets optimal for mergers are those where an increase in prices generates more revenue for firms. If there are too many competitors offering undifferentiated products, the market will not allow organizations to profit from price increases. Those markets, then, are too narrow.</em>
Answer:
$150
Explanation:
Calculation to determine How much does the investor gain or lose if the oil price at the end of the contract equals $14.0
Using this formula
Gain or Loss =(Futures price- Ending contract)*Contract size
Let plug in the formula
Gain or Loss=$15.5 per barrel- $14.0* 100 barrels
Gain or Loss=$1.5*100
Gain or Loss=$150
Therefore How much does the investor gain or lose if the oil price at the end of the contract equals $14.0 will be $150
