Answer: C. . increase the quantity supplied of X and decrease the quantity demanded of X.
Explanation:
If the demand and supply curves for product X are stable, a goverment mandated increase in the price of X will result into the increase the quantity supplied of X and decrease the quantity demanded of X.
This is because when there is a rise in price, the suppliers will be willing to supply more while the consumers will demand less of the product.
Answer: Please see the required journals below:
December 31:
Debit Bad debt expense $6,034
Credit Allowance for doubtful accounts $6,034
February 1:
Debit Allowance for doubtful accounts $431
Credit Accounts receivables $431
June 5:
Debit Cash $431
Credit Bad debt recovery (income statement) $431
Explanation: The company estimates its bad debt expense as percentage of sales. In this case 0.7% of its annual sales of $862,000 was deemed as uncollectible, that is, 0.7% x $862,000 = $6,034. The required journals to recognize this bad debt expense is provided above. However, since there was an existing provision, which resides in the allowance account, a write-off would definitely hit that account in order to extinguish the accounts receivable portion. Upon recovery of the write-off, we cannot reinstate the receivable since it was already extinguished but we need to recognize the recovery as a gain.
Answer:
average annual transportation inventory for each alternative are 16.4383 , 5.4794, 27.3972
Explanation:
Given data
Annual demand A = 2000 flower
transit time t1 = 3 days
transit time t2 = 1 day
transit time t3 = 5 days
to find out
What is the average annual transportation inventory for each alternative
solution
we will apply here average annual transportation inventory formula that is
average annual transportation inventory = t × A / 365
put the value t1 , t2 and t3 for annual demand 2000
so
average annual transportation inventory = t × A / 365
average annual transportation inventory = 3 × 2000 / 365 = 16.4383
and
average annual transportation inventory = t × A / 365
average annual transportation inventory = 1 × 2000 / 365 = 5.4794
and
average annual transportation inventory = t × A / 365
average annual transportation inventory = 5 × 2000/ 365 = 27.3972
Answer:
So the answer for this case would be n=12 rounded up to the next integer
Explanation:
represent the sample mean
population mean (variable of interest)
s=840 represent the sample standard deviation
n represent the sample size
The margin of error is given by this formula:
(a)
And on this case we have that ME =150 and we are interested in order to find the value of n, if we solve n from equation (a) we got:
(b)
The critical value for 95% of confidence interval, the significance level if 5% and the critical value would be 
, replacing into formula (b) we got:
So the answer for this case would be n=12 rounded up to the next integer
Answer:
The answer is stated below:
Explanation:
The American experience along with the crime has been the influential during the half century and also in shaping the system of the criminal justice today.
The world wide of the organized activity of the criminal is linked with the Prohibition years of the early century of 20th and substantial rise in the traditional crimes during the 1970s and 1960s. The threat to the American way of the life is represented by the illicit drugs and the terrorists attack of September 11, 2001.
