Answer:
$100,000
Explanation:
Allowance as at December 31, Year 2 $100,000
This will be recorded as it is expense for the year 2
Bad Debt Expense Dr.$100,000
Account Receivable Cr.$100,000
Answer:
The acquired cost of the equipment on July 1 is $85,132
Explanation:
The computation of the acquired cost is shown below:
= Cash + Net note payable amount
= $10,000 + $75,132
= $85,132
where,
Notes payable amount equals to
= Non-interest-bearing note payable - discounts on notes payable
= $100,000 - $24,868
= $75,132
For computing the accurate answer we have to deduct the discount from the note payable amount and then added to thee cash amount
Answer:
Hawthorne effect
Explanation:
The Hawthorne effect refers to a reaction of the workers included in this experiment where their behavior will be modified (their productivity increased) simply because they know they are being observed. The study should be about how changes in the environment affect productivity, but what really affects productivity is the fact that the workers know they are being part of the study.
In the original Hawthorne experiments, if lighting was increased, productivity increased, but if lighting decreased, productivity also increased. So the changes in productivity had nothing to due with lightning conditions, but rather the fact that the workers were being part of an experiment.
Answer: See Explanation
Explanation:
Your question isn't complete but let me help out. Let's assume that Scalpers bought the tickets for $90 each. To find profit, the formula to use is:
= Total revenue - Total cost
Total revenue will be:
= 8000 × $100
= $800,000
Total cost will be:
= 8000 × $90
= $720,000
Profit = Total Revenue - Total cost
= $800,000 - $720,000
= $80,000
Therefore, profit will be $80,000.
