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3 years ago

Why do economists love graphs?

Business

2 answers:

Fofino [41]3 years ago

6 0

Answer:

Graphs show the relationship between 2 variables. A graph is used to condense numeral information making patterns clearer. Using graphs makes data readable for economists.

kiruha [24]3 years ago

5 0

Graphs in economics can show the relationship between two variables. For example, a classic economic graph would be the cost of a product on one axis and the amount purchased on the other axis. ... This graph could help a company determine how much of a good to produce and where to price their product for maximum profit.

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The December 31, 2020, Allowance account balance includes $3,076 for a past due account that is not likely to be collected. This

Blizzard [7]

Answer:

There will be no effect on working capital upon write off as the entries required would be a credit to receivables and a debit to allowance account.

Explanation:

The allowance account is the account used to record receivables due that may not be collectible.

When a company has determined that a receivable may be uncollectible, the company credits the allowance for receivables account and debits bad debit expense. This reduces the accounts receivable balance in the balance sheet as the receivables to be reported will be net the allowance given. As such, where on December 31, 2020, Allowance account balance includes $3,076 for a past due account that is not likely to be collected.

There will be no effect on working capital upon write off as the entries required would be a credit to receivables and a debit to allowance account.

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3 years ago

A company is trying to decide whether to sell partially completed goods in their current state or incur additional costs to fini

Ghella [55]

Answer:

b-the costs incurred to process the units to this point

Explanation:

Since in the question it is given that the company want to decide whether to sell partially completed goods or should incurred extra cost in order to finished the goods and sells them as a completed unit

So there should be the decision regarding selling price for the units that are completed, the selling price for the units that are partially completed and the cost i.e to be incurred for finishing the units

8 0

3 years ago

On January 1, 2018, Chamberlain Corporation pays $550,000 for an 80% ownership in Neville. Annual excess fair-value amortization

german

Answer:

The question is missing the options, which are contained in the attached question.

The consolidated net income attributable to the non-controlling interest i $30,000.00 with option D as the correct answer as found in the attached

Explanation:

Neville's net income for the year $175,000.00

less annual excess fair value amortization ($25,000.00)

Net income after excess fair amortization $150,000.00

Chamberlain's share of net income

80%*$150,000.00 ($120,000.00)

Non-controlling interest share of net income $30,000.00

Note that the non-controlling interest is a balancing figure.

Chamberlain consolidated income can be computed thus:

Chamberlain 100% net income $380,000.00

Plus share of Neville's net income $120,000.00

Consolidated net income $500000.00

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3 years ago

In an effort to make better and more efficient purchase decisions, the Ford Motor Co. includes various people, depending on the

expeople1 [14]

Answer:

Buying Center.

Explanation:

A Buying Center is a group if individuals within an organization that are responsible for making purchase decisions.

The Buying Center is also called the Decision Making Unit (DMU), and it includes personnel from various departments.

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3 years ago

You are considering a new product launch. The project will cost $2,200,000, have a four-year life, and have no salvage value; de

ankoles [38]

Answer:

break-even level of output for this project (ignoring taxes)? (2 decimal places)

d1) What is the accounting break-even level of output for this project? (2 decimal places)

d2) What

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3 years ago