Define uncertainty. What are some of the basic causes of uncertainty in engineering economy studies?

_______ planning develops alternative courses of action that may be used in a specific situation when things do not go according

AleksandrR [38]

Pre- is probably the answer, I’m sorry if it’s wrong.

5 0

3 years ago

Market research is the process associated with the controversial act of "data mining" or acquiring information about

alina1380 [7]

Answer:

True

Explanation:

Market research involves collecting, analyzing, and interpreting information regarding a company's brand name, products, services, or the market. It is concerned with gathering data on potential customers, existing and possible competitors of a product about to be launched. Market research is more of a feasibility study on products and services or markets.

Market research involves collecting data from different people, such as suppliers, customers, distributors, and traders. One has to engage these individuals and gather as much information from them. The activities of obtaining information are comparable to data mining.

8 0

2 years ago

Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts

sineoko [7]

The amount of the bad debts expense adjusting entry is:$7665.

<h3>Bad debt expenses</h3>

Using this formula

Bad debt expenses=Sales×Estimated sales percentage

Where:

Sales=$1,095,000

Estimated sales percentage=0.7%

Let plug in the formula

Bad debt expenses=$1,095,000×0.7%

Bad debt expenses= $7,665

Therefore the amount of the bad debts expense adjusting entry is:$7665.

Learn more about bad debt expenses here:brainly.com/question/18568784

#SPJ1

5 0

2 years ago

On October 14, the Patrick Company sold merchandise with an invoice price of $1,200 ($770 cost), with terms of 2/10, n/30, to th

Anna11 [10]

Answer:

Patrick Company

Journal Entries:

Oct. 14: Debit Accounts receivable (Baxter Company) $1,200

Credit Sales revenue $1,200

To record the sale of goods on account, terms of 2/10, n/30.

Oct. 14: Debit Cost of goods sold $770

Credit Inventory $770

To record the cost of goods sold.

Oct. 18: Debit Sales returns $220

Credit Accounts receivable (Baxter Company) $220

To record the return of goods (wrong size) by Baxter.

Oct. 18: Debit Inventory $170

Credit Cost of goods sold $170

To record the cost of goods returned.

Oct. 24: Debit Cash $960

Debit Cash discounts $20

Credit Accounts receivable (Baxter Company) $980

To record the receipt of check on full settlement, including discounts.

Explanation:

a) Data and Calculations:

Oct. 14: Accounts receivable (Baxter Company) $1,200 Sales revenue $1,200, terms of 2/10, n/30.

Oct. 14: Cost of goods sold $770 Inventory $770

Oct. 18: Sales returns $220 Accounts receivable (Baxter Company) $220

Oct. 18: Inventory $170 Cost of goods sold $170

Oct. 24: Cash $960 Cash discounts $20 Accounts receivable (Baxter Company) $980

7 0

2 years ago

Grouper Corp. retires its $640000 face value bonds at 105 on January 1, following the payment of annual interest. The carrying v

AleksAgata [21]

Answer:

Explanation:

The journal entry is shown below:

Bonds payable A/c Dr $640,000

Premium on bonds payable A/c Dr $23,970

Loss on bonds redemption A/c $8,030

To Cash A/c $672,000 ($640,000 × 1.05)

(Being the redemption of bond is recorded and the remaining balance is debited to the Loss on bonds redemption account)

The Premium on bonds payable is computed below:

= Carrying value of the bonds - face value of the bond

= $663,970 - $640,000

= $23,970

4 0

3 years ago