Stair rails is a barrier along the open sides of stairways and platforms that prevent falling is
Answer:
Estimated Allowance for Uncollectible Accounts $ 17950.
Explanation:
Pearl E. White Orthodontist
Schedule of Accounts Receivable by Age
December 31, 2021
Age Group Amount Estimated Uncollectible
Receivable Percent
Not yet due $ 40,000 4% 1600
0-90 days past due 16,000 20% 3200
91-180 days past due 11,000 25% 2750
More than 180 days past due 13,000 80% 10400
Total $ 80,000 17950
Estimated Allowance for Uncollectible Accounts $ 17950.
The above schedule shows the accounts receivable assigned to one of the four classes based on its days past due . The amounts of each class are multiplied by the estimated percent of the uncollectibles accounts. The total amount in the Uncollectible is the estimated balance for the Allowance for Uncollectible Accounts $ 17950.
Answer:
a. setting a price higher than the going price results in zero sales
Explanation:
Perfect competition markets are theoretical since there is not perfectly competitive market in the world, but some markets, specially commodities, work in similar ways. All the markets that work similarly to perfect competition markets have many sellers and buyers, and that prevents any individual seller or buyer from having to much market power, so all of them must be price takers if they want to sell their goods.
Answer:
Consumers are basis for any economy to work out.It is the consumers for which the country works and makes sure to fulfil the demand of the market. New businesses come into existence because they create needs in the consumers and fulfil those needs. These businesses become a part of the economy and therefore give an input.
If there are no consumers, there will be o demands and the produces will have no needs or demands to fulfil which would lead to less production and therefore leading towards the fall of the economy.
Answer:
The ratio of the percent change in quantity demanded to the percent change in price.
Explanation:
Price elasticity of demand measures how responsive quantity demand is to changes in price.
The formula is given by
Price elasticity of demand= Percetage change in demand/ Percentage change in price
Usually the price elasticity bis negative. Goods that don't obey the law of demand have positive elasticity.
