Answer:
The Journal entries are as follows:
(a)
Bad Debt Expense A/c Dr. $440
To Allowance for Doubtful Accounts $440
(To record the bad debts)
Workings:
Bad Debt Expense = 1% of Total revenue
= 0.01 × $44,000
= $440
(b)
Bad Debt Expense A/c Dr. $439.34
To Allowance for Doubtful Accounts $439.34
(To record the bad debts)
Workings:
Bad Debt Expense = 2% of accounts receivable
= 0.02 × $21,967
= $439.34
Answer:
n = 43.6673555
it will take 43.67 year to achice a real GDP of 98,000
Explanation:
we solve for time of a future lump-sum:
we use logarithmics properties:
PV 49,000
FV 98,000
rate 1.6%
n = 43.6673555
The market demand curve would be 1000 - 0.125Q.
<h3>How to calculate the demand curve?</h3>
It should be noted that the market demand curve will be the sum of the individual demand curve.
The market demand curve will be calculated thus. Mary’s demand curve is 5P = 5000 – 1.25QM. Here, p = 1000 - 0.25QM
Jack’s demand curve for donuts is given by P = 1000 – 0.5QJ. Helen’s demand curve is given by QH = 2000 – 2P. This will be P = 1000 - 0.5QH.
The slope will be:
= 0.5 × 0.25
= 0.15
The demand function of Jack and Helen are the same. The demand curve will be 1000 - 0.125Q.
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Answer:
Empowered
Explanation:
In the given scenario employees in Seneco have the freedom of controlling their work hours, location, and even pay plans. Employees also participate in all organization decisions, including what businesses Senco should pursue.
This is a form of employee empowerment.
Employee empowerment is the act of giving an employee autonomy in decision making regarding their welfare and activities affecting the organisation.
Employees are more involved in decisions affecting their work. This fosters a sense of commitment to the business.
Answer:
There is loss of $109,120
Explanation:
Lossrecognized=Marketvalue−Purchasevalue
=$1773200-1364000
Therefore, loss recognized by “M” Corporation is $409,200
Determine the gain or loss of A:
LossbyA=Purchasevalue−Liability−ActualbasisofM
=[($1364000-$1091200)×40%]−$218240
=$109120−$218240
=($109,120) loss
