Answer:
December 31, 2020
- Dr Bad Debt expense 18,690
- Cr Allowance For Doubtful Accounts account 18,690
Explanation:
First we need to determine the total amount of uncollectible accounts receivable = $385,600 x 6% = $23,100
Then we must subtract the amount already recorded in allowance for doubtful accounts from our total uncollectible accounts = $23,100 - $4,410 = $18,690
We have to debit the difference and credit the contra asset account:
Dr Bad Debt expense 18,690
Cr Allowance For Doubtful Accounts account 18,690
This relationship described between the price and the quantity demanded is known as the <u>Price Elasticity of Demand (PED). </u>
<h3>What is the Price Elasticity of Demand?</h3>
- It is a measure that shows the relationship between the price of a good and the quantity demanded of it.
- Shows how sensitive quantity demanded is to a change in price.
When the PED is less than 1, it means that a change in price doesn't affect the quantity demanded as much. When it is more than 1, a change in price will lead to an even higher change in quantity demanded.
In conclusion, this is the Price Elasticity of Demand.
Find out more on PED at brainly.com/question/9235198.
Answer:
Rises
Rises
Explanation:
If the demand for a good rises more than the fall in supply, both equilibrium price and quantity would increase.
Refer to the attached image for a graphical explanation.
I hope my answer helps you
A. deductions as these are the items that are deducted from your salary.
Answer:
Vanessa’s <u>task-oriented</u> leadership behavior is likely to be <u>ineffective</u> because <u>l</u><u>ow position power</u> <u>neutralizes</u> this leadership behavior.
Explanation:
Vanessa is a newcomer to a company, with less time and acting experience than her staff, so her leadership behavior will be offset by her low position power. This occurs when an employee's hierarchical position does not allow certain actions, so Vanessa's actions would be neutralized and ineffective, having no impact on decision making.
