The percentage change in quantity demanded relative to a percentage change in price is known as _____

2. Using the allowance method, the uncollectible accounts for the year is estimated to be $28,000. If the balance for the Allowa

Hoochie [10]

Answer:

b. $21,000

Explanation:

The accounting treatment for uncollectable accounts under allowance method is: Bad debts expense Debit and Allowance for doubtful accounts credit.

In the Question carried forward balance of Allowance for Doubtful accounts is $7,000 and the current year's allowance for doubtful accounts in total is $28,000.

So the amount for of bad debts expense for the period would be:

8 0

3 years ago

West Electronic Corporation sources goods and services for its electronics products from the different locations around the glob

anzhelika [568]

Answer: (D) Globalization of production

Explanation:

The globalization of the production is the process of sourcing the various types of products and the services which involve the capital flows and the trading worldwide.

The production of the various types of products and the services at very low cost is one of the main advantage of the globalization.

According to the given question, the globalization of production is one of the practicing that helps in demonstrating the given west electronic corporation situation.

Therefore, Option (D) is correct answer.

4 0

3 years ago

Cash $ 14,000 Accounts payable $ 42,000 Receivables 70,000 Other current liabilities 28,000 Inventories 210,000 Total CL $ 70,00

Tcecarenko [31]

Answer:

The ROE will increase by 7.69% to 14.29% from 7.5%

Explanation:

Current liabilities:

account payable 42,000

Other 28,000

Total Liabilities: 70,000

IF we want a current ratio of 2.3 then:

70,000 x 2.3 = 161,000 Current assets are needed.

Right now, the companny has 294,000 current assets so it will make inventories decrease by:

294,000 - 161,000 = 133,000

Then with that will purchase common stock:

280,000 - 133,000 = 147,000 common stock will be outstanding

The Return on equity will be:

21,000 / 147,000 = 0.142857 = 14.29%

While currently the ROE is:

21,000/280,000 = 0.075 = 7.5%

There will be an increase for: 14.29 - 7.5 = 6.79%

3 0

3 years ago

) a substance decays 22ach day. after 7 days, there are 9 milligrams of the substance remaining. how many milligrams were there

mamaluj [8]

A substance decays in 22ach days. after 7 days, there are nine milligrams of the substance last. milligrams had been there to start with:

at the give-up of each day, you are left with (100- 22)% = 7-8%, that is 0.7-8Tim.

To decay is described as to rot, lose strength or become worse. An example of degradation is while old fruit begins to rot. An instance of degradation is whilst a community begins to come to be crime-ridden. A falling into spoil.

a few common synonyms of deterioration are decomposed, putrefy, rot, and spoil. even as these types of words suggest "to go through negative dissolution," decay implies a sluggish exchange from a country of soundness or perfection.

The wooden of the white pine is long-lasting for indoor use, in particular, whilst covered by means of paint, however, while uncovered to moist air it swiftly decays, and it is very prone to dry rot; its miles are said to be excellent while grown on sandy soils.

Learn more about decays here: brainly.com/question/25537936

#SPJ4

7 0

2 years ago

Firms from __________ had the largest total outstanding stock of direct overseas investment at the beginning of 2014.

OlgaM077 [116]

<span>According to the United States Department of Commerce; U.S. Direct Investment Abroad: Balance of Payments and Direct Investment Position Data report, the United States had the largest total outstanding stock of direct overseas investments at the beginning of 2014.</span>

4 0

4 years ago

The percentage change in quantity demanded relative to a percentage change in price is known as ______.