Answer:
$490,000
Explanation:
The computation of the bad debt expense is shown below:
= Account receivable + (Gross Accounts receivable × estimated percentage given ) - (credit balance of Allowance for Doubtful Accounts)
= $650,000 + ($18,000,000 × 2%) - ($520,000)
= $650,000 + $360,000 - $520,000
= $490,000
We simply added the estimated amount and deduct the credit balance to the account receivable so that the accurate amount can come
B) t<span>ests and reviews products to help consumers make informed decisions.</span>
The concept that human desires are unlimited while resources for achieving those desires are limited is known as scarcity.
<h3>What is scarcity?</h3>
Economists believe that human wants are unlimited. For example, if you look at the things you want, you would agree that the things you want is unlimited.
But sadly, the resources needed to meet those desires are limited. This is referred to as the scarcity of resources. For example, the money needed to meet your desires are available in limited quantities. This is why humans have a scale of preference.
Since this is a noninterest-bearing note, or a zero-interest-bearing note payable, what's entered into the 6/30/2018 balance sheet is the Future Value of the equipment. The future value, or the face value, is the amount that Frasquita is obligated to pay on 4/30/2019.
This means that $550000 is the amount recorded as a Notes Payable in the 6/30/2018 balance sheet.
Answer:
Increase the production to decrease the fixed cost per unit
Explanation:
The reason is that if the production increases then the fixed cost will start decrease because the level of production and fixed cost per unit are inversely proportional to each other. Now if the production increases to 1250 ($500/0.4) units then the firm is at no profit and no loss position (Breakeven position). So all the firm has to do is increase its production above 1250 and generate the demand of increased production at the same price.