Answer:
Journal Entry
May 3
Dr. Allowance for doubtful accounts $2,800
Cr. Account Receivable $2,800
Explanation:
When a receivable of the business is considered to be non-collectible from a customer, it is written off from the accounts. This event will decrease the account receivable balance and allowance for the doubtful accounts too. a Debit entry in the Allowance for doubtful account and a credit entry in accounts receivable is made to incorporate the effect of this transaction.
784.967 rounded to the nearest whole number is 785
Answer:
b. Increase in communication and coordination costs
Explanation:
Based on the information provided within the question it can be said that she will likely experience a disadvantage with an Increase in communication and coordination costs. This is mainly due to the fact that those individuals are already used to communicating and coordinating with their teams in a very specific way that they have developed through months of working together. By putting members from different divisions together they have to learn how to coordinate with one another which will take time and money.
Direct material cost variance = (Standard price - Actual Price) * Actual Quantity
= ($50 - $51) * 47,000
= $47,000 adverse
The five foundations of trade are:
- incentives
- tradeoffs
- opportunity cost
- marginal thinking,
- principle that trade creates value.
<h3>Why do we engage in trade?</h3>
There are five main foundations of trade that are the reason why people engage in trade. One of them is the profit incentive to make money from trade. Another is the tradeoffs that people are forced to make to survive.
Opportunity cost also leads to trade because people give up one thing for another and so may have to sell the thing they gave up to receive the thing they want. There is also the principle which posits that when we trade, value is created. Finally, there is marginal thinking which is thinking along the lines of the benefit of one additional unit.
Find out more on the foundations of trade at brainly.com/question/2710473
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