Answer: The average annual arithmetic return is 3.75%.
Explanation:
Year 1 = 10%
Year 2 = 15%
Year 3 = 15%
Year 4 = -25%
Total return = 15%
The arithmetic average annual return is calculated as (Year 1 return + Year 2 return + Year 3 return + Year 4 return) / 4 = 15% / 4 = 3.75%.
Answer:
Explanation:
Accounts receivable of 320,000 debit
Allowance 600 credit
Sales total 900,000
1% estimated uncollectible:
900,000 x 1% = 9,000
The necessary adjusting entry will be for 9,000
As the calculated allowance corresponds to the sales of this period, we anticipate that 9,000 will be uncollectible in the upcoming period. It’s essential to acknowledge the entire sum now; otherwise, in a future period, we will incur bad debt expense for this previous period.
Recognizing the full amount aligns with the sales period, accommodating for any future uncollectible amounts arising from these sales
Response:
The correct selections are options A and B
Clarification:
The CRM system refers to a system designed to collect and manage customer account data within a unified database and provide access through various networks such as intranet and internet. Thus, the involved components include data warehouses and databases, and it functions as a sophisticated analytical tool.
The price coefficient (b) in the linear demand function is calculated as -0.10, derived from the elasticity of demand formula. By substituting known quantities into the equation, we find that the slope b equals -0.10.
Response:
There will be an increase in equilibrium quantity, but the impact on equilibrium price remains uncertain.
Note:
Due to the scientists' discovery, demand for oranges will rise, as will the price.
Additionally, the introduction of new fertilizers will boost the supply of oranges, leading to a price decrease.
Taking both of these factors into account indicates that there will be a rise in equilibrium quantity, while the effect on equilibrium price cannot be determined.
